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2000 SESSION
SB 403 Powers of cooperatives.
Introduced by: Malfourd W. Trumbo | all patrons ... notes | add to my profiles
SUMMARY AS PASSED: (all summaries)
Powers of cooperatives. Prohibits utility consumer services cooperatives and utility aggregation cooperatives, and their affiliates, from engaging on a not-for-profit basis in business activities (other than regulated electric utility services, unregulated sales of electric power to its members within its certificated service territory, and traditional cooperative activities), unless such business activity is not currently provided by any person other than a cooperative. The State Corporation Commission must first determine that (i) no other person is likely to provide the products or services within a reasonable time or (ii) the co-op's affiliate will not receive the benefit of any federal tax exemption that is not available to persons other than cooperatives and will not receive the benefit of federally guaranteed or subsidized financing not available to non-cooperatives. These restrictions do not apply to the business activities of a cooperative or its affiliate in operation on or before July 1, 1999.
FULL TEXT
- 01/21/00 Senate: Presented & ordered printed 003301548 pdf
- 02/07/00 Senate: Committee substitute printed 003369548-S1 pdf
- 03/13/00 Senate: Bill text as passed Senate and House (SB403ER) pdf
- 05/05/00 Governor: Acts of Assembly Chapter text (CHAP0989) pdf
AMENDMENTS
HISTORY
- 01/21/00 Senate: Presented & ordered printed 003301548
- 01/21/00 Senate: Referred to Committee on Commerce and Labor
- 02/07/00 Senate: Reported from C. & L. with substitute (14-Y 0-N)
- 02/07/00 Senate: Committee substitute printed 003369548-S1
- 02/08/00 Senate: Constitutional reading dispensed (39-Y 0-N)
- 02/08/00 Senate: VOTE: CONST. RDG. DISPENSED R (39-Y 0-N)
- 02/09/00 Senate: Read second time
- 02/09/00 Senate: Reading of substitute waived
- 02/09/00 Senate: Committee substitute agreed to 003369548-S1
- 02/09/00 Senate: Engrossed by Senate - comm. sub. 003369548-S1
- 02/10/00 Senate: Read third time and passed Senate (39-Y 0-N)
- 02/10/00 Senate: VOTE: PASSAGE R (39-Y 0-N)
- 02/10/00 Senate: Rec. of passage agreed to by Senate (39-Y 0-N)
- 02/10/00 Senate: VOTE: RECONSIDER R (39-Y 0-N)
- 02/10/00 Senate: Passed Senate (39-Y 0-N)
- 02/10/00 Senate: VOTE: PASSAGE R (39-Y 0-N)
- 02/10/00 Senate: Communicated to House
- 02/14/00 House: Placed on Calendar
- 02/14/00 House: Read first time
- 02/14/00 House: Referred to Committee on Corporations, Insurance and Banking
- 02/22/00 House: Reported from C. I. B. w/amds (25-Y 0-N)
- 02/23/00 House: Read second time
- 02/24/00 House: Passed by for the day
- 02/25/00 House: Read third time
- 02/25/00 House: Committee amendments agreed to
- 02/25/00 House: Engrossed by House as amended
- 02/25/00 House: Passed House with amendments (Block Vote) (96-Y 0-N)
- 02/25/00 House: VOTE: BLOCK VOTE PASSAGE (96-Y 0-N)
- 02/25/00 House: Reconsideration of House passage agreed to by House
- 02/25/00 House: Passed House with amendments (Block Vote) (99-Y 0-N)
- 02/25/00 House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
- 02/29/00 Senate: Reading of amendments waived
- 02/29/00 Senate: House amendments agreed to by Senate (38-Y 0-N)
- 02/29/00 Senate: VOTE: CONCUR HOUSE AMENDMENT (38-Y 0-N)
- 03/13/00 Senate: Bill text as passed Senate and House (SB403ER)
- 03/16/00 Senate: Enrolled
- 03/16/00 House: Signed by Speaker
- 03/17/00 Senate: Signed by President
- 04/09/00 Governor: Approved by Governor-Chapter 989 (effective 7/1/00)
- 05/05/00 Governor: Acts of Assembly Chapter text (CHAP0989)