MUNI-SELL WATER/SEWER UTILITY

Creates the Sale of Municipal Water or Sewer Utility Division in the Illinois Municipal Code. Provides that, at the election next following the public meeting and notice required by law for the sale of a municipal water or sewer utility, a referendum shall be placed on the ballot for all electors within the area where the water or sewer utility operates in substantially the following form. Includes referendum language. Provides that, if a majority of the electors voting on the referendum within the service area of the water or sewer utility vote in favor of the referendum, then the acquisition may continue as otherwise provided by law. Provides that, if less than a majority of the electors voting on the referendum within the service area of the water or sewer utility vote in favor of the referendum, the municipality shall deny the large public utility's acquisition of the water or sewer utility. Defines "large public utility" Effective immediately.