Rep. Lou Lang

Filed: 2/9/2016

 

 


 

 


 
09900SB0116ham001LRB099 06202 HLH 35642 a

1
AMENDMENT TO SENATE BILL 116

2    AMENDMENT NO. ______. Amend Senate Bill 116 on page 18, by
3replacing lines 10 through 13 with the following:
4"that county."; and
 
5by replacing everything from line 14 on page 18 through line 9
6on page 19 with the following:
7    "(c) Before entering into a contract or agreement as set
8forth in subsections (a) and (b) of this Section, a
9municipality or county must ensure that: (i) there are no
10delinquent taxes, special assessments, or water or sewer
11charges on the property; (ii) the amount of the assessment in
12relation to the greater of the assessed value of the property
13or the appraised value of the property, as determined by a
14licensed appraiser, does not exceed 25%; (iii) any existing
15mortgage holders have provided written consent; (iv) an
16assessment of the existing water or energy use and a modeling
17of expected monetary savings have been conducted for the

 

 

09900SB0116ham001- 2 -LRB099 06202 HLH 35642 a

1proposed project; (v) the contractors to be used are registered
2and have agreed to adhere to a set of terms and conditions
3through a process established by the municipality or county;
4(vi) the contractors to be used have signed a written
5acknowledgement that the municipality or county will not
6authorize payment to the contractor until the municipality or
7county has received written conformation from the property
8owner that the improvement was properly installed and is
9operating as intended; (vii) the term of the assessment does
10not exceed the useful life of the project paid for by the
11assessment, provided that projects that consist of multiple
12improvements with varying lengths of useful life shall have the
13lengths blended to determine an overall assessment term that
14does not exceed the useful life of the improvements in
15aggregate; and (viii) the property owner has signed a
16certification that the municipality or county has complied with
17the provisions of this subsection (c), which shall be
18conclusive evidence as to compliance with those provisions, but
19shall not relieve any contractor, municipality, or county from
20any potential liability."; and
 
21on page 19, line 21, after "Authority", by inserting "or to a
22third party"; and
 
23on page 19, line 24, after "Authority", by inserting "or to a
24third party".