HCR 2034 Summary

• Proposes constitutional amendment to rename "The Corporation Commission" to "The Arizona Public Utility and Corporation Commission" throughout Article XV of the Arizona Constitution.

• Updates terminology throughout the constitution from outdated language (e.g., changing "upon" to "on," "the" to "this," "one half" to "one-half") and modernizes dollar amounts in penalty provisions to $100-$5,000 range.

• Modifies Article XIV, sections 8 and 17 to reference the renamed commission regarding domestic and foreign corporation filings, licensing, and annual registration fees of at least $10.

• Updates Article XV sections addressing commission powers including rate-setting authority, investigation powers, certificate and license issuance, transportation and message transmission regulations, and penalty enforcement.

• Requires the Legislative Council to prepare conforming legislation to update Arizona Revised Statutes if voters approve the amendment, with the Secretary of State to place the proposition on the next general election ballot.