IL HB0737

Amends the Public Utilities Act to require a referendum for large public utilities acquiring water or sewer utilities owned by the State or political subdivisions, rather than only requiring a public meeting and newspaper notice.

Referendum must be held at the next election following the public meeting and notice, with ballot language asking electors whether they approve the acquisition under the published terms.

Acquisition may proceed if a majority of electors in the utility's service area vote in favor; if less than a majority vote in favor, the Illinois Commerce Commission must deny the acquisition.

Requires the water or sewer utility to hold a public meeting and publish acquisition terms in a newspaper of general circulation before the referendum, including information about customer payment assistance options.

Takes effect immediately upon becoming law.