GREEN ENERGY SPECIAL AREAS Senate SponsorsSen. Michael W. Frerichs-William Delgado and A. J. Wilhelmi 1/12/2011SenateSession Sine Die 20 ILCS 3501/820-1020 ILCS 3501/820-2020 ILCS 3501/820-2520 ILCS 3501/820-37 new35 ILCS 200/27-535 ILCS 200/27-97 new55 ILCS 5/5-1005from Ch. 34, par. 5-100565 ILCS 5/Art. 11 Div. 15.4 heading new65 ILCS 5/11-15.4-1 newAmends the Illinois Finance Authority Act. Provides that the Illinois Finance Authority has the power to purchase special service area bonds and to accept assignments or pledges, or both, of special service area bonds or agreements relating to public and private green energy special service area projects, which authority shall be liberally construed. Allows any unit of local government with the authority in connection with green energy special service area projects to provide special service area financing under specified provisions, including bonds. Specifies that bonds issued pursuant to the financing be secured by special service area agreements. Amends the Special Service Area Tax Law in the Property Tax Code. Provides that the corporate authorities of a county or a municipality may establish a green energy special service area and specifies the criteria for the creation of the areas. Amends the Counties Code and the Municipal Code to specify that each county or municipality shall have the power and authority to engage in specified activities that relate to green energy special service areas. Effective immediately. 10/15/2009SenateFiled with Secretary by Sen. Michael W. Frerichs 10/15/2009SenateFirst Reading 10/15/2009SenateReferred to Assignments 12/18/2009SenateAdded as Chief Co-Sponsor Sen. William Delgado 2/24/2010SenateAssigned to Local Government 3/8/2010SenateRule 3-9(a) / Re-referred to Assignments 3/16/2010SenateAdded as Co-Sponsor Sen. A. J. Wilhelmi 1/12/2011SenateSession Sine Die