The proposed bill, if enacted, would amend the Arizona Revised Statutes by adding a new section (40-104) that specifically prohibits public service corporations or 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 ethical standards and prevent potential conflicts of interest within the regulatory framework.

Current law does not contain specific provisions regarding the employment of former commissioners by regulated entities. The bill introduces this restriction as a new legal requirement, thereby updating the existing statutes to ensure that individuals who have recently held a position of authority within the ACC cannot be hired by the entities they once regulated. This measure is intended to promote transparency and integrity in the operations of public service corporations and the ACC.

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