Illinois Senate Bill 3026 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 18 2016 - 25% progression, died in committee
Action: 2016-05-13 - Rule 3-9(a) / Re-referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]

Amends the Public Utilities Act. Adds provisions concerning pricing of water assets, meaning a water utility or water distribution company and its tangible and intangible properties, by an Illinois governmental purchaser. Provides that the determination of value or price for the purchase or acquisition of water assets by the Illinois governmental purchaser: may not distinguish, penalize, or increase the value or price to be paid by an Illinois governmental purchaser based on specified characteristics of the purchaser; or may not use as a factor any excess of replacement cost new minus depreciation over the value of price based on fair market value of the water assets, as determined by what a willing buyer in the private sector would value, price, or pay for the water assets. Provides for application of the provisions to contracts already in place. Contains a severability clause. Effective immediately.

UTILITIES-WATER ASSETS PRICING

Sen. Chuck Weaver [R]

Date	Chamber	Action
2016-05-13	Senate	Rule 3-9(a) / Re-referred to Assignments
2016-04-22	Senate	Rule 2-10 Committee/3rd Reading Deadline Established As May 13, 2016
2016-04-08	Senate	Rule 2-10 Committee Deadline Established As April 22, 2016
2016-03-08	Senate	Assigned to Environment and Conservation
2016-02-18	Senate	Referred to Assignments
2016-02-18	Senate	First Reading
2016-02-18	Senate	Filed with Secretary by Sen. Chuck Weaver

Chapter	Article	Section	Citation Type	Statute Text
220	5	5-119	New Code	See Bill Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3026&GAID=13&DocTypeID=SB&SessionID=88&GA=99
Text	https://www.ilga.gov/legislation/99/SB/09900SB3026.htm