41-1545.04. Report on use of monies in the Arizona competes fund

A. On or before November 1 of each year, the authority shall submit to the president of the senate, the speaker of the house of representatives and the joint legislative budget committee a report on grants made from the Arizona competes fund under this article in the preceding fiscal year and all projects currently being funded from the Arizona competes fund. The authority shall provide a copy of the report to the secretary of state and post a copy on the authority's website. The report shall include:

1. The name of each grant recipient.

2. The number of direct jobs each grant recipient committed to create in this state in connection with the grant.

3. The number of direct jobs each grant recipient actually created in this state in connection with the grant.

4. The number of direct jobs each grant recipient actually created in comparison to the number of jobs that the recipient committed to create in the state in connection with the grant.

5. The average annual wage each grant recipient committed to pay for the direct jobs associated with the grant.

6. The average annual wage each grant recipient actually pays for the direct jobs associated with the grant.

7. The amount of capital investment each grant recipient committed to spend or allocate in connection with the grant, including any investments by third-party developers of build-to-suit facilities, per project in this state.

8. The amount of capital investment each grant recipient actually spent or allocated in connection with the grant.

9. The total amount of grants made to each recipient.

10. The average amount of money granted from the Arizona competes fund for each job created in this state by grant recipients.

11. The number of jobs created in this state by grant recipients in each sector of the North American industry classification system.

12. Of the number of direct jobs each recipient created in this state, the percentage of the health insurance premium or membership cost offered by the recipient to employees.

13. The total amount of grants issued by the authority since the last annual report.

B. The report shall not include information that is made confidential by law.

C. The authority may require grant recipients to submit information in a form required to complete the report.