220 ILCS 35/1
Title
Title. This Act shall be known and may be cited as the "Small Business Utility Deposit Relief Act". (Source: P.A. 83-1343.)
Illinois Compiled Statutes 220 ILCS 35 — Small Business Utility Deposit Relief Act.
Illinois · statute · 220 ILCS 35 · 9 active provisions
220 ILCS 35/2
Definitions
Definitions. For the purposes of this Act: (a) "Commission" means the Illinois Commerce Commission. (b) "Small business" or "applicant" means any Illinois based business which has 50 or less full-time employees in the State. (c) "Customer" means a small business, as herein defined, which has agreed with a utility to pa…
220 ILCS 35/3
Utility Deposits required of Small Businesses
Utility Deposits required of Small Businesses. No utility supplier which provides utility service shall request a deposit from any small business, for any reason, in excess of 1/6 of the estimated annual charges for service for that small business computed at the net rate for that class of service. A utility may reques…
220 ILCS 35/4
Refunds of Small Business Utility Deposits
Refunds of Small Business Utility Deposits. Deposits plus interest shall be automatically refunded to the payor after being held for 12 months according to the following: (a) if the 12 months during which the deposit was held are within the first 24 months that a small business has received utility service, the deposit…
220 ILCS 35/5
Interest Paid on Small Business Utility Deposits
Interest Paid on Small Business Utility Deposits. All utilities shall pay interest on any and all deposits held by the utility on behalf of a small business. The rate of interest to be paid on such deposits will be determined by the Commission. At the end of every year of service, if the deposit plus interest is not re…
220 ILCS 35/6
Record of Utility Deposit
Record of Utility Deposit. A utility shall maintain records of deposits together with interest, which collectively will show all transactions pertaining to each deposit. A utility shall provide the applicant with a Certificate of Deposit for any deposit received. The Certificate shall show the applicant's name, service…
220 ILCS 35/7
Nothing in this Act shall affect in any way the current or future Commission policy, rule, or order governing deposits collected from residential utility users by a utility
Nothing in this Act shall affect in any way the current or future Commission policy, rule, or order governing deposits collected from residential utility users by a utility. (Source: P.A. 83-1343.)
220 ILCS 35/8
The Commission shall administer this Act and is authorized to promulgate rules or issue orders it deems necessary for the administration of this Act
The Commission shall administer this Act and is authorized to promulgate rules or issue orders it deems necessary for the administration of this Act. (Source: P.A. 83-1343.)
220 ILCS 35/9
Effective date
Effective date. This Act shall take effect upon its becoming law and shall apply to all utility deposits collected from small businesses after the effective date of this Act. (Source: P.A. 83-1343.)