(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 from a program administrator 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 through a program administrator;
        (4) the types of energy projects that may be financed;
        (5) a description of the territory within the PACE
    
area;
        (6) reference to a report on the proposed program as
    
described in Section 20; and
        (7) the time and place for any public hearing
    
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.)