State of Illinois
92nd General Assembly
Legislation

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92_HB2240

 
                                               LRB9205105JSpc

 1        AN ACT concerning utilities.

 2        Be  it  enacted  by  the People of the State of Illinois,
 3    represented in the General Assembly:

 4        Section  5.  The  Public  Utilities  Act  is  amended  by
 5    changing Section 8-208 as follows:

 6        (220 ILCS 5/8-208)
 7        Sec. 8-208.  (a) The  General  Assembly  finds  that  the
 8    availability  of  adequate  and,  affordable  housing bears a
 9    close relationship to  efficient  and  reliable  delivery  of
10    utility  services  and  that  the  lack of affordable housing
11    exacerbates  difficulties  in  the   delivery   of   electric
12    services.   It  is further found that the meeting of electric
13    public utility service obligations imposed under this Act can
14    be attained by allocating certain  resources  to  alleviating
15    housing  needs.   It  is  declared to be the public policy of
16    this State that prudent investments in  or  contributions  to
17    projects that foster the availability of adequate, affordable
18    housing furthers the goals and objectives of this Act.
19        (b)  Beginning  in  calendar  year  1994  and  continuing
20    through  calendar  year  2014,  a  public  utility  providing
21    electric  service  to  more  than 1,000,000 customers in this
22    State shall contribute, from  retained  earnings,  each  year
23    $500,000  to  the  Illinois  Affordable  Housing  Trust  Fund
24    created by the Illinois Affordable Housing Act.
25    (Source: P.A. 88-83; 88-653, eff. 1-1-95.)

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