STUDY CHICAGO WATER CONTRACTS

Creates the Chicago Water Contracts Transparency Study Act. Provides that the Commission on Government Forecasting and Accountability shall commission an independent study on the City of Chicago's water contracts with distributing municipalities, including detailed information on the agreements and costs associated with those agreements. Provides that the study shall also assess the potential cost impacts of establishing an alternative stream of water distribution, such as through the creation of a Southwest Water Authority or similar entity. Provides that the Commission shall hold at least 2 public hearings to solicit input from municipal representatives, water industry experts, and other stakeholders and include any relevant information resulting from those hearings in the study. Provides that the Commission shall complete the study and submit a report that includes an executive summary, detailed findings, and any recommendations resulting from the study to the General Assembly and the Governor no later than one year after the effective date of the Act. Effective immediately.