Final answer:
A rule becomes valid and binding on the Commission once it has gone through the requisite rulemaking process, including development, public comment, finalization, publication, and any additional steps such as legislative review periods or regulatory impact analyses.
Step-by-step explanation:
A rule is not valid and binding on the Commission until the Commission has completed a series of specific procedures that are typically required to give a rule legal effect. This often includes the development of the rule, opportunity for public comment, finalization of the rule text, and publication in an official government publication such as the Federal Register. In many jurisdictions, there may also be additional steps such as a review period, during which lawmakers or the public can challenge the rule, or a requirement that the rule be laid before the legislature for a certain period.
Moreover, it's essential that the rule is enacted in accordance with the prescribed rulemaking process, which is often outlined in administrative procedure laws that govern how federal or state agencies promulgate new rules. For a rule to be enforceable, it frequently must be accompanied by a regulatory impact analysis, which assesses the potential effects of the rule. Once these conditions are met and any required waiting periods have lapsed, the commission's rule can be considered valid and binding on the Commission.