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| | 09900SB0544sam002 | - 2 - | LRB099 03295 MGM 34652 a |
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1 | | boundaries of the municipality immediately before the nuclear |
2 | | facility ceased to generate electricity. The nuclear storage |
3 | | impact fee can only be applied prospectively on or after the |
4 | | effective date of this amendatory Act of the 99th General |
5 | | Assembly and cannot be applied retroactively to the date that |
6 | | the nuclear facility ceased operations. |
7 | | (c) In any calendar year, the nuclear storage impact fee |
8 | | shall not exceed 25% of the average annual amount of property |
9 | | taxes paid to the municipality by the entity that operated the |
10 | | nuclear facility during the last 5 years that the nuclear |
11 | | facility was operational. |
12 | | (d) The municipality shall conduct a public hearing before |
13 | | imposing the nuclear storage impact fees permitted under this |
14 | | Section. The hearing shall be held within the boundaries of the |
15 | | municipality. Notice of the time, place, and purpose of the |
16 | | hearing shall be given at least 10 days before the date of the |
17 | | hearing. |
18 | | (e) The revenue collected under this Section shall be used |
19 | | to offset property taxes for owners of property within the |
20 | | boundaries of the municipality. |
21 | | (f) No sale, assignment, lease, or decommissioning |
22 | | agreement that was executed after a nuclear facility ceased |
23 | | generating electricity and before the effective date of this |
24 | | amendatory Act of the 99th General Assembly shall assign or |
25 | | transfer the obligation to pay any nuclear storage impact fee |
26 | | imposed pursuant to this Section. ".
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