Bill Text: AZ SB1424 | 2019 | Fifty-fourth Legislature 1st Regular | Engrossed
Bill Title: Youth entrepreneurship; appropriation; pilot program
Spectrum: Partisan Bill (Democrat 6-0)
Status: (Engrossed - Dead) 2019-04-04 - House APPROP Committee action: do pass amended/strike-everything, voting: (10-1-0-0-0-0) [SB1424 Detail]
Download: Arizona-2019-SB1424-Engrossed.html
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Senate Engrossed |
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State of Arizona Senate Fifty-fourth Legislature First Regular Session 2019
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SENATE BILL 1424 |
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AN ACT
Establishing the youth entrepreneurship pilot program; Appropriating monies.
(TEXT OF BILL BEGINS ON NEXT PAGE)
Be it enacted by the Legislature of the State of Arizona:
Section 1. Arizona commerce authority; youth entrepreneurship pilot program; annual report; delayed repeal; definitions
A. The Arizona commerce authority shall establish the youth entrepreneurship pilot program that provides persons who are at least sixteen but under twenty-four years of age with the following:
1. A community-based entrepreneurial education.
2. Increased economic knowledge and entrepreneurial skills.
3. Mentoring from local small business owners and professionals.
4. Increased opportunities for disconnected youths to meaningfully participate in community economic activities.
5. Opportunities for collaboration and innovation.
6. An appreciation for the benefits and challenges of owning a successful business enterprise, including a successful microenterprise.
B. The Arizona commerce authority:
1. May coordinate with local small business leaders to organize and conduct educational workshops, seminars and discussions on alternative career pathways for youths.
2. Shall include in the pilot program a component to serve youths in counties with a population of less than seven hundred fifty thousand persons.
C. On or before October 1 of each year, the Arizona commerce authority shall submit to the governor, the president of the senate and the speaker of the house of representatives a report containing a detailed description of the number and types of activities held, the number of youths served and the outcomes achieved by the pilot program and shall provide a copy of the report to the secretary of state.
D. The Arizona commerce authority may use federal monies, legislative appropriations, public and private grants and private donations to operate the pilot program.
E. This section is repealed from and after June 30, 2025.
F. For the purposes of this section:
1. "Disconnected youths" means persons who are:
(a) At least sixteen but under twenty‑four years of age.
(b) Not employed or enrolled in school.
2. "Microenterprise" means any business that is located or principally based in this state and that employs ten or fewer employees. Microenterprise includes a start-up business, a home-based business and a self-employed business.
Sec. 2. Appropriation; Arizona commerce authority; youth entrepreneurship pilot program; exemption
A. The sum of $500,000 is appropriated from the Arizona competes fund established by section 41‑1545.01, Arizona Revised Statutes, in fiscal year 2019-2020 to the Arizona commerce authority to operate the youth entrepreneurship pilot program established pursuant to this act. The Arizona commerce authority shall allocate:
1. $50,000 of the appropriation to award seed capital on a competitive basis to youths who are residents of counties with a population of less than seven hundred fifty thousand persons, who have successfully completed one year in the pilot program and who present a meritorious new business enterprise proposal to the authority. Seed capital awarded pursuant to this paragraph shall be used by the recipients for start-up costs for the new business enterprise.
2. $50,000 of the appropriation to award seed capital on a competitive basis to youths who are residents of counties with a population of seven hundred fifty thousand persons or more, who have successfully completed one year in the pilot program and who present a meritorious new business enterprise proposal to the authority. Seed capital awarded pursuant to this paragraph shall be used by the recipients for start-up costs for the new business enterprise.
B. The appropriation made in subsection A of this section is exempt from the provisions of section 35-190, Arizona Revised Statutes, relating to lapsing of appropriations.
