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| | 97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
SB0692 Introduced 2/8/2011, by Sen. John J. Cullerton SYNOPSIS AS INTRODUCED:
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Amends the Public Utilities Act. Makes a technical change in a Section
relating to records and accounts of common carriers by pipeline.
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| | A BILL FOR |
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| | SB0692 | | LRB097 04944 ASK 44984 b |
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| 1 | | AN ACT concerning regulation.
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| 2 | | Be it enacted by the People of the State of Illinois, |
| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Public Utilities Act is amended by changing |
| 5 | | Section 15-301 as follows:
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| 6 | | (220 ILCS 5/15-301)
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| 7 | | Sec. 15-301. Records and accounts.
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| 8 | | (a) Each common carrier
by pipeline shall:
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| 9 | | (1) Keep written accounts and
and records of its
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| 10 | | revenues, expenses, contracts, and other activities
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| 11 | | subject to regulation under this Act in accordance with
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| 12 | | regulations prescribed by the Commission;
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| 13 | | (2) Maintain, for a period of 3 years, copies of
all |
| 14 | | accounts and records required by Commission
regulations; |
| 15 | | and
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| 16 | | (3) Make the accounts and records available for
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| 17 | | inspection, on request, by an authorized employee of the
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| 18 | | Commission.
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| 19 | | (b) Accounts and records kept under this
Section shall be |
| 20 | | kept at an office in the State of
Illinois unless the |
| 21 | | Commission shall have authorized
maintenance at a location |
| 22 | | outside of the State.
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| 23 | | (Source: P.A. 89-42, eff. 1-1-96.)
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