2016 -- S 3033

========

LC006012

========

     STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2016

____________

A N   A C T

RELATING TO PUBLIC UTILITIES AND CARRIERS - NEW SHOREHAM UTILITY

ASSOCIATION ACT OF 2016

     Introduced By: Senator V. Susan Sosnowski

     Date Introduced: May 19, 2016

     Referred To: Senate Commerce

     It is enacted by the General Assembly as follows:

     SECTION 1. Title 39 of the General Laws entitled "PUBLIC UTILITIES AND

CARRIERS" is hereby amended by adding thereto the following chapter:

CHAPTER 32

NEW SHOREHAM UTILITY ASSOCIATION ACT OF 2016

     39-32-1. Short title. -- This act shall be known and may be cited as the "New Shoreham

Utility Association Act of 2016".

     39-32-2. Declaration of policy. -- (1) The town of New Shoreham desires to purchase

the shares of the Block Island Power Company. If such a transaction is consummated, the town of

New Shoreham desires to transfer the Block Island Power Company to a nonprofit entity that will

be governed by a utility board elected by the electric ratepayers.

     (2) The general assembly finds that if the town of New Shoreham gains ownership of the

Block Island Power Company, it is in the public interest to create a nonprofit successor

organization governed by an elected board to operate the electric distribution company and any

remaining generation assets.

     (3) The general assembly finds that the electors of the town of New Shoreham shall vote

on the form of nonprofit entity and declare that following the acquisition of the Block Island

Power Company, the town of New Shoreham is authorized to transfer the acquired shares and the

assets of the Block Island Power Company to a nonprofit entity chosen by the electors of the

town of New Shoreham as set forth in this chapter.

     39-32-3. Definitions. -- Terms used in this chapter shall be construed as follows, unless

another meaning is expressed or is clearly apparent from the language or context:

     (1) "Date of approval" means the date of certification of the results of a referendum in

which the electors of the town of New Shoreham choose the form of the utility association, being

either a utility cooperative or a utility district.

     (2) "Qualified elector" means any person whose name appears on an active account with

the utility association.

     (3) "Utility association" means either a utility cooperative or utility district on and after

the date of approval and filing of articles of incorporation, if necessary, whichever is later. The

name of the utility association shall be the New Shoreham Utility Association.

     (4) "Utility assets" means that real property, personal property, rights in any real and

personal property, facilities, equipment, contract rights, statutory rights and privileges, franchises

and other tangible or intangible property of any kind whatever used in, or useful to, the conduct

of the utility operations conducted by the Block Island Power Company and after the date of

approval, by the utility association.

     (5) "Utility cooperative" means a nonprofit corporation organized under the laws of the

state of Rhode Island whose purpose is to act as an electric distribution company, water/sewer

supplier, Internet provider, or telecommunications provider within the utility service area.

     (6) "Utility debt obligations" means the obligations represented by and inherent in any

debt incurred by the Block Island Power Company for the purpose of financing any aspect of its

electric system or operations, which obligations remain outstanding in any part as of the date of

approval.

     (7) "Utility district" means a quasi-municipal corporation, district and political

subdivision of the town established and empowered by this chapter to:

     (i) Succeed to and fulfill the functions, powers, rights, property and obligations

heretofore held and fulfilled by the Block Island Power Company;

     (ii) Exercise certain additional powers as an electric distribution company and as a

generator of electricity for retail sale within the utility service area, if authorized by a waiver

under §39-1-27(g); and

     (iii) To provide additional utility services not inconsistent with the duties, powers and

obligations of the utility association as defined in this section, including acting as a water

supplier, Internet provider, or telecommunications provider within the utility service area.

     (8) "Utility service area" means that geographic area located within the boundaries of the

LC006012 - Page 2 of 12

town of New Shoreham.

     39-32-4. Statement of purpose. -- This chapter is intended to:

     (1) Establish the New Shoreham Utility Association as the successor to the utility

functions fulfilled prior to the date of approval by the Block Island Power Company;

     (2) Provide for the orderly separation and transfer of those utility functions and related

utility assets and utility debt obligations (without impairment thereof) from the Block Island

Power Company to the utility district; and

     (3) Authorize and enable the utility district to provide such other utility products and

services as may be authorized from time to time by the utility district's board of utility

commissioners.

     39-32-5. New Shoreham utility association established. -- (a) The town of New

Shoreham shall conduct an election to present the question to the electors of the town of New

Shoreham whether to create a utility district or utility cooperative, which question shall be

decided by the majority of electors who cast a vote.

     (b) If the electors choose a utility district, then effective on the date of approval, there is

hereby created a quasi-municipal corporation, district and political subdivision of the town, to be

known as the New Shoreham Utility Association, the boundaries of which shall be coterminous

with the boundaries of the utility service area of the Block Island Power Company, as established

under the act passed at the January session A, D, 1925, entitled "An Act to Incorporate the Island

Light and Power Company" as thereafter amended and supplemented from time to time and such

other areas as provided for by this chapter. The utility district shall, upon the date of approval,

have and succeed to the utility powers and functions heretofore held and exercised by the Block

Island Power Company, and shall further have and be entitled to exercise the additional powers,

rights and functions set forth in this chapter.

     (c) If the electors choose a utility cooperative, then effective on the date of approval, the

general assembly authorizes the creation of a nonprofit corporation, to be organized under the

laws of the state of Rhode Island, to be known as the New Shoreham Utility Association, the

boundaries of which shall be coterminous with the boundaries of the utility service area of the

Block Island Power Company, as established under the act passed at the January session A.D.

1925, entitled "An Act to Incorporate the Island Light and Power Company" as thereafter

amended and supplemented from time to time and such other areas as provided for by this

chapter. The utility cooperative shall, upon the date of approval, have and succeed to the utility

powers and functions heretofore held and exercised by the Block Island Power Company, and

shall further have and be entitled to exercise the additional powers, rights and functions set forth

LC006012 - Page 3 of 12

in this chapter.

     39-32-6. Board of utility commissioners of the town of New Shoreham utility

association established. -- There is hereby created a board to be known as the board of utility

commissioners of the town of New Shoreham Utility Association. The powers of the utility

association as set forth in this chapter, or conferred on the utility association by operation of this

chapter, shall be vested in and exercised by a majority of the members of the board of utility

commissioners then in office; provided, however, that the board of utility commissioners in its

discretion may delegate executive functions to general managers, by resolution, rule or otherwise.

     39-32-7. Membership of board of commissioners. -- (a) The board of utility

commissioners shall consist of five (5) members. Three (3) members of the board shall constitute

a quorum and a vote of three (3) members shall be necessary for all action taken by the board. No

vacancy in the membership of the board shall impair the right of a quorum to exercise all the

rights and perform all the duties of the board. The initial members of the board of utility

commissioners shall be elected, but two (2) shall be elected for a term of two (2) years and three

(3) for a term of four (4) years. Thereafter, the members of the board of utility commissioners of

the New Shoreham Utility Association shall be elected for a term of four (4) years by ballot of

qualified electors.

     (b) The members of the board of utility commissioners, moderator or clerk shall be a

resident, taxpayer, ratepayer or spouse of a ratepayer, or the beneficial owner of a ratepayer.

Such residents, ratepayers and spouse, or beneficial owner of a ratepayer shall be eligible to be a

candidate for election to any one of the above offices; provided, however, that they shall first

have filed a declaration of candidacy with the secretary of the board of utility commissioners not

later than thirty (30) calendar days prior to the scheduled date of the election through which such

person seeks to be elected. In the event of a vacancy occurring on the board of utility

commissioners, moderator or clerk by reason of death, resignation or other cause, the board itself

may select an eligible candidate to fill the vacancy until the next annual election.

     (c) The board of utility commissioners shall elect each year from among its members:

(1) A chairperson, who shall chair and moderate meetings of the board of utility

commissioners and shall execute such other authorities and duties as the board may provide;

(2) A vice chairperson who shall assume all duties of the chairperson in the chairperson's

absence; and

     (3) A secretary, who shall maintain minutes of the meetings of the board of utility

commissioners, provide notice of the meetings in accordance with law, and shall have such other

duties as the board of utility commissioners may determine. The board of utility commissioners

LC006012 - Page 4 of 12

shall appoint a treasurer, who may be a member of the board or a general or special employee of

the utility district, and who shall have charge and control of the money and deposits of the utility

district.

     (d) The board of utility commissioners shall establish and adopt bylaws for the

management and conduct of the utility district's affairs, and other aspects of the governance of the

utility district not otherwise controlled by this chapter. Pending the adoption of the bylaws, the

board of utility commissioners shall be deemed to have adopted, and shall conduct the board's

business in accordance with, the existing bylaws of the Block Island Power Company.

     (e) In order to ensure that the status of the utility district as a quasi-municipal corporation,

district and political subdivision of the state does not prejudice its ability to contribute to the

development of effective competition in the electricity and communications industries in the

state, it is specifically found and determined that:

     (1) Strategic business planning records of the utility district (including without limitation

business plans, draft contracts, proposals, financial analyses and other similar documents) shall

not be subject to the disclosure requirements of chapter 2 of title 38 unless the same materials in

comparable circumstances in the hands of an investor-owned utility would be subject to

disclosure under other laws of the state; and

     (2) Strategic business planning discussions of the board of utility commissioners,

including such discussions with utility district employees or consultants, are deemed to fall within

the circumstances defined in §42-46-5(a)(7).

     39-32-8. Compensation of the board - Employees of the utility association. -- (a) Each

member of the board of utility commission shall be entitled to receive compensation and

reimbursement of actual and necessary expenses incurred in the performance of their official

duties at levels subject to approval by a vote of the qualified electorate. The salaries,

compensation and expenses of all members and officers of the board, and all employees and

agents of the utility district, shall be paid solely out of funds of the utility district.

     (b) The board shall appoint general managers and may enter into employment contracts

with its executive employees. The board shall have the authority to approve employee benefit

plans, including fringe benefits such as including, but not limited to, pension and health and

disability and other insurances.

     (c) No member of the board of utility commissioners shall directly or indirectly engage or

participate in the proceeds of any contract or agreement to supply anything of value or receive

anything of value from the utility district. The prohibition set forth in this subsection may be

waived by a vote of three (3) members of the board of utility commissioners, if and only if the

LC006012 - Page 5 of 12

board of utility commissioners shall have first obtained an opinion of the attorney general and/or

the Rhode Island ethics commission based on full disclosure of all relevant facts that the waiver

does not contravene state law and is otherwise in the best interests of the consumers served by the

utility district.

     39-32-9. Powers of the utility association. -- (a) The power of the utility association

shall include the following:

     (1) To acquire real or personal property and tangible or intangible personal property by

voluntary purchase from the owner or owners of the property, and to the extent that the board of

utility commissioners deems it advisable, to acquire property held by a corporation through

acquisition of the stock of the corporation and dissolution of the corporation;

     (2) To acquire real property, fixtures and rights and interests in real property within its

utility service area by eminent domain, subject to the supervision of the public utilities

commission in the manner prescribed in §39-1-31;

     (3) To own, operate, maintain, repair, improve, enlarge and extend, in accordance with

the provisions of this chapter, any property acquired under this section all of which, together with

the acquisition of the property, are hereby declared to be public purposes;

     (4) To produce, purchase, acquire, distribute and sell water products and sewer services

and electricity at wholesale or retail within or without its utility service area subject to franchise

rights of other utilities; to lay down, construct, own, operate, maintain, repair and improve mains,

pipes, wells, towers and other equipment and facilities necessary, appropriate or useful for those

purposes; and to contract with others for any or all of the foregoing purposes;

     (5) To produce, buy, sell and trade electric capability, power or energy products or

services at wholesale or retail; to purchase for its own use or for resale electric transmission

service and ancillary services; and to engage in any other transaction with respect to electricity or

electricity products that was heretofore authorized for the Block Island Power Company

(including participation in electric generating facilities as authorized by chapter 20 of title 39);

provided, that the utility district shall operate and be subject to regulation of its retail rates for

electricity under title 39 when operating within its utility service area;

     (6) To acquire, own, lease, operate, maintain, repair and expand facilities and equipment

necessary, appropriate or useful to the operation of other utilities, including, but not limited to,

communications services such as Internet service, high speed data transfer, local and long

distance telephone service, community antenna television service, water products and sewer

services and to engage in the operation of such utilities;

     (7) To sue and be sued;

LC006012 - Page 6 of 12

     (8) To adopt and alter a corporate seal;

     (9) To acquire, hold, use, lease, sell, transfer, assign or otherwise dispose of any property,

real, personal or mixed, or any interest therein for its corporate purposes, and to mortgage, pledge

or lease any such property;

     (10) To make and adopt bylaws for the management and regulation of its affairs;

     (11) To borrow money for any of the purposes or powers granted to it under or by

operation of this chapter, including the creation and maintenance of working capital, and to issue

negotiable bonds, notes or other obligations, to fund or refund the same, and to secure the

obligation of such bond, notes or other obligations in any case by pledge of or security interest in

the revenues and property of the utility district.

     (12) To fix rates (subject to the requirements of title 39 in the case of retail electric rates

within its utility service area) and collect charges for the use of the facilities or services rendered

by or any commodities furnished by the utility district;

     (13) To contract in its own name for any lawful purpose which would effectuate the

purposes and provisions of this chapter; to execute all instruments necessary to carry out the

purposes of this chapter; and to do all things necessary or convenient to carry into effect and

operation the powers granted by this chapter; and

     39-32-10. Limitation of powers. -- All services provided by the utility association that

constitute public utility services within the meaning of §39-1-2(20) or community antennae

television systems (CATV) services within the meaning of §39-19-1 shall be subject to the

applicable jurisdictions of the public utilities commission and the division of public utilities and

carriers.

     39-32-11. Separation of utility assets. -- Within eighteen (18) months of acquisition by

the town of New Shoreham, ownership of the utility assets previously titled to, or otherwise

owned or controlled by, the Block Island Power Company shall be transferred to the utility

association, subject to any security interest of record relating to such utility assets, which security

interests, if any, shall remain in full force and effect and be unimpaired by the transfer of

ownership of the utility assets.

     39-32-12. Succession of utility district to certain obligations of Block Island power

company. -- Upon the date of transfer, the utility association shall:

     (1) Succeed to and become subject to the utility debt obligations heretofore imposed by

any security interest or trust instrument upon the Block Island Power Company; and

     (2) Succeed to the precise position of Block Island Power Company, without any waiver

or augmentation of that position whatsoever, as to each Block Island Power Company, that

LC006012 - Page 7 of 12

position to include such rights, claims or defenses as Block Island Power Company may have had

prior to the date of transfer with respect to any obligation of any such contract.

     39-32-13. Bonds. -- (a) The utility association shall have the power and is hereby

authorized from time to time to issue its negotiable bonds for any of its corporate or association

purposes and to secure the payment of the bonds in such manner and by such means as may be

provided in the resolution or resolutions of the utility association authorizing the bonds, subject to

the regulatory jurisdiction of the division of public utilities and carriers in the manner prescribed

in §39-3-15, where applicable.

     (b) The utility association is specifically authorized to secure bonds that it may issue from

time to time by a pledge of, or creation of other security interest in, the revenues of the utility

association, which pledge or security interest may be enforceable by the grant of a conditional

franchise, in the event of default in the payment of the bonds, entitling the secured party or trustee

to enter upon and take control of the utility association's facilities and service and to provide

utility service and receive the revenues from the utility association's facilities and service for such

period, not exceeding twenty (20) years, as may be necessary to recover all payments due on the

bonds.

     (c) The bonds of the utility association shall be authorized by resolution of the board of

utility commissioners. The bonds shall bear such date or dates, mature at such time or times not

exceeding forty (40) years from their issuance, bear interest at such rate or rates payable at such

time or times, be in such denominations and in such form, carry such registration privileges, be

executed in such manner, be payable in such medium of payment, at such place or places and

such time or times and be subject to redemption at such premium, if required, and on such terms,

as the resolution may provide. The bonds so authorized and issued pursuant to this chapter may

be sold at public or private sale for any price or prices that the utility association shall determine.

     (d) Pending the issuance of bonds in definitive form, the utility association may issue

bond anticipation notes or interim receipts in such form as the board of utility commissioners may

elect.

     (e) The utility association is hereby authorized to provide for the issuance of refunding

bonds of the utility association for the purpose of refunding any bonds then outstanding which

shall have been issued under the provisions of this chapter, including the payment of any

redemption premium on the bonds or interest accrued or to accrue to the earliest or subsequent

date of redemption, purchase or maturity of the bonds and, if deemed advisable by the utility

association, for the additional purpose of paying all or a part of the cost of acquiring,

constructing, reconstructing, rehabilitating, or improving any property, facilities or systems or

LC006012 - Page 8 of 12

parts of property facilities or systems of the utility association. The proceeds of bond or notes

issued for the purpose of refunding outstanding bonds or notes may be applied, in the discretion

of the utility association, to the purchase, retirement at maturity or redemption of outstanding

bonds or notes either on their earliest or a subsequent redemption date and may, pending that

application, be placed in escrow in the same manner and through the same means as are generally

available to and incumbent upon political subdivisions of the state.

     (f) It is hereby declared that the utility association and the carrying out of its corporate,

association and political subdivision purposes is in all respects for the benefit of the people of the

state and for the improvement of their health, welfare and prosperity, and the utility association

will be performing an essential governmental function in the exercise of the powers conferred by

this chapter. The state therefore covenants with the holders of the utility association's bonds that

the utility association shall not be required to pay taxes or payments in lieu of taxes to the state or

any other political subdivision of the state upon any property of the utility association or under its

jurisdiction, control or supervision, or upon any of the utility association's activities in the

operation or maintenance of the property or upon any earnings, revenues, moneys or other income

derived by the utility association, and that the bonds of the utility association and the income

from the bonds shall at all times be exempt from taxation by the state and its political

subdivisions. Notwithstanding the foregoing, nothing in this section shall be deemed to prohibit

the division of public utilities and carriers, the public utilities commission and the department of

the attorney general from assessing the utility in accordance with the provisions of §§39-1-23, 39-1-26

39-1-26, 39-19-9, and 39-19-14.

     (g) The state does hereby pledge to and agree with the holders of the bonds, notes or

other indebtedness of the utility association that the state will not limit or alter the rights vested in

the utility association until the bonds, notes or other evidence of indebtedness, together with the

interest on the debt, are fully met and discharged.

     (h) Any resolution or resolutions authorizing any bond, or any issue of bonds, may

contain provisions which shall be a part of the contract with the bondholders of the bonds thereby

authorized, as to:

     (1) Pledging all or any part of the money, earnings, income, and revenues derived from

all or any part of the property of the utility association to secure the payment of any bonds or of

any issue of bonds subject to such agreements with bondholders as may then exist;

     (2) The rates to be fixed and the charges to be collected and the amounts to be raised in

each year and the use and disposition of the earnings and other revenue;

     (3) The setting aside of reserves and the creation of sinking funds and the regulation and

LC006012 - Page 9 of 12

disposition thereof;

     (4) Limitations on the right of the utility association to restrict and regulate the use of the

properties in connection with which the bonds are issued;

     (5) Limitations on the purposes to which the proceeds of sale of any issue of bonds may

be put;

     (6) Limitations on the issuance of additional bonds, including refunding bonds and the

terms upon which additional bonds may be issued and secured;

     (7) The procedure, if any, by which the terms of any contract with bondholders may be

amended or abrogated, the percentage of bondholders whose consent shall be required for such

amendment or abrogation, and the manner in which consent may be given;

     (8) The creation of special funds into which any earnings or revenues of the utility

association may be deposited, and the investment of the funds;

     (9) The appointment of a fiscal agent and the determination of its powers and duties;

     (10) Limitations on the power of the utility association to sell or otherwise dispose of its

properties;

     (11) The preparation of annual budgets by the authority and the employment of

consultants and auditors;

     (12) The rights and remedies of bondholders in the event of failure on the part of the

utility association to perform any covenant or agreement relating to a bond indenture;

     (13) Covenanting that as long as any bonds are outstanding the utility association shall

use its best efforts to establish and maintain its rates and charges at levels adequate at all times to

pay and provide for all operating expenses of the utility association, all payments of principal,

redemption premium if any, and interest on bonds, notes or other evidences of indebtedness

incurred or assumed by the utility association, all renewals, repairs and replacements to the

property and facilities of the utility association, and all other amounts which the utility

association may be required by law to pay; and

     (14) Any other matters of like or different character that in any way affects the security or

protection of the bonds.

     (i) The bonds of the utility association are hereby made securities in which all public

officers and bodies of this state and all municipalities and municipal subdivisions, all insurance

companies and associations and other persons carrying on an insurance business, all banks,

bankers, trust companies, savings banks, and savings associations, including savings and loan

associations, building and loan associations, investment companies and other persons carrying on

a banking business, all administrators, guardians, executors, trustees and other fiduciaries and all

LC006012 - Page 10 of 12

other persons whomsoever, who are now or may thereafter be authorized to invest in bonds or

other obligation of the state may properly and legally invest funds including capital in their

control or belonging to them. The bonds are also hereby made securities which may be deposited

with and shall be received by all public officers and bodies of this state, and all municipalities and

municipal subdivisions, for any purpose for which the deposit of bonds or other obligations of

this state is now or may thereafter be required.

     39-32-14. Money of the utility association. -- (a) All money of the utility association,

from whatever source derived, shall be paid to the treasurer of the utility association. The money

on receipt shall be deposited forthwith in a separate bank account or accounts. The money in the

accounts shall be paid out with a check of the treasurer, on requisition by the utility association,

or of any other person or persons that the utility association may authorize to make the

requisitions. All deposits of money shall be secured by obligations of the United States or of the

state, of a market value at all times not less than the amount of deposits, and all banks and trust

companies are authorized to give security for the deposits. The utility association shall have the

power, notwithstanding the provisions of this section, to contract with the holders of any of its

bonds as to the custody, collection, security, investment and payment of any money of the

authority, or any money held in trust or otherwise for the payment of bonds or in any way to

secure the bonds, and to carry out any contract notwithstanding that the contract may be

inconsistent with the previous provisions of this section. Money held in trust or otherwise for the

payment of bonds or in any way to secure bonds and deposits of money may be secured in the

same manner as the money of the authority, and all banks and trust companies are authorized to

give security for the deposits.

     (b) Notwithstanding subsection (a) of this section, or any other provision of this chapter,

the board of utility commissioners shall have the power to authorize by resolution a loan or

advance from one utility fund of the utility association to another. Any such interfund advance or

loan shall be for a term specified in the authorizing resolution of the board of utility

commissioners and shall bear interest at a rate reasonably determined by the board of utility

commissioners to be consistent with the public interest implicated in all funds involved in the

interfund loan or advance; provided, however, that an interest rate set at the rate applicable to the

utility association's most recent borrowing from a bank or other financial institution shall be

presumptively reasonable as the rate of interest for an interfund loan or advance.

     39-32-15. Alteration, amendment, repeal or severability. -- The right to alter, amend

or repeal this chapter is reserved to the state, but no such alteration, amendment or repeal shall

operate to impair the obligation of any contract made by the utility association under any power

LC006012 - Page 11 of 12

conferred by this chapter. If any section, clause, provision or term of this chapter shall be

declared unconstitutional, void, ultra vires or otherwise ineffective in whole or in part, such

determination of invalidity shall not otherwise affect the validity or enforceability of any other

provision of this chapter.

     39-32-16. Tax exemption. -- It is hereby declared that the town of New Shoreham Utility

Association, in the carrying out of its purposes, is in all respects providing essential services to

the people of the state of Rhode Island that improves their health, safety and welfare.

Accordingly, the town of New Shoreham Utility Association shall not be required to pay taxes,

assessments or sums in lieu of taxes to the state of Rhode Island or any political subdivision

thereof upon any of the property now owned or acquired in the future by the district, or under its

jurisdiction and/or control, possession or supervision or upon its activities or operations, or upon

any earnings, revenues, moneys or other income derived by the district. The bonds issued by the

district and any income therefrom shall at all times be exempt from taxation; provided, however,

nothing in this section shall have any effect upon the water resources board, or the division of

public utilities and carriers, and/or the public utilities commission's authority to impose

regulation-related assessments and charges on the town of New Shoreham Utility Association.

     39-32-17. Reversion to town upon dissolution or termination of the utility

association. -- Upon termination or dissolution of the utility association, the title of all funds and

other properties owned by the utility association that remain after payment or making provision

for payment of all bonds, notes and other obligations of the utility association shall rest in the

town of New Shoreham.

     39-32-18. References in the general laws to Block Island power company. -- Upon the

creation of the New Shoreham Utility Association, all references in the general laws to Block

Island Power Company shall refer to the New Shoreham Utility Association.

     SECTION 2. This act shall take effect upon passage.

========

LC006012

========

LC006012 - Page 12 of 12

EXPLANATION

BY THE LEGISLATIVE COUNCIL

OF

A N   A C T

RELATING TO PUBLIC UTILITIES AND CARRIERS - NEW SHOREHAM UTILITY

ASSOCIATION ACT OF 2016

***

     This act would enable the town of New Shoreham to present to the electors the question

of whether to create a utility district or utility cooperative which would be called The New

Shoreham Utility Association which would consist of a board of utility commissioners to manage

the utility.

     This act would take effect upon passage.

========

LC006012

========

LC006012 - Page 13 of 12