If enacted, this bill would amend Arizona Revised Statutes by adding a new section (40-104) that prohibits public service corporations and public power entities regulated by the Arizona Corporation Commission (ACC) from employing or entering into independent contractor agreements with individuals who served as commissioners within the preceding two calendar years. This change aims to enhance the integrity of the ACC by preventing potential conflicts of interest that could arise from recent commissioners engaging with entities they previously regulated.

The current law remains unchanged, but the new provisions specifically outline the two-year restriction on employment and contracting with former commissioners. This addition is intended to ensure that individuals who have recently held a position of regulatory authority do not have the opportunity to influence or benefit from the entities they once oversaw, thereby promoting ethical governance within the state's regulatory framework.

Statutes affected:
Introduced Version: 40-104
House Engrossed Version: 40-104
Chaptered Version: 40-104