The resolution SCR1016 proposes a constitutional amendment to rename the Arizona Corporation Commission (ACC) to the Arizona Public Utility and Corporation Commission, contingent upon voter approval and the proclamation of the Governor. Established in 1912, the ACC regulates investor-owned utilities providing essential services such as gas, water, electricity, and telephone services. The resolution outlines the necessary amendments to various sections of the Arizona Constitution to reflect this name change and to ensure that the commission's powers and responsibilities remain intact.

In addition to the name change, the resolution mandates that the Legislative Council staff prepare conforming legislation to update the Arizona Revised Statutes accordingly, should the amendment be approved. The resolution does not anticipate any fiscal impact on the state General Fund. The proposed changes aim to enhance clarity regarding the commission's role in regulating public utilities while maintaining its existing authority and responsibilities. The Secretary of State is tasked with submitting this proposition to voters at the next general election.