House Engrossed

 

nonprofit generation and transmission cooperatives

 

 

 

State of Arizona

House of Representatives

Fifty-fifth Legislature

Second Regular Session

2022

 

 

 

CHAPTER 96

 

HOUSE BILL 2232

 

 

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:

START_STATUTE10-2152. 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. END_STATUTE


 

 

 

APPROVED BY THE GOVERNOR MARCH 30, 2022.

 

FILED IN THE OFFICE OF THE SECRETARY OF STATE MARCH 30, 2022.