If enacted, this bill would amend the Arizona Revised Statutes by adding a new section (40-104) that 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 the integrity of the ACC by preventing potential conflicts of interest that may 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 the regulatory process remains free from undue influence and maintains public trust in the ACC's oversight of public service corporations.

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