BUS ORG-PUBLIC WASTEWATER SYTM

Amends the General Not For Profit Corporation Act of 1986. Includes the purpose of ownership and operation of a public wastewater service or system on a mutual or cooperative basis to the list of purposes for which a not-for-profit corporation may be organized under the Act. Exempts any director of a corporation that is organized for the purpose of (i) operating water supply facilities for drinking and general domestic use on a mutual or cooperative basis or (ii) ownership and operation of a public wastewater service or system on a mutual or cooperative basis from liability for damages resulting from the exercise of judgment or discretion in connection with his or her duties or responsibilities, with certain exceptions.