SB0692 97TH GENERAL ASSEMBLY

LRB097 04944 ASK 44984 b

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.

A BILL FOR

AN ACT concerning regulation.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The Public Utilities Act is amended by changing Section 15-301 as follows:

(220 ILCS 5/15-301)

Sec. 15-301. Records and accounts.

(a) Each common carrier by pipeline shall:

(1) Keep written accounts and and records of its revenues, expenses, contracts, and other activities subject to regulation under this Act in accordance with regulations prescribed by the Commission;

(2) Maintain, for a period of 3 years, copies of all accounts and records required by Commission regulations; and

(3) Make the accounts and records available for inspection, on request, by an authorized employee of the Commission.

(b) Accounts and records kept under this Section shall be kept at an office in the State of Illinois unless the Commission shall have authorized maintenance at a location outside of the State.

(Source: P.A. 89-42, eff. 1-1-96.)