SB0116ham001 99TH GENERAL ASSEMBLY

Rep. Lou Lang

Filed: 2/9/2016

09900SB0116ham001 LRB099 06202 HLH 35642 a

AMENDMENT TO SENATE BILL 116

AMENDMENT NO. ______. Amend Senate Bill 116 on page 18, by replacing lines 10 through 13 with the following:

"that county."; and

by replacing everything from line 14 on page 18 through line 9 on page 19 with the following:

"(c) Before entering into a contract or agreement as set forth in subsections (a) and (b) of this Section, a municipality or county must ensure that: (i) there are no delinquent taxes, special assessments, or water or sewer charges on the property; (ii) the amount of the assessment in relation to the greater of the assessed value of the property or the appraised value of the property, as determined by a licensed appraiser, does not exceed 25%; (iii) any existing mortgage holders have provided written consent; (iv) an assessment of the existing water or energy use and a modeling of expected monetary savings have been conducted for the proposed project; (v) the contractors to be used are registered and have agreed to adhere to a set of terms and conditions through a process established by the municipality or county; (vi) the contractors to be used have signed a written acknowledgement that the municipality or county will not authorize payment to the contractor until the municipality or county has received written conformation from the property owner that the improvement was properly installed and is operating as intended; (vii) the term of the assessment does not exceed the useful life of the project paid for by the assessment, provided that projects that consist of multiple improvements with varying lengths of useful life shall have the lengths blended to determine an overall assessment term that does not exceed the useful life of the improvements in aggregate; and (viii) the property owner has signed a certification that the municipality or county has complied with the provisions of this subsection (c), which shall be conclusive evidence as to compliance with those provisions, but shall not relieve any contractor, municipality, or county from any potential liability."; and

on page 19, line 21, after "Authority", by inserting "or to a third party"; and

on page 19, line 24, after "Authority", by inserting "or to a third party".