IL SB3965

Large Electing Providers must continue offering telecommunications service, including traditional circuit switched networks, to existing business and residential customers until at least December 31, 2031

Beginning January 1, 2032, Large Electing Providers must start returning the salvage value of retired traditional circuit switched networks to the state, with complete salvage required by January 1, 2038

Quarterly reporting to the Department of Public Health and Illinois Commerce Commission is required, documenting total salvage value, per-mile salvage value, geographic locations, and related activities

Starting December 1, 2032, salvage value from retired networks must be transferred annually to the Lead Service Line Replacement Fund to provide grants for replacing lead service lines in municipal and private water utilities

The bill establishes that traditional circuit switched networks were built under rate-of-return regulations where customers reimbursed carriers' investments plus profit, justifying the return of salvage value to Illinois residents