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2020 SESSION

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SB 831 Water utility or sewer utility asset acquisitions; fair market valuations.

Introduced by: Lynwood W. Lewis, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED SENATE: (all summaries)

Utility Transfers Act; water and sewer utilities; asset acquisitions. Directs the State Corporation Commission to establish rules governing fair market valuations of water utility or sewer utility asset acquisitions to determine the initial rate base for the purpose of post-acquisition rate recovery. Such rules shall identify information to be filed in addition to all other filing requirements in the Utility Transfers Act (§ 56-88 et seq.). This bill is identical to HB 835.

FULL TEXT

• 01/08/20  Senate: Prefiled and ordered printed; offered 01/08/20 20104994D  pdf | impact statement
• 02/03/20  Senate: Committee substitute printed 20107478D-S1  pdf | impact statement
• 03/05/20  Senate: Bill text as passed Senate and House (SB831ER)  pdf | impact statement
• 03/31/20  Governor: Acts of Assembly Chapter text (CHAP0519)  pdf

HISTORY

• 01/08/20  Senate: Prefiled and ordered printed; offered 01/08/20 20104994D
• 01/08/20  Senate: Referred to Committee on Commerce and Labor
• 02/03/20  Senate: Reported from Commerce and Labor with substitute (12-Y 0-N)
• 02/03/20  Senate: Committee substitute printed 20107478D-S1
• 02/03/20  Senate: Rereferred to Finance and Appropriations
• 02/06/20  Senate: Reported from Finance and Appropriations (16-Y 0-N)
• 02/10/20  Senate: Constitutional reading dispensed (36-Y 0-N)
• 02/11/20  Senate: Read second time
• 02/11/20  Senate: Reading of substitute waived
• 02/11/20  Senate: Committee substitute agreed to 20107478D-S1
• 02/11/20  Senate: Engrossed by Senate - committee substitute SB831S1
• 02/11/20  Senate: Constitutional reading dispensed (40-Y 0-N)
• 02/11/20  Senate: Passed Senate (39-Y 0-N)
• 02/11/20  Senate: Reconsideration of passage agreed to by Senate (40-Y 0-N)
• 02/11/20  Senate: Passed Senate (40-Y 0-N)
• 02/24/20  House: Placed on Calendar
• 02/24/20  House: Read first time
• 02/24/20  House: Referred to Committee on Labor and Commerce
• 02/25/20  House: Reported from Labor and Commerce (20-Y 0-N)
• 02/27/20  House: Read second time
• 02/28/20  House: Read third time
• 02/28/20  House: Passed House BLOCK VOTE (100-Y 0-N)
• 02/28/20  House: VOTE: Block Vote Passage (100-Y 0-N)
• 03/05/20  Senate: Enrolled
• 03/05/20  Senate: Bill text as passed Senate and House (SB831ER)
• 03/06/20  House: Signed by Speaker
• 03/07/20  Senate: Signed by President
• 03/12/20  Senate: Enrolled Bill Communicated to Governor on March 12, 2020
• 03/12/20  Governor: Governor's Action Deadline 11:59 p.m., April 11, 2020
• 03/31/20  Governor: Approved by Governor-Chapter 519 (effective 7/1/20)
• 03/31/20  Governor: Acts of Assembly Chapter text (CHAP0519)