The resolution SCR1016 proposes to rename the Arizona Corporation Commission (ACC) to the Arizona Public Utility and Corporation Commission, contingent upon voter approval. Established in 1912, the ACC regulates utilities providing essential services such as gas, water, electricity, and telephone services. The resolution outlines the necessary amendments to the Arizona Constitution, including changes to various sections that govern the commission's powers, structure, and responsibilities. It also mandates that the Legislative Council prepare conforming legislation if the changes are approved by voters and proclaimed by the Governor.

In addition to the name change, the resolution includes provisions for term limits for commissioners, the commission's authority to regulate rates and services, and the power to inspect and investigate corporations. It emphasizes that there will be no anticipated fiscal impact on the state General Fund as a result of this legislation. The Secretary of State is tasked with submitting this proposition to voters at the next general election, ensuring that the public has a say in this significant change to the state's regulatory framework.