Sen. Michael W. Frerichs

Filed: 2/18/2010

 

 


 

 


 
09600SB2505sam001 LRB096 16340 MJR 37184 a

1
AMENDMENT TO SENATE BILL 2505

2     AMENDMENT NO. ______. Amend Senate Bill 2505 by replacing
3 everything after the enacting clause with the following:
 
4     "Section 5. The Illinois Finance Authority Act is amended
5 by changing Sections 820-10, 820-20, and 820-25 and by adding
6 Section 820-37 as follows:
 
7     (20 ILCS 3501/820-10)
8     Sec. 820-10. Definitions. The following words or terms,
9 whenever used or referred to in this Article, shall have the
10 following meanings ascribed to them, except where the context
11 clearly requires otherwise:
12     (a) "Department" means the Illinois Department of Commerce
13 and Economic Opportunity.
14     (b) "Unit of local government" means any unit of local
15 government, as defined in Article VII, Section 1 of the 1970
16 State Constitution and any local public entity as that term is

 

 

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1 defined by the Local Governmental and Governmental Employees
2 Tort Immunity Act and also includes the State and any
3 instrumentality, office, officer, department, division,
4 bureau, commission, college or university thereof.
5     (c) "Energy conservation project" means any improvement,
6 repair, alteration or betterment of any building or facility or
7 any equipment, fixture or furnishing including its energy using
8 mechanical devices to be added to or used in any building or
9 facility that the Director of the Department has certified to
10 the Authority will be a cost-effective energy-related project
11 that will lower energy or utility costs in connection with the
12 operation or maintenance of such building or facility, and will
13 achieve energy cost savings sufficient to cover bond debt
14 service and other project costs within 10 years from the date
15 of project installation.
16     (d) "Green special service area project" means any energy
17 efficiency improvement, renewable energy improvement, or water
18 use improvement as such terms are defined in Section 27-5 of
19 the Special Service Area Tax Law.
20 (Source: P.A. 93-205, eff. 1-1-04.)
 
21     (20 ILCS 3501/820-20)
22     Sec. 820-20. Powers and Duties; Illinois Local Government
23 Financing Assistance Program. The Authority has the power:
24     (a) To purchase from time to time pursuant to negotiated
25 sale or to otherwise acquire from time to time any local

 

 

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1 government securities issued by one or more units of local
2 government upon such terms and conditions as the Authority may
3 prescribe;
4     (b) To issue bonds in one or more series pursuant to one or
5 more resolutions of the Authority for any purpose authorized
6 under this Article, including without limitation purchasing or
7 acquiring local government securities, providing for the
8 payment of any interest deemed necessary on such bonds, paying
9 for the cost of issuance of such bonds, providing for the
10 payment of the cost of any guarantees, letters of credit,
11 insurance contracts or other similar credit support or
12 liquidity instruments, or providing for the funding of any
13 reserves deemed necessary in connection with such bonds and
14 refunding or advance refunding of any such bonds and the
15 interest and any premium thereon, pursuant to this Act;
16     (c) To provide for the funding of any reserves or other
17 funds or accounts deemed necessary by the Authority in
18 connection with any bonds issued by the Authority or local
19 government securities purchased or otherwise acquired by the
20 Authority;
21     (d) To pledge any local government security, including any
22 payments thereon, and any other funds of the Authority or funds
23 made available to the Authority which may be applied to such
24 purpose, as security for any bonds or any guarantees, letters
25 of credit, insurance contracts or similar credit support or
26 liquidity instruments securing the bonds;

 

 

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1     (e) To enter into agreements or contracts with third
2 parties, whether public or private, including without
3 limitation the United States of America, the State, or any
4 department or agency thereof to obtain any appropriations,
5 grants, loans or guarantees which are deemed necessary or
6 desirable by the Authority. Any such guarantee, agreement or
7 contract may contain terms and provisions necessary or
8 desirable in connection with the program, subject to the
9 requirements established by this Article;
10     (f) To charge reasonable fees to defray the cost of
11 obtaining letters of credit, insurance contracts or other
12 similar documents, and to charge such other reasonable fees to
13 defray the cost of trustees, depositories, paying agents, bond
14 registrars, escrow agents and other administrative expenses.
15 Any such fees shall be payable by units of local government
16 whose local government securities are purchased or otherwise
17 acquired by the Authority pursuant to this Article, in such
18 amounts and at such times as the Authority shall determine, and
19 the amount of the fees need not be uniform among the various
20 units of local government whose local government securities are
21 purchased or otherwise acquired by the Authority pursuant to
22 this Article;
23     (g) To obtain and maintain guarantees, letters of credit,
24 insurance contracts or similar credit support or liquidity
25 instruments which are deemed necessary or desirable in
26 connection with any bonds or other obligations of the Authority

 

 

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1 or any local government securities;
2     (h) To establish application fees and other service fees
3 and prescribe application, notification, contract, agreement,
4 security and insurance forms and rules and regulations it deems
5 necessary or appropriate;
6     (i) To provide technical assistance, at the request of any
7 unit of local government, with respect to the financing or
8 refinancing for any public purpose. In fulfillment of this
9 purpose, the Authority may request assistance from the
10 Department as necessary; any unit of local government that is
11 experiencing either a financial emergency as defined in the
12 Local Government Financial Planning and Supervision Act or a
13 condition of fiscal crisis evidenced by an impaired ability to
14 obtain financing for its public purpose projects from
15 traditional financial channels or impaired ability to fully
16 fund its obligations to fire, police and municipal employee
17 pension funds, or to bond payments or reserves, may request
18 technical assistance from the Authority in the form of a
19 diagnostic evaluation of its financial condition;
20     (j) To purchase any obligations of the Authority issued
21 pursuant to this Article;
22     (k) To sell, transfer or otherwise dispose of local
23 government securities purchased or otherwise acquired by the
24 Authority pursuant to this Article, including without
25 limitation, the sale, transfer or other disposition of
26 undivided fractionalized interests in the right to receive

 

 

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1 payments of principal and premium, if any, or the right to
2 receive payments of interest or the right to receive payments
3 of principal of and premium, if any, and interest on pools of
4 such local government securities;
5     (l) To acquire, purchase, lease, sell, transfer and
6 otherwise dispose of real and personal property, or any
7 interest therein, and to issue its bonds and enter into leases,
8 contracts and other agreements with units of local government
9 in connection with such acquisitions, purchases, leases, sales
10 and other dispositions of such real and personal property;
11     (m) To make loans to banks, savings and loans and other
12 financial institutions for the purpose of purchasing or
13 otherwise acquiring local government securities, and to issue
14 its bonds, and enter into agreements and contracts in
15 connection with such loans;
16     (n) To enter into agreements or contracts with any person
17 necessary or appropriate to place the payment obligations of
18 the Authority under any of its bonds in whole or in part on any
19 interest rate basis, cash flow basis, or other basis desired by
20 the Authority, including without limitation agreements or
21 contracts commonly known as "interest rate swap agreements",
22 "forward payment conversion agreements", and "futures", or
23 agreements or contracts to exchange cash flows or a series of
24 payments, or agreements or contracts, including without
25 limitation agreements or contracts commonly known as
26 "options", "puts" or "calls", to hedge payment, rate spread, or

 

 

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1 similar exposure; provided, that any such agreement or contract
2 shall not constitute an obligation for borrowed money, and
3 shall not be taken into account under Section 845-5 of this Act
4 or any other debt limit of the Authority or the State of
5 Illinois;
6     (o) To make and enter into all other agreements and
7 contracts and execute all instruments necessary or incidental
8 to performance of its duties and the execution of its powers
9 under this Article;
10     (p) To contract for and finance the costs of energy audits,
11 project-specific engineering and design specifications, and
12 any other related analyses preliminary to an energy
13 conservation project; and, to contract for and finance the cost
14 of project monitoring and data collection to verify
15 post-installation energy consumption and energy-related
16 operating costs. Any such contract shall be executed only after
17 it has been jointly negotiated by the Authority and the
18 Department; and
19     (p-5) To purchase special service area bonds and to accept
20 assignments or pledges, or both, of special service area bonds
21 or agreements relating to public and private green special
22 service area projects, which authority shall be liberally
23 construed; and
24     (q) To exercise such other powers as are necessary or
25 incidental to the foregoing.
26 (Source: P.A. 93-205, eff. 1-1-04.)
 

 

 

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1     (20 ILCS 3501/820-25)
2     Sec. 820-25. Unit of Local Government Participation. Any
3 unit of local government is authorized to voluntarily
4 participate in this program. Any unit of local government which
5 is authorized to issue, sell and deliver its local government
6 securities under any provision of the Constitution or laws of
7 the State may issue, sell and deliver such local government
8 securities to the Authority under this Article; provided that
9 and notwithstanding any other provision of law to the contrary,
10 any such unit of local government may issue and sell any such
11 local government security at any interest rate or rates, which
12 rate or rates may be established by an index or formula which
13 may be implemented by persons appointed or retained therefor,
14 payable at such time or times, and at such price or prices to
15 which the unit of local government and the Authority may agree.
16 Any unit of local government may pay any amount charged by the
17 Authority pursuant to this Article. Any unit of local
18 government participating in this program may pay out of the
19 proceeds of its local government securities or out of any other
20 moneys or funds available to it for such purposes any costs,
21 fees, interest deemed necessary, premium or reserves incurred
22 or required for financing or refinancing this program,
23 including without limitation any fees charged by the Authority
24 pursuant to this Article and its share, as determined by the
25 Authority, of any costs, fees, interest deemed necessary,

 

 

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1 premium or reserves incurred or required pursuant to Section
2 820-20 of this Act. All local government securities purchased
3 or otherwise acquired by the Authority pursuant to this Act
4 shall upon delivery to the Authority be accompanied by an
5 approving opinion of bond counsel as to the validity of such
6 securities. The Authority shall have discretion to purchase or
7 otherwise acquire those local government securities, as it
8 shall deem to be in the best interest of its financing program
9 for all units of local government taken as a whole. Any unit of
10 local government with the authority in connection with green
11 special service area projects to provide special service area
12 financing under the Special Service Area Tax Law is authorized
13 to issue special service area bonds and sell or assign the
14 bonds to the Authority or to assign or pledge special service
15 area bonds or agreements, or both, to the Authority.
16 (Source: P.A. 93-205, eff. 1-1-04.)
 
17     (20 ILCS 3501/820-37 new)
18     Sec. 820-37. Unit of local government participation;
19 bonds. The Authority may assist units of local government by
20 establishing and implementing a program to issue its bonds
21 secured by special service area agreements assigned or pledged
22 to the Authority by the local governments so as to provide
23 financing for green special service area projects. The bonds
24 shall not constitute an indebtedness or obligation of the State
25 and it shall be plainly stated on the face of each bond that it

 

 

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1 does not constitute an indebtedness or obligation but is
2 payable solely from the revenues, income, or other assets of
3 the Authority that are pledged.
 
4     Section 10. The Property Tax Code is amended by changing
5 Section 27-5 and by adding Section 27-97 as follows:
 
6     (35 ILCS 200/27-5)
7     Sec. 27-5. Short title; definitions. This Article may be
8 cited as the Special Service Area Tax Law.
9     When used in this Article:
10     "Energy efficiency improvement" means any installation,
11 modification, or replacement that reduces energy consumption
12 in any residential, commercial or industrial building,
13 structure, or other facility, including, but not limited to,
14 all of the following:
15         (1) insulation in walls, roofs, floors, foundations,
16     and heating and cooling distribution systems;
17         (2) storm windows and doors, multiglazed windows and
18     doors, heat-absorbing or heat-reflective glazed and coated
19     window and door systems, additional glazing, reductions in
20     glass area, and other window and door system modifications;
21         (3) automatic energy control systems;
22         (d) high efficiency furnaces, lighting fixtures,
23     ventilating, or air conditioning and distribution systems;
24         (4) caulking and weather-stripping;

 

 

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1         (5) facilities, improvements or systems to bring
2     natural daylight into buildings; and
3         (6) any other installation, modification, replacement,
4     facility, improvement, rehabilitation, repair or
5     remodeling that has the effect of reducing energy
6     consumption.
7     "Green special service area" means a special service area
8 created pursuant to Section 27-97 of this Act for the purpose
9 of providing special services that are energy efficiency
10 improvements, renewable energy improvements,water use
11 improvements, or a combination thereof. The corporate
12 authorities of the municipality or county may establish (i)
13 multiple green energy special service areas pursuant to a
14 single ordinance or (ii) multiple buildings, structures,
15 facilities, improvements, or lots or parcels of land within a
16 single green special service area, which are not required to be
17 contiguous. Revenues from multiple green special service areas
18 and revenues from multiple buildings, structures, facilities,
19 improvements or lots or parcels of land within a single green
20 special service area may be aggregated for a pledge as security
21 for bonds issued pursuant to Section 27-45 of this Act.
22     "Renewable energy improvement means any fixture, product,
23 system, device, or interacting group thereof, for any
24 residential, commercial, or industrial building, structure, or
25 other facility that produces energy from renewable resources as
26 defined in Section 1-10 of the Illinois Power Agency Act.

 

 

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1     "Special Service Area" means a contiguous area within a
2 municipality or county in which, except as provided in this Act
3 concerning green special service areas, special governmental
4 services are provided in addition to those services provided
5 generally throughout the municipality or county, the cost of
6 the special services to be paid from revenues collected from
7 taxes levied or imposed upon property within that area.
8 Territory shall be considered contiguous for purposes of this
9 Article even though certain completely surrounded portions of
10 the territory are excluded from the special service area. A
11 county may create a special service area within a municipality
12 or municipalities when the municipality or municipalities
13 consent to the creation of the special service area. A
14 municipality may create a special service area within a
15 municipality and the unincorporated area of a county or within
16 another municipality when the county or other municipality
17 consents to the creation of the special service area.
18     "Special Services" means all forms of services pertaining
19 to the government and affairs of the municipality or county,
20 including but not limited to weather modification, energy
21 efficiency improvements, renewable energy improvements, water
22 use improvements, and improvements permissible under Article 9
23 of the Illinois Municipal Code, and contracts for the supply of
24 water as described in Section 11-124-1 of the Illinois
25 Municipal Code which may be entered into by the municipality or
26 by the county on behalf of a county service area.

 

 

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1     "Water use improvement" means any fixture, product,
2 system, device, or interacting group thereof, for or serving
3 any residential, commercial, or industrial building,
4 structure, or other facility that has the effect of conserving
5 water resources through improved water management or
6 efficiency.
7 (Source: P.A. 86-1324; 88-445.)
 
8     (35 ILCS 200/27-97 new)
9     Sec. 27-97. Green special service areas.
10     (a) The corporate authorities of a municipality or county
11 may establish a green special service area, or multiple green
12 special service areas under a single ordinance, for the purpose
13 of arranging and financing energy efficiency improvements,
14 renewable energy improvements, or water use improvements. Each
15 green energy special service area shall include only property
16 for which each owner of record has executed a contract or
17 agreement consenting to the inclusion of such property within
18 the green energy special service area, and such consent may
19 occur subsequent to the adoption of the ordinance of the
20 corporate authorities establishing the green special service
21 area. The inclusion, or, as applicable, deletion, of property
22 within the green special service area subsequent to the
23 adoption of the ordinance of the corporate authorities
24 establishing the green special service area may be made by
25 either (i) the adoption of a supplemental or amending ordinance

 

 

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1 of the corporate authorities or (ii) pursuant to authority in
2 the establishing ordinance designating one or more county or
3 municipal officers, as applicable, to include, or, as
4 applicable, delete, other properties. Green special service
5 areas are exempt from the provisions of Sections 27-20, 27-25,
6 27-30, 27-35, 27-45, 27-55, 27-60, 27-65, and 27-70 of this
7 Act. A municipality or county may create a green energy special
8 service area by an ordinance establishing the green energy
9 special service area. Each owner of record of property within a
10 green special service area may arrange for the specific energy
11 efficiency improvements, renewable energy improvements, or
12 water use improvements and may obtain financing for such
13 improvements through the process set forth in the ordinance
14 establishing the green special service area. A green special
15 service area may consist of a single building, structure,
16 facility, improvement, or lot or parcel of land. The corporate
17 authorities of a municipality or county may establish multiple
18 green special service areas pursuant to a single ordinance or
19 within a single green special service area identify multiple
20 buildings, structures, facilities, improvements, or lots or
21 parcels of land, whether or not contiguous. Revenues from
22 multiple green special service areas or revenues from multiple
23 buildings, structures, facilities, improvements or lots or
24 parcels of land within a single green special service area may
25 be aggregated for a pledge as security for bonds issued
26 pursuant to Section 27-45 of this Act.

 

 

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1     (b) The corporate authorities of a county or municipality
2 that establishes a green special service area shall levy a tax
3 pursuant to Section 27-75 of this Act on all property in a
4 green special service area where each owner of record_has
5 entered into a contract or agreement for improvements. The
6 contract or agreement entered into with the owner of the
7 property shall be conclusive as to the due authorization and
8 establishment of the applicable green energy special service
9 area as it relates to that property and to the amount of
10 special tax to be levied and extended against the property for
11 such improvements. A contract or agreement may specify tax
12 levies pursuant to Section 27-75 of this Act related to the
13 applicable energy efficiency improvements, renewable energy
14 improvements, water use improvements, or a combination
15 thereof, or as applicable to the principal of and interest on
16 bonds issued, including as a part of a larger pooled or
17 composite issue, for financing such improvements. The
18 specified tax levies in a contract or agreement when recorded
19 as provided in subsection (c) of this Section and filed with
20 the county clerk shall be authority for each affected county to
21 extend and collect the levied taxes for the applicable
22 municipality or county, or both, with respect to each such
23 contract or agreement.
24     (c) The contract or agreement in subsection (b) of this
25 Section shall be in recordable form and shall be recorded in
26 the office of the recorder in the county where the property is

 

 

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1 located.
2     (d) This Section shall be liberally construed to affect the
3 legislative purpose of enabling taxpayers to make energy
4 efficiency improvements, renewable energy improvements, or
5 water use improvements to their properties.
 
6     Section 15. The Counties Code is amended by changing
7 Section 5-1005 as follows:
 
8     (55 ILCS 5/5-1005)  (from Ch. 34, par. 5-1005)
9     Sec. 5-1005. Powers. Each county shall have power:
10         1. To purchase and hold the real and personal estate
11     necessary for the uses of the county, and to purchase and
12     hold, for the benefit of the county, real estate sold by
13     virtue of judicial proceedings in which the county is
14     plaintiff.
15         2. To sell and convey or lease any real or personal
16     estate owned by the county.
17         3. To make all contracts and do all other acts in
18     relation to the property and concerns of the county
19     necessary to the exercise of its corporate powers.
20         4. To take all necessary measures and institute
21     proceedings to enforce all laws for the prevention of
22     cruelty to animals.
23         5. To purchase and hold or lease real estate upon which
24     may be erected and maintained buildings to be utilized for

 

 

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1     purposes of agricultural experiments and to purchase, hold
2     and use personal property for the care and maintenance of
3     such real estate in connection with such experimental
4     purposes.
5         6. To cause to be erected, or otherwise provided,
6     suitable buildings for, and maintain a county hospital and
7     necessary branch hospitals and/or a county sheltered care
8     home or county nursing home for the care of such sick,
9     chronically ill or infirm persons as may by law be proper
10     charges upon the county, or upon other governmental units,
11     and to provide for the management of the same. The county
12     board may establish rates to be paid by persons seeking
13     care and treatment in such hospital or home in accordance
14     with their financial ability to meet such charges, either
15     personally or through a hospital plan or hospital
16     insurance, and the rates to be paid by governmental units,
17     including the State, for the care of sick, chronically ill
18     or infirm persons admitted therein upon the request of such
19     governmental units. Any hospital maintained by a county
20     under this Section is authorized to provide any service and
21     enter into any contract or other arrangement not prohibited
22     for a hospital that is licensed under the Hospital
23     Licensing Act, incorporated under the General
24     Not-For-Profit Corporation Act, and exempt from taxation
25     under paragraph (3) of subsection (c) of Section 501 of the
26     Internal Revenue Code.

 

 

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1         7. To contribute such sums of money toward erecting,
2     building, maintaining, and supporting any non-sectarian
3     public hospital located within its limits as the county
4     board of the county shall deem proper.
5         8. To purchase and hold real estate for the
6     preservation of forests, prairies and other natural areas
7     and to maintain and regulate the use thereof.
8         9. To purchase and hold real estate for the purpose of
9     preserving historical spots in the county, to restore,
10     maintain and regulate the use thereof and to donate any
11     historical spot to the State.
12         10. To appropriate funds from the county treasury to be
13     used in any manner to be determined by the board for the
14     suppression, eradication and control of tuberculosis among
15     domestic cattle in such county.
16         11. To take all necessary measures to prevent forest
17     fires and encourage the maintenance and planting of trees
18     and the preservation of forests.
19         12. To authorize the closing on Saturday mornings of
20     all offices of all county officers at the county seat of
21     each county, and to otherwise regulate and fix the days and
22     the hours of opening and closing of such offices, except
23     when the days and the hours of opening and closing of the
24     office of any county officer are otherwise fixed by law;
25     but the power herein conferred shall not apply to the
26     office of State's Attorney and the offices of judges and

 

 

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1     clerks of courts and, in counties of 500,000 or more
2     population, the offices of county clerk.
3         13. To provide for the conservation, preservation and
4     propagation of insectivorous birds through the expenditure
5     of funds provided for such purpose.
6         14. To appropriate funds from the county treasury and
7     expend the same for care and treatment of tuberculosis
8     residents.
9         15. In counties having less than 1,000,000
10     inhabitants, to take all necessary or proper steps for the
11     extermination of mosquitoes, flies or other insects within
12     the county.
13         16. To install an adequate system of accounts and
14     financial records in the offices and divisions of the
15     county, suitable to the needs of the office and in
16     accordance with generally accepted principles of
17     accounting for governmental bodies, which system may
18     include such reports as the county board may determine.
19         17. To purchase and hold real estate for the
20     construction and maintenance of motor vehicle parking
21     facilities for persons using county buildings, but the
22     purchase and use of such real estate shall not be for
23     revenue producing purposes.
24         18. To acquire and hold title to real property located
25     within the county, or partly within and partly outside the
26     county by dedication, purchase, gift, legacy or lease, for

 

 

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1     park and recreational purposes and to charge reasonable
2     fees for the use of or admission to any such park or
3     recreational area and to provide police protection for such
4     park or recreational area. Personnel employed to provide
5     such police protection shall be conservators of the peace
6     within such park or recreational area and shall have power
7     to make arrests on view of the offense or upon warrants for
8     violation of any of the ordinances governing such park or
9     recreational area or for any breach of the peace in the
10     same manner as the police in municipalities organized and
11     existing under the general laws of the State. All such real
12     property outside the county shall be contiguous to the
13     county and within the boundaries of the State of Illinois.
14         19. To appropriate funds from the county treasury to be
15     used to provide supportive social services designed to
16     prevent the unnecessary institutionalization of elderly
17     residents, or, for operation of, and equipment for, senior
18     citizen centers providing social services to elderly
19     residents.
20         20. To appropriate funds from the county treasury and
21     loan such funds to a county water commission created under
22     the "Water Commission Act", approved June 30, 1984, as now
23     or hereafter amended, in such amounts and upon such terms
24     as the county may determine or the county and the
25     commission may agree. The county shall not under any
26     circumstances be obligated to make such loans. The county

 

 

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1     shall not be required to charge interest on any such loans.
2         21. To appropriate and expend funds from the county
3     treasury for economic development purposes, including the
4     making of grants to any other governmental entity or
5     commercial enterprise deemed necessary or desirable for
6     the promotion of economic development in the county.
7         22. To lease space on a telecommunications tower to a
8     public or private entity.
9         23. In counties having a population of 100,000 or less
10     and a public building commission organized by the county
11     seat of the county, to cause to be erected or otherwise
12     provided, and to maintain or cause to be maintained,
13     suitable facilities to house students pursuing a
14     post-secondary education at an academic institution
15     located within the county. The county may provide for the
16     management of the facilities.
17         24. To engage in and undertake activities related to
18     and in connection with governmental and private energy
19     efficiency improvements, renewable energy improvements,
20     and water use improvements as defined in the Special
21     Service Area Tax Law, including, but not limited to,
22     special service areas related to green special service area
23     financing for energy efficiency improvements, renewable
24     energy improvements, and water use improvements whether on
25     public or private property, under the Special Service Area
26     Tax Law. This item shall be liberally construed to effect

 

 

09600SB2505sam001 - 22 - LRB096 16340 MJR 37184 a

1     the legislative purpose of enabling taxpayers to make
2     energy efficiency improvements, renewal energy
3     improvements, and water use improvements to their
4     properties.
5     All contracts for the purchase of coal under this Section
6 shall be subject to the provisions of "An Act concerning the
7 use of Illinois mined coal in certain plants and institutions",
8 filed July 13, 1937, as amended.
9 (Source: P.A. 95-197, eff. 8-16-07; 95-813, eff. 1-1-09;
10 96-622, eff. 8-24-09.)
 
11     Section 20. The Illinois Municipal Code is amended by
12 adding Division 15.4 to Article 11 as follows:
 
13     (65 ILCS 5/Art. 11 Div. 15.4 heading new)
14
DIVISION 15.4. GREEN SPECIAL SERVICE AREAS

 
15     (65 ILCS 5/11-15.4-1 new)
16     Sec. 11-15.4-1. Green special service areas. Each
17 municipality shall have the power and authority to engage in
18 and undertake activities related to and in connection with
19 governmental and private energy efficiency improvements,
20 renewable energy improvements, and water use improvements as
21 defined in the Special Service Area Tax Law, including, but not
22 limited to, special service area financing related to green
23 special service areas for energy efficiency improvements,

 

 

09600SB2505sam001 - 23 - LRB096 16340 MJR 37184 a

1 renewable energy improvements, and water use improvements
2 whether on public or private property, under the Special
3 Service Area Tax Law. This Section shall be liberally construed
4 to effect the legislative purpose of enabling taxpayers to make
5 energy efficiency improvements, renewable energy improvements,
6 or water use improvements to their properties.
 
7     Section 99. Effective date. This Act takes effect upon
8 becoming law.".