97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
SB0692

 

Introduced 2/8/2011, by Sen. John J. Cullerton

 

SYNOPSIS AS INTRODUCED:
 
220 ILCS 5/15-301

    Amends the Public Utilities Act. Makes a technical change in a Section relating to records and accounts of common carriers by pipeline.


LRB097 04944 ASK 44984 b

 

 

A BILL FOR

 

SB0692LRB097 04944 ASK 44984 b

1    AN ACT concerning regulation.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Public Utilities Act is amended by changing
5Section 15-301 as follows:
 
6    (220 ILCS 5/15-301)
7    Sec. 15-301. Records and accounts.
8    (a) Each common carrier by pipeline shall:
9        (1) Keep written accounts and and records of its
10    revenues, expenses, contracts, and other activities
11    subject to regulation under this Act in accordance with
12    regulations prescribed by the Commission;
13        (2) Maintain, for a period of 3 years, copies of all
14    accounts and records required by Commission regulations;
15    and
16        (3) Make the accounts and records available for
17    inspection, on request, by an authorized employee of the
18    Commission.
19    (b) Accounts and records kept under this Section shall be
20kept at an office in the State of Illinois unless the
21Commission shall have authorized maintenance at a location
22outside of the State.
23(Source: P.A. 89-42, eff. 1-1-96.)