151fc

     On page 2, line 10, of the Senate Local Government engrossed bill, after " . " insert " However, no compensation for service rights within the area annexed may extend more than seventeen years from the date compensation is initially paid to the displaced utility. ".

     On page 2, delete lines 11 to 19, inclusive, and insert:

"      Section 2. An electric utility and a municipality may agree to a negotiated cash consideration in lieu of the compensation formula provided in subdivisions 49-34A-50(1), (2), and (3). The agreement shall be filed with the Public Utilities Commission as evidence of the negotiated consideration. Any agreement reached pursuant to this section may only be applied to the annexed area identified in the agreement and may not be considered as evidence of a master agreement applying to any past or future annexation unless so designated in the agreement.".