Illinois General Assembly - Illinois Compiled Statutes

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105 ILCS 5/19b-8

(105 ILCS 5/19b-8) (from Ch. 122, par. 19b-8)

Sec. 19b-8.

Available funds.

A school district or area vocational
center may use funds
designated for operating or capital expenditures for any guaranteed energy
savings contract including purchases using installment payment contracts or
lease purchase agreements.  A school district or area vocational center
that enters into such a
contract or agreement may covenant in such contract or agreement that
payments made thereunder shall be payable from the first funds legally
available in each fiscal year.

(Source: P.A. 92-767, eff. 8-6-02.)