HB5413 93RD GENERAL ASSEMBLY

LRB093 17309 AMC 42975 b

93RD GENERAL ASSEMBLY
State of Illinois
2003 and 2004
HB5413

Introduced 02/06/04, by Michael J. Madigan

SYNOPSIS AS INTRODUCED:

220 ILCS 30/3.4

from Ch. 111 2/3, par. 403.4

Amends the Electric Supplier Act. Adds a caption to a Section concerning electric cooperatives.

A BILL FOR

AN ACT concerning public utilities.

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

Section 5. The Electric Supplier Act is amended by changing Section 3.4 as follows:

(220 ILCS 30/3.4) (from Ch. 111 2/3, par. 403.4)

Sec. 3.4. Electric cooperative. "Electric Cooperative" means (a) any not-for-profit corporation or other person that owns, controls, operates or manages, directly or indirectly, within this State, any plant, equipment or property for the production, transmission, sale, delivery or furnishing of electricity and (b) that either is or has been financed in whole or in part under the federal "Rural Electrification Act of 1936" and the Acts amendatory thereof and supplementary thereto, or is directly or indirectly caused to be formed by any one or more such not-for-profit corporations or other persons that is or has been so financed.

(Source: Laws 1965, p. 1206.)