Infrastructure acquisition agreements.

Authors: Representative Mara Candelaria Reardon

Digest

Provides that a unit that invests in and develops utility infrastructure may, as a condition of transferring ownership of the infrastructure to a public utility, require the public utility to enter into an infrastructure acquisition agreement with the unit. Provides that the terms of an agreement must provide for: (1) compensation; (2) maintenance; and (3) rights and remedies upon violation of the agreement.