(50 ILCS 50/15)
    Sec. 15. Program established.
    (a) To establish a property assessed clean energy program, the governing body of a local unit of government shall adopt a resolution or ordinance that includes all of the following:
        (1) a finding that the financing of energy projects
is a valid public purpose;
        (2) a statement of intent to facilitate access to
capital (which may be from one or more program administrators) to provide funds for energy projects, which will be repaid by assessments on the property benefited with the agreement of the record owners;
        (3) a description of the proposed arrangements for
financing the program, which may be through one or more program administrators;
        (4) the types of energy projects that may be financed;
        (5) a description of the territory within the PACE
        (6) reference to a report on the proposed program as
described in Section 20;
        (7) the time and place for a public hearing to be
held by the local unit of government if required for the adoption of the proposed program by resolution or ordinance;
        (8) matters required by Section 20 to be included in
the report; for this purpose, the resolution or ordinance may incorporate the report or an amended version thereof by reference; and
        (9) a description of which aspects of the program may
be amended without a new public hearing and which aspects may be amended only after a new public hearing is held.
    (b) A property assessed clean energy program may be amended by resolution or ordinance of the governing body. Adoption of the resolution or ordinance shall be preceded by a public hearing if required.
(Source: P.A. 100-77, eff. 8-11-17; 100-863, eff. 8-14-18; 100-980, eff. 1-1-19.)