Utility Transfers Act; telephone companies. (HB1180)

Introduced By

Del. Steve Heretick (D-Portsmouth)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Utility Transfers Act. Prohibits any person from acquiring or disposing of control of any of the assets of a telephone company without prior approval of the State Corporation Commission (SCC). Currently, SCC approval is required only for any acquisition or disposal of a telephone company or all of the telephone company's assets. The measure also deletes the requirement that the SCC approve or disapprove an application within 60 days, which period may be extended for up to an additional 120 days. The measure requires the SCC to approve or disapprove an application in a timely manner. Amends § 56-88.1, of the Code of Virginia. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/15/2016Committee
01/15/2016Presented and ordered printed 16103765D
01/15/2016Referred to Committee on Commerce and Labor
01/21/2016Assigned to sub: Special Subcommittee on Energy
01/21/2016Assigned C & L sub: Special Subcommittee on Energy
01/21/2016Impact statement from SCC (HB1180)
02/16/2016Left in Commerce and Labor