A. The compensation of corporation commission appointees and employees except as provided in section 40-408 shall be determined pursuant to section 38-611 and shall be paid from the state general fund and the appropriation made to the commission in the general appropriations act.

Terms Used In Arizona Laws 40-108

  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.

B. Employee compensation of the utilities division and a part of the administration, hearing and legal divisions shall be determined pursuant to section 38-611 and is payable from the utility regulation revolving fund established pursuant to section 40-408.

 

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