Amendment SSA1-AB554

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MDK:wlj

2015 - 2016 LEGISLATURE

SENATE SUBSTITUTE AMENDMENT 1, TO ASSEMBLY BILL 554

January 26, 2016 - Offered by Senators C. Larson and Lassa.

AB554-SSA1,1,3 An Act to amend 66.0817 (intro.); and to create 66.0817 (8) of the statutes; relating to: prohibiting sales or leases of municipal water or sewer utilities to investor-owned utilities.

The people of the state of Wisconsin, represented in senate and assembly, do enact as follows:

AB554-SSA1,1 Section 1. 66.0817 (intro.) of the statutes is amended to read:

AB554-SSA1,1,7 66.0817 Sale or lease of municipal public utility plant. (intro.) A Except as provided in sub. (8), a town, village or city may sell or lease any complete public utility plant owned by it in the following manner:

AB554-SSA1,2 Section 2. 66.0817 (8) of the statutes is created to read:

AB554-SSA1,1,10 66.0817 (8) A town, village, or city may not sell or lease to an investor-owned public utility any plant or portion of a plant used to provide water or sewer service.

AB554-SSA1,3 Section 3. Initial applicability.

AB554-SSA1,2,3 (1) This act first applies to sales under contracts entered into on the effective date of this subsection and leases entered into, or extended, modified, or renewed, on the effective date of this subsection.

AB554-SSA1,2,4 (End)