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 Bill Status of HB0463  100th General Assembly


Short Description:  UTILITIES-WATER ASSETS PRICING

House Sponsors
Rep. Ryan Spain

Last Action
DateChamber Action
  3/31/2017HouseRule 19(a) / Re-referred to Rules Committee

Statutes Amended In Order of Appearance
220 ILCS 5/5-119 new


Synopsis As Introduced
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.

Actions 
DateChamber Action
  1/17/2017HouseFiled with the Clerk by Rep. Ryan Spain
  1/17/2017HouseFirst Reading
  1/17/2017HouseReferred to Rules Committee
  2/2/2017HouseAssigned to Public Utilities Committee
  3/9/2017HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Ryan Spain
  3/9/2017HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  3/13/2017HouseHouse Committee Amendment No. 1 Rules Refers to Public Utilities Committee
  3/31/2017HouseRule 19(a) / Re-referred to Rules Committee
  3/31/2017HouseHouse Committee Amendment No. 1 Rule 19(a) / Re-referred to Rules Committee

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