Illinois General Assembly - Bill Status for HB3501

Amends the Public Officer Prohibited Activities Act. Provides that an elected or appointed official of a unit of local government may not hire or appoint himself or herself to a second position in the unit of local government if the second position is a salaried or hourly position. Allows the governing body of the unit of local government to hire or appoint an elected or appointed official to a second position in the unit of local government with a salary or hourly wages by ordinance or resolution if the ordinance or resolution states the salary or total compensation of an hourly position. Effective immediately.

Provides that an elected or appointed official of a unit of local government may not hire or appoint himself or herself to a position (rather than a second position) in the unit of local government if the position is a salaried or hourly position. Provides that the governing body of the unit of local government may consolidate positions within the unit of local government (rather than hire or appoint an elected or appointed official to a second position in the unit of local government with a salary or hourly wages) by ordinance or resolution if the ordinance or resolution states the salary or total compensation of the combined position.

Replaces everything after the enacting clause. Amends the Property Assessed Clean Energy Act. Modifies and deletes various definitions. Expands and changes the financing or refinancing that a governmental unit (rather than a local unit of government) or the Illinois Finance Authority may use for assessment contracts. Provides that a governmental unit or the Authority may sale and assign assessment contracts without competitive bidding or the solicitation of requests for proposals or requests for qualifications. Changes elements required in an ordinance or resolution establishing a property assessed clean energy program. Changes elements required to be included in a property assessed clean energy program report. Changes requirements of assessment contracts in a program. Provides that assessments under the program may be included in property tax bills and establishes procedures for billing and collection of assessments. Modifies how PACE bonds are issued and paid, including that the State will not limit or alter the rights and powers vested in governmental units by this Act or in the Authority in accordance with this Act. Provides that the provisions of the Act are intended to be supplemental and in addition to all other powers or authorities granted to any governmental unit, shall be construed liberally, and shall not be construed as a limitation of any power or authority otherwise granted. Requires PACE bonds to contain a recital. Validates all actions and bonds issued prior to the effective date of the amendatory Act. Repeals provisions on joint property assessed clean energy programs. Makes other changes. Effective immediately.

Makes organizational and grammatical changes. Changes a cross-reference.

Replaces everything after the enacting clause. Reinserts the provisions of Senate Amendment No. 2, as amended by Senate Amendment No. 3, with the following changes: Removes cost of collecting assessments from costs allowed to be included in the amount of financing or refinancing. Modifies the definitions of "assessment", "property", "record owner", and "resiliency improvement". Modifies the requirements of the program report. Changes requirements of property that may be subject to an assessment contract. Removes provisions allowing a county collector to charge flat fees relating to collection of assessments. Removes language providing that a record owner waives objects to assessments related to assessment contracts when entering into the assessment contract. Makes grammatical changes. Makes other changes. Effective immediately.

Provides that "capital provider" means any credit union, federally insured depository institution, insurance company, trust company, or other entity (rather than institution) approved by a governmental unit or its program administrator or program administrators that finances or refinances an energy project by purchasing PACE bonds issued by the governmental unit or the Authority for that purpose. Corrects typographical errors.

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