IL HB5008 | 2017-2018 | 100th General Assembly
Status
Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on January 8 2019 - 100% progression
Action: 2019-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on January 8 2019 - 100% progression
Action: 2019-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Public Utilities Act. Adds provisions concerning pricing of water assets, meaning a for profit 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.
Title
UTILITIES-WATER ASSETS PRICING
Sponsors
Rep. Ryan Spain [R] |
History
Date | Chamber | Action |
---|---|---|
2019-01-08 | House | Session Sine Die |
2018-05-10 | House | Motion Withdrawn Rep. Ryan Spain |
2018-04-13 | House | Rule 19(a) / Re-referred to Rules Committee |
2018-04-12 | House | Remains in Public Utilities Committee |
2018-04-12 | House | Recommends Do Pass Subcommittee/ Public Utilities Committee; 001-002-000; -FAILED |
2018-04-12 | House | Motion to Suspend Rule 21 - Prevailed |
2018-04-12 | House | Motion Filed to Suspend Rule 21 Public Utilities Committee; Rep. Barbara Flynn Currie |
2018-04-10 | House | Motion Filed to Discharge Committee Public Utilities Committee; Rep. Ryan Spain |
2018-04-02 | House | To Regulatory Matters Subcommittee |
2018-03-05 | House | Assigned to Public Utilities Committee |
2018-02-14 | House | Referred to Rules Committee |
2018-02-14 | House | First Reading |
2018-02-14 | House | Filed with the Clerk by Rep. Ryan Spain |
Code Citations
Illinois State Sources
Type | Source |
---|---|
Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=5008&GAID=14&DocTypeID=HB&SessionID=91&GA=100 |
Text | https://www.ilga.gov/legislation/100/HB/10000HB5008.htm |