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Bill > A3118
NJ A3118
NJ A3118Requires BPU to consider certain revenue-raising limitations when determining whether to approve increases in public utility rates, fares or charges that may be assessed to municipalities.
summary
Introduced
02/22/2016
02/22/2016
In Committee
02/22/2016
02/22/2016
Crossed Over
Passed
Dead
01/08/2018
01/08/2018
Introduced Session
2016-2017 Regular Session
Bill Summary
This bill amends R.S.48:2-21 to require the Board of Public Utilities to consider any limitations imposed on a municipality's revenue-raising ability pursuant to section 10 of P.L.2007, c.62 (C.40A:4-45.45), in arriving at any determination as to the justness and reasonableness of an increase in public utility rates, fares, or charges that may be assessed to one or more municipalities in this State.
AI Summary
This bill amends the existing law to require the Board of Public Utilities (BPU) to consider any limitations imposed on a municipality's revenue-raising ability when determining the justness and reasonableness of any increase in public utility rates, fares, or charges that may be assessed to one or more municipalities in the state. The bill also specifies that if the BPU approves such an increase, it must make a written finding of the facts, including a review of the limitations imposed on the municipality's revenue-raising ability, that formed the basis for its decision.
Committee Categories
Transportation and Infrastructure
Sponsors (1)
Last Action
Introduced, Referred to Assembly Telecommunications and Utilities Committee (on 02/22/2016)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| BillText | https://www.njleg.state.nj.us/2016/Bills/A3500/3118_I1.HTM |
| Bill | https://www.njleg.state.nj.us/2016/Bills/A3500/3118_I1.PDF |
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