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Rep. Lou Lang
Filed: 2/9/2016
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1 | | AMENDMENT TO SENATE BILL 116
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2 | | AMENDMENT NO. ______. Amend Senate Bill 116 on page 18, by |
3 | | replacing lines 10 through 13 with the following:
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4 | | " that county. "; and |
5 | | by replacing everything from line 14 on page 18 through line 9 |
6 | | on page 19 with the following: |
7 | | " (c) Before entering into a contract or agreement as set |
8 | | forth in subsections (a) and (b) of this Section, a |
9 | | municipality or county must ensure that: (i) there are no |
10 | | delinquent taxes, special assessments, or water or sewer |
11 | | charges on the property; (ii) the amount of the assessment in |
12 | | relation to the greater of the assessed value of the property |
13 | | or the appraised value of the property, as determined by a |
14 | | licensed appraiser, does not exceed 25%; (iii) any existing |
15 | | mortgage holders have provided written consent; (iv) an |
16 | | assessment of the existing water or energy use and a modeling |
17 | | of expected monetary savings have been conducted for the |
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| | 09900SB0116ham001 | - 2 - | LRB099 06202 HLH 35642 a |
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1 | | proposed project; (v) the contractors to be used are registered |
2 | | and have agreed to adhere to a set of terms and conditions |
3 | | through a process established by the municipality or county; |
4 | | (vi) the contractors to be used have signed a written |
5 | | acknowledgement that the municipality or county will not |
6 | | authorize payment to the contractor until the municipality or |
7 | | county has received written conformation from the property |
8 | | owner that the improvement was properly installed and is |
9 | | operating as intended; (vii) the term of the assessment does |
10 | | not exceed the useful life of the project paid for by the |
11 | | assessment, provided that projects that consist of multiple |
12 | | improvements with varying lengths of useful life shall have the |
13 | | lengths blended to determine an overall assessment term that |
14 | | does not exceed the useful life of the improvements in |
15 | | aggregate; and (viii) the property owner has signed a |
16 | | certification that the municipality or county has complied with |
17 | | the provisions of this subsection (c), which shall be |
18 | | conclusive evidence as to compliance with those provisions, but |
19 | | shall not relieve any contractor, municipality, or county from |
20 | | any potential liability. "; and |
21 | | on page 19, line 21, after " Authority ", by inserting " or to a |
22 | | third party "; and |
23 | | on page 19, line 24, after " Authority ", by inserting " or to a |
24 | | third party ".
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