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House Engrossed
nonprofit generation and transmission cooperatives |
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State of Arizona House of Representatives Fifty-fifth Legislature Second Regular Session 2022
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CHAPTER 96
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HOUSE BILL 2232 |
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An Act
amending title 10, chapter 19, article 4, Arizona Revised Statutes, by adding section 10-2152; relating to nonprofit electric generation and transmission cooperative corporations.
(TEXT OF BILL BEGINS ON NEXT PAGE)
Be it enacted by the Legislature of the State of Arizona:
Section 1. Title 10, chapter 19, article 4, Arizona Revised Statutes, is amended by adding section 10-2152, to read:
10-2152. Annual assessments; gross intrastate revenue exception
TITLE 40, CHAPTER 2, ARTICLE 8 APPLies TO A GENERATION AND TRANSMISSION COOPERATIVE that is regulated by the corporation commission but does not apply to tHE COOPERATIVE'S GROSS INTRASTATE REVENUES that ARE DERIVED FROM SALES OF ELECTRICITY TO ANother cooperative ELECTRIC UTILITY that is both:
1. REGULATED BY THE corporation COMMISSION.
2. SUBJECT TO THE corporation COMMISSION'S ANNUAL ASSESSMENT.
APPROVED BY THE GOVERNOR MARCH 30, 2022.
FILED IN THE OFFICE OF THE SECRETARY OF STATE MARCH 30, 2022.