SB 625
Relating to responsibility of board of public service district that is being dissolved
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- Passed Senate
- Passed House of Delegates
- To Governor
- Became Law
Bill overview
This bill clarifies the responsibilities of a public service district board when the district is being dissolved, sold, or merged. Specifically, it requires the board to cooperate with the county commission in selling the district’s assets and executing necessary documents. If the county commission has already ordered the dissolution and received approval from the Public Service Commission, the board’s approval is not required. Proceeds from the sale will be distributed to contributors to the system and then to the county commission where the system is located.
Key provisions
- Requires the board of a dissolving public service district to cooperate with the county commission in asset sales.
- Mandates execution of necessary documents related to asset sales and transfers.
- Exempts the dissolving board from approval requirements if the county commission has already authorized dissolution and received PSC approval.
- Specifies how proceeds from the sale should be distributed: first to contributors, then to the county commission.
Who is affected
- Public Service Districts
- County Commissions
- Municipalities
- Privately-Owned Utility Systems
- Water, Sewer, Stormwater, and Gas System Contributors
Notable changes
- Adds a requirement for board cooperation with county commissions during dissolution and sale.
- Establishes a process for county commission approval before asset sales.
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