96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010
HB5348

 

Introduced 2/5/2010, by Rep. Linda Chapa LaVia

 

SYNOPSIS AS INTRODUCED:
 
220 ILCS 5/9-246 new

    Amends the Public Utilities Act. Provides that a public utility may amortize the cost of installing, replacing, modifying, or maintaining its facilities across all customers in the State if the installation, removal, replacement, modification, or maintenance meets specified requirements. Effective immediately.


LRB096 16741 MJR 32034 b

 

 

A BILL FOR

 

HB5348 LRB096 16741 MJR 32034 b

1     AN ACT concerning utilities.
 
2     Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
 
4     Section 5. The Public Utilities Act is amended by adding
5 Section 9-246 as follows:
 
6     (220 ILCS 5/9-246 new)
7     Sec. 9-246. Amortization over all customers; facilities. A
8 public utility may amortize the cost of installing, replacing,
9 modifying, or maintaining its facilities across all customers
10 in the State if the installation, removal, replacement,
11 modification, or maintenance meets all of the following
12 requirements:
13         (1) the public utility's facility is located in an area
14     designated for economic redevelopment by a unit of local
15     government;
16         (2) the public utility's facility is located in an area
17     subject to tax increment financing;
18         (3) the public utility's facility is in an area that
19     qualifies as a transit-oriented development; and
20         (4) the public utility's facility is located in an area
21     that can be redeveloped in a manner that combats urban
22     sprawl.
 

 

 

HB5348 - 2 - LRB096 16741 MJR 32034 b

1     Section 99. Effective date. This Act takes effect upon
2 becoming law.