Enrolled Senate Bill (S)

Co-Authored by

DIGEST

Township assistance payment of electric bills. Allows the township trustee to deposit township assistance funds in an account of a township assistance recipient (recipient) with an electric service provider (provider) for prepaid electric service. Excludes investor owned utilities from the definition of "electric service provider". Provides that the provider holds the township assistance funds as a fiduciary for the township trustee. Establishes deadlines for the provider to remit township assistance funds to the township trustee if: (1) the township trustee demands remittance of any township assistance funds remaining in the recipient's account; or (2) the recipient's account with the provider Township assistance payment of electric bills. Allows the township trustee to deposit township assistance funds in an account of a township assistance recipient (recipient) with an electric service provider (provider) for prepaid electric service. Excludes investor owned utilities from the definition of "electric service provider". Provides that the provider holds the township assistance funds as a fiduciary for the township trustee. Establishes deadlines for the provider to remit township assistance funds to the township trustee if: (1) the township trustee demands remittance of any township assistance funds remaining in the recipient's account; or (2) the recipient's account with the provider is terminated. Requires the provider to provide a monthly accounting statement to the township trustee of any remaining balances of township assistance funds that are held by, expended by, or deposited with the provider. ... View more