HOUSE BILL No. 1035
DIGEST OF INTRODUCED BILL
Citations Affected: IC 8-1.5-3-9.2.
Synopsis: Nonjurisdictional municipal utilities. Legalizes and
validates the removal from the jurisdiction of the utility regulatory
commission (IURC) of an electric utility owned and operated by a
second class city that, before January 1, 2013, followed certain
statutory procedures to remove the electric utility from IURC
Effective: January 1, 2013 (retroactive).
January 7, 2013, read first time and referred to Committee on Utilities and Energy.
First Regular Session 118th General Assembly (2013)
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HOUSE BILL No. 1035
A BILL FOR AN ACT to amend the Indiana Code concerning
Be it enacted by the General Assembly of the State of Indiana:
SOURCE: IC 8-1.5-3-9.2; (13)IN1035.1.1. -->
SECTION 1. IC 8-1.5-3-9.2 IS ADDED TO THE INDIANA CODE
AS A NEW
SECTION TO READ AS FOLLOWS [EFFECTIVE
JANUARY 1, 2013 (RETROACTIVE)]: Sec. 9.2. (a) This section
applies to an electric utility owned and operated by a second class
city that, before January 1, 2013, follows the procedures set forth
in section 9.1 of this chapter to remove a utility from the
jurisdiction of the commission for the approval of rates and
charges and of the issuance of stocks, bonds, notes, or other
evidence of indebtedness.
(b) Notwithstanding section 9 of this chapter, the removal from
the jurisdiction of the commission for the approval of:
(1) rates and charges; and
(2) the issuance of stocks, bonds, notes, or other evidence of
of an electric utility described in subsection (a) is legalized and
(c) A municipally owned electric utility described in subsection
(b) is otherwise subject to the requirements of this chapter.
SOURCE: ; (13)IN1035.1.2. -->
SECTION 2. An emergency is declared for this act.