Arizona HB 2706: nutrition; health; pilot programs; grants

Bill Text

HB2706 - 572R - I Ver 

 REFERENCE TITLE: single-family residences; corporate buyer restrictions

 State of Arizona

 House of Representatives

 Fifty-seventh Legislature

 Second Regular Session

 2026

 HB 2706

 Introduced by 

 Representative 
 De Los Santos

AN 
ACT

amending title 44, Arizona Revised 
Statutes, by adding chapter 14; amending title 44, chapter 15.1, article 1, 
arizona revised statutes, by adding section 44-5102; relating to REAL 
ESTATE.

(TEXT OF BILL BEGINS ON NEXT PAGE)

Be it enacted by the Legislature of the State of Arizona:

Section 1. Title 44, Arizona Revised Statutes, 
is amended by adding chapter 14, to read:

CHAPTER 14

SINGLE-FAMILY RESIDENCE PURCHASES

ARTICLE 1. GENERAL PROVISIONS

START_STATUTE44-4001. Definitions

In this chapter, unless the context otherwise 
requires:

1. "Commission" means the 
corporation commission.

2. "Corporation":

(a) means a corporation that is organized pursuant to title 
10.

(b) Does not 
include a housing authority as defined in section 36-1401.

3. "Limited liability 
company" means a limited liability company that is organized by filing 
articles of organization with the commission pursuant to title 29.

4. "Single-family 
residence":

(a) Means a 
structure that is maintained and used as a single detached dwelling unit.

(b) Does not 
include a dwelling unit that shares one or more walls with another dwelling 
unit. END_STATUTE

START_STATUTE44-4002. Corporations; limited liability companies; affiliates; single-family 
residence purchases; registration; limits; exceptions; civil penalty; rules; 
fees; attorney general

A. a corporation or a limited 
liability company or an affiliate of a corporation or a LIMITED liability 
company shall register with the Securities Division of the commission before 
purchasing a single-family residence, condominium or townhome located in 
this State. the registration must include the name under which the 
corporation or limited liability company or the AFFILIATE of the corporation or 
LIMITED liability company conducts business.

B. The commission may charge a fee 
for the registration in an amount to be determined by the commission.

C. The commission shall issue a 
certificate of registration to each corporation or each limited liability 
company or an affiliate of a corporation or a limited liability company that 
registers pursuant to this section.

D. The registration requirement does 
not apply to any of the following:

1. A corporation or a limited 
liability company or an affiliate of a corporation or a limited liability 
company that owns fewer than ten single-family residences, condominiums 
or townhomes located in this State.

2. A gOVERNMENTAL 
entity. For the purposes of this paragraph, "governmental 
entity" means this state or any county, city, town or other political 
subdivision of this state.

3. Any nonprofit group that is 
RECOGNIZED by the United States internal revenue service under section 501(c)(3) of the internal revenue code.

4. A 
lAND TRUST.

5. A gROUP HOME.� For the purposes of 
this paragraph, "Group home" means a home that is certified pursuant 
to title 36, chapter 7.1, article 4.

6. An eMPLOYER that rents single-family 
residences, condominiums or townhomes to EMPLOYEES.

E. The Securities Division of the 
commission shall establish and maintain a registry of corporations and limited 
liability companies and affiliates of the corporations and the limited 
liability companies that purchase or own single-family residences, 
condominiums or townhomes located in this State. The Securities 
Division of the commission shall make the registry available on the 
commission's website.

f. A corporation or a limited 
liability company or an affiliate of a CORPORATION or a limited liability 
company that does not register with the securities division in compliance with 
this section or that intentionally provides misleading information on the 
application is in violation of this section, and the commission shall provide 
notice and an opportunity for a formal hearing. If a corporation or 
a limited liability company or an affiliate of a corporation or a limited 
liability company is found to be in violation of this section after a formal 
hearing, the commission shall impose a civil penalty of not more than $20,000 
for each violation.� The commission shall deposit, pursuant to sections 35-146 
and 35-147, penalties collected pursuant to this section in the housing 
trust fund established by section 41-3955.� a VIOLATION OF THIS SECTION 
DOES NOT APPLY TO EXCUSABLE NEGLECT.

G. The commission shall adopt rules 
necessary to carry out this section.� The commission may establish a fee in 
rule.

H. tHE ATTORNEY GENERAL MAY ENFORCE 
THIS SECTION PURSUANT TO TITLE 44, CHAPTER 10, ARTICLE 7. END_STATUTE

START_STATUTE44-4003. Annual report

On or before January 
31, 2027 and each year THEREAFTER, the commission shall submit a report to the 
governor, the president of the senate, t