Illinois Administrative Code
Title 83 - PUBLIC UTILITIES
Part 105 - LOW-INCOME HOUSEHOLD WATER ASSISTANCE PROGRAM
Section 105.40 - Sales and Leases and Other Transactions which need not be filed or approved
Current through Register Vol. 48, No. 12, March 22, 2024
a) Pursuant to Section 7-102 of the Act, and subject to the other provisions of this Part, the Commission hereby waives, as to all public utilities, the filing and necessity for approval of:
b) The foregoing waiver shall not apply to any sale, lease, easement, license or other transaction involving more than 10 percent of the assets of the public utility participating therein.
c) The foregoing waiver shall not apply to any such sale, lease, easement, license or other transaction by a public utility with its employees or their agents where the consideration therefor is more than $500 and not determined in the manner provided by 83 Ill. Adm. Code 310.70 or by Section 2-328 of the Uniform Commercial Code [810 ILCS 5/2-328 ] and Section 1 of the Auction Sales Sign Act [720 ILCS 225/1 ].