This bill proposes significant updates to the Arizona Revised Statutes regarding campaign contributions and the use of ratepayer funds by public service corporations and public power entities. It introduces new restrictions on contributions to political action committees and corporations that influence elections for the corporation commission, specifically prohibiting regulated public service corporations from making such contributions. Additionally, the bill outlines a comprehensive list of expenditures that these corporations cannot fund with ratepayer money, including charitable contributions, advertising, employee compensation related to political activities, and various operational costs.

Furthermore, the bill mandates that public service corporations and public power entities are prohibited from using ratepayer funds for lobbying the legislature. It also requires these entities to file reports detailing the sources of any funds used for lobbying activities. Overall, the proposed legislation aims to enhance transparency and accountability in the financial dealings of public service corporations, particularly concerning political contributions and the use of ratepayer funds.

Statutes affected:
Introduced Version: 16-916, 40-363, 41-1232.09, 30-801