LEGISLATIVE SERVICES AGENCY
OFFICE OF FISCAL AND MANAGEMENT ANALYSIS
200 W. Washington St., Suite 301
Indianapolis, IN 46204
(317) 233-0696
iga.in.gov
FISCAL IMPACT STATEMENT
LS 6951 NOTE PREPARED: Jan 3, 2024
BILL NUMBER: SB 247 BILL AMENDED:
SUBJECT: Water and Wastewater Utility Infrastructure.
FIRST AUTHOR: Sen. Koch BILL STATUS: As Introduced
FIRST SPONSOR:
FUNDS AFFECTED: GENERAL IMPACT: State
XDEDICATED
FEDERAL
Summary of Legislation: The bill amends the statute concerning the acquisition of water or wastewater
utilities to provide that if:
(1) the appraised value of the utility property to be acquired does not exceed $3 M; and
(2) the purchase price for the utility property is less than the appraised value; the utility company seeking
to acquire the utility property of an offered utility:
(A) is not required to file a petition under the statute; and
(B) may instead submit to the IURC a 30 day administrative filing under the IURC's existing rules;
to obtain the rate treatment authorized under the statute with respect to any cost differential associated with
the acquisition.
The bill sets forth certain information that must be included in an acquiring utility company's 30 day
administrative filing.
Effective Date: July 1, 2024.
Explanation of State Expenditures: The bill provides exemptions to sale petition filing requirements for
sale of a distressed water or wastewater utility. Instead, if the sale of a distressed utility meets the
requirements in the bill, a purchasing utility would file a 30-day administrative filing with the IURC
concerning the sale. This change could decrease IURC workload to review distressed water and wastewater
utility sale petition filings and instead review administrative filings, if the filings are not contested. To the
extent these filings are contested and would require a hearing, there would be no workload savings to the
IURC.
SB 247 1 Additional Information - Since CY 2015, the IURC received a total of 29 requests for mergers and
acquisitions of water and wastewater treatment facilities.
Explanation of State Revenues:
Explanation of Local Expenditures:
Explanation of Local Revenues:
State Agencies Affected: IURC.
Local Agencies Affected:
Information Sources: Luke Wilson, IURC.
Fiscal Analyst: Bill Brumbach, 317-232-9559.
SB 247 2