Illinois General Assembly - Bill Status for SB1537

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

Date	Chamber	Action
2/9/2017	Senate	Filed with Secretary by Sen. Chuck Weaver
2/9/2017	Senate	First Reading
2/9/2017	Senate	Referred to Assignments
2/22/2017	Senate	Assigned to Environment and Conservation
3/2/2017	Senate	To Subcommittee on Water Related Issues
3/17/2017	Senate	Rule 2-10 Committee Deadline Established As April 7, 2017
4/7/2017	Senate	Rule 2-10 Committee Deadline Established As May 5, 2017
5/5/2017	Senate	Rule 3-9(a) / Re-referred to Assignments
1/9/2019	Senate	Session Sine Die

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