HB 568 (BR 2013) - R. Wilkey, M. Rader, J. Stacy
AN ACT relating to cooperatives.
Amend KRS 279.020, relating to incorporation of a rural electric cooperative corporation, to allow a nonprofit cooperative corporation to be organized for the primary purpose of generating, purchasing, selling, transmitting or distributing electric energy and providing any good or service related to generating, purchasing, selling, transmitting, or distributing electric energy and for the secondary purpose of engaging in any other lawful business or activity.
HB 568 - AMENDMENTS
HCS - Retain original provisions of HB 568; in addition, make nonprofit cooperative corporations of rural electric cooperative corporations organized for the purpose of engaging in business other than electric energy conduct their business through an affiliate, unless the nonprofit cooperative corporation is engaged in a contract with a federal military installation or a contract for administrative services with a local, state, or federal government; establish the affiliates to nonprofit cooperative corporations engaged in nonregulated business; provide annual reports to member-owners of the cooperative and balance sheets and income statements to the Public Service Commission.
HFA (1, F. Rasche) - Retain original provisions; make telecommunications infrastructure services a primary purpose for the organization of a nonprofit cooperative corporation.
HFA (2, J. Bowen) - Require cooperatives that would compete with existing nonenergy private enterprise to receive PSC approval after demonstrating a market need.
Feb 13-introduced in House
Feb 14-to Tourism Development and Energy (H)
Feb 22-posted in committee
Mar 9-reported favorably, 1st reading, to Calendar with Committee Substitute
Mar 10-2nd reading, to Rules; posted for passage in the Regular Orders of the Day for Monday, March 13, 2006; floor amendment (1) filed to Committee Substitute
Mar 13-floor amendment (2) filed to Committee Substitute ; 3rd reading, passed 95-3 with Committee Substitute
Mar 14-received in Senate
Mar 16-to Agriculture and Natural Resources (S); reported favorably, 1st reading, to Consent Calendar
Mar 17-2nd reading, to Rules
Mar 21-posted for passage in the Consent Orders of the Day for Tuesday, March 21, 2006; 3rd reading, passed 36-1-1
Mar 22-received in House; enrolled, signed by each presiding officer; delivered to Governor
Apr 3-signed by Governor (Acts ch. 114)