Illinois House Bill 463 (Prior Session Legislation)

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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]

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.

UTILITIES-WATER ASSETS PRICING

Rep. Ryan Spain [R]

Date	Chamber	Action
2019-01-08	House	Session Sine Die
2017-03-31	House	House Committee Amendment No. 1 Rule 19(a) / Re-referred to Rules Committee
2017-03-31	House	Rule 19(a) / Re-referred to Rules Committee
2017-03-13	House	House Committee Amendment No. 1 Rules Refers to Public Utilities Committee
2017-03-09	House	House Committee Amendment No. 1 Referred to Rules Committee
2017-03-09	House	House Committee Amendment No. 1 Filed with Clerk by Rep. Ryan Spain
2017-02-02	House	Assigned to Public Utilities Committee
2017-01-17	House	Referred to Rules Committee
2017-01-17	House	First Reading
2017-01-17	House	Filed with the Clerk by Rep. Ryan Spain

Chapter	Article	Section	Citation Type	Statute Text
220	5	5-119	New Code	See Bill Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=463&GAID=14&DocTypeID=HB&SessionID=91&GA=100
Text	https://www.ilga.gov/legislation/100/HB/10000HB0463.htm
Amendment	https://www.ilga.gov/legislation/100/HB/10000HB0463ham001.htm