State utility regulators at the Arizona Corporation Commission approved a new code of ethics.

The new code prohibits commissioners from ruling on issues involving interested parties that have given them direct campaign donations.

Only commissioners that publicly finance their campaigns may make rulings on issues regarding interested parties with employees or owners that gave them personal donations.

The Arizona Corporation Commission released a code of ethics draft that would ban lobbyists from buying gifts or food for commissioners, as well as require lobbyist registration with the state.

The draft can be amended before the Corporation Commission adopts the code of ethics, which is expected by March.

On August 31, the Arizona Corporation Commission held a workshop to develop a code of ethics for the commission. Commission staff presented an overview of various Arizona statutes and rules covering open meetings, conflicts of interest, financial disclosures, gifts, and lobbyists, according the commission’s press release.

The Arizona Corporation Commission is responsible for the regulation of public utilities, the oversight of incorporation or registration of companies wishing to do business in Arizona, the registration of securities offerings and dealers, and the enforcement of railroad and pipeline safety. The five commissioners making up the commission are elected officials.

The code of ethics will next be considered by the commission’s Ethics Committee on September 15.