220 ILCS 5/6-108
2021 Illinois Compiled Statutes|Chapter 220 - UTILITIES|220 ILCS 5/ - Public Utilities Act.|Article VI - Capitalization

(220 ILCS 5/6-108) (from Ch. 111 2/3, par. 6-108)Sec. 6-108.         The Commission shall charge every public utility receiving  permission under this Act for the issue of stocks, bonds, notes and other  evidences of indebtedness an amount equal to 12 cents for every $100  of the  par or stated value of stocks, and 24 cents for every $100 of the  principal  amount of bonds, notes or other evidences of indebtedness, authorized by  the Commission, which shall be paid to the Commission no later than 30  days after service of the Commission order authorizing the issuance of  those stocks, bonds, notes or other evidences of indebtedness. Provided, that  if any such stock, bonds, notes or other evidences of indebtedness constitutes  or creates a lien or charge on, or right to profits from, any property not  situated in this State, this fee shall be paid only on the amount of any such  issue which is the same proportion of the whole issue as the property situated  in this State is of the total property on which such securities issue creates a  lien or charge, or from which a right to profits is established; and provided  further, that no public utility shall be required to pay any fee for permission  granted to it by the Commission in any of the following cases:(1) To guarantee bonds or other securities.(2) To issue bonds, notes or other evidences of indebtedness issued for  the purpose of converting, exchanging, taking over, refunding, discharging  or retiring any bonds, notes or other evidences of indebtedness except:(a) When issued for an aggregate period of longer     than 2 years for the purpose of converting, exchanging, taking over, refunding, discharging or retiring any note, or renewals thereof, issued without the consent of the State Public Utilities Commission of Illinois or the Public Utilities Commission or the Illinois Commerce Commission; or(b) When issued for the purpose of converting,     exchanging, taking over, refunding, discharging or retiring bonds, notes or other evidences of indebtedness issued prior to January 1, 1914, and upon which no fee has been previously paid.(3) To issue shares of stock upon the conversion of convertible bonds,  notes or other evidences of indebtedness or upon the conversion of  convertible stock of another class in accordance with a conversion  privilege contained in such convertible bonds, notes or other evidences of  indebtedness or contained in such convertible stock, as the case may be,  where a fee (in the amount payable under this Section in the case of  evidences of indebtedness) has been previously paid for the issuance of  such convertible bonds, notes or other evidences of indebtedness, or where  a fee (in the amount payable under this Section in the case of stocks) has  been previously paid for the issuance of such convertible stock, or where  such convertible stock was issued prior to July 1, 1951 and upon which no  fee has been previously paid, as the case may be.(4) To issue shares of stocks for the purpose of redeeming or otherwise  retiring, or in exchange for, other stocks, where the fee for the issuance  of such other stocks has been previously paid, or where such other stocks  were issued prior to July 1, 1951 and upon which no fee has been previously  paid, as the case may be, but only to the extent that the par or stated  value of the shares of stock so issued does not exceed the par or stated  value of the other stocks redeemed or otherwise retired or exchanged.All fees collected by the Commission under this Section shall be paid  within 10 days after the receipt of the same, accompanied by a detailed  statement of the same, into the Public Utility Fund in the State treasury.    (Source: P.A. 93-32, eff. 7-1-03.)