(220 ILCS 35/5) (from Ch. 111 2/3, par. 1005)
Sec. 5.
Interest Paid on Small Business Utility Deposits.
All utilities
shall pay interest on any and all deposits held by the utility on behalf
of a small business. The rate of interest to be paid on such deposits
will be determined by the Commission.
At the end of every year of service, if the deposit plus interest is not
refunded to the small business the utility shall automatically refund the
accrued interest on the deposit to the customer by crediting the small
business' account and so stating this credit clearly on the small
business' next regular bill.
(Source: P.A. 83-1343.)
|