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Committee opens discussion on community-well transfers after new PURA interpretation halts closings
Summary
Lawmakers used HB 5145 (LCO 3513) as a vehicle to address a recent interpretation that requires PURA dockets for transfers of multifamily properties served by community wells; members warned the new interpretation is stalling closings, causing legal fees and potential housing losses and urged a bipartisan, interagency review.
The Commerce Committee used HB 5145 (LCO 3513) as a placeholder vehicle to begin addressing a sudden change in how transfers of multifamily properties served by community wells are being handled, a new interpretation that committee leaders said has effectively halted some real-estate transactions.
The co-chair described cases in which buyers were ready to proceed but transactions stalled for months because owners were told they must open a docket with the Public Utilities Regulatory Authority (PURA), a process that…
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