46th legislature - STATE OF NEW MEXICO - first session, 2003
PROPOSING AN AMENDMENT TO ARTICLE 11, SECTION 2 OF THE CONSTITUTION OF NEW MEXICO TO EMPOWER THE LEGISLATURE TO DEFINE THE SCOPE OF PUBLIC REGULATION COMMISSION AUTHORITY.
BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
Section 1. It is proposed to amend Article 11, Section 2 of the constitution of New Mexico to read:
"The public regulation commission shall have
[responsibility for chartering and regulating business
corporations in such manner as the legislature shall provide.
The commission shall have responsibility for regulating public
utilities, including electric, natural gas and water companies;
transportation companies, including common and contract
carriers; transmission and pipeline companies, including
telephone, telegraph and information transmission companies;
insurance companies and others engaged in risk assumption; and
other public service companies in such manner as the
legislature shall provide] responsibilities as provided by
law."
Section 2. The amendment proposed by this resolution shall be submitted to the people for their approval or rejection at the next general election or at a special election prior to that date that may be called for that purpose.