HB2463: State Corporation Commission; increases number of members.

Legislative Summary

State Corporation Commission; members. Increases, until the next expiration of a member's term, the number of members of the State Corporation Commission from three to four. The bill provides that the newest member will serve a term of six years that begins July, 1, 2023. The bill provides that upon the next expiration of a term of a member of the Commission or upon the expiration of the remaining term of a vacancy, whichever occurs earlier, no member shall be elected to fill the expired seat, and the Commission shall consist of three members.