093_HB2574eng

 
HB2574 Engrossed                     LRB093 07260 MKM 07418 b

 1        AN ACT concerning municipalities.

 2        Be it enacted by the People of  the  State  of  Illinois,
 3    represented in the General Assembly:

 4        Section  5.  The  Illinois  Municipal  Code is amended by
 5    adding Sections 8-9-4 and 8-10-26 as follows:

 6        (65 ILCS 5/8-9-4 new)
 7        Sec. 8-9-4.  Long-term contracts.  Any  municipality  may
 8    enter into a long-term energy contract, even if the length of
 9    the contract would exceed the term of office of the corporate
10    authorities that approved the contract.

11        (65 ILCS 5/8-10-26 new)
12        Sec.  8-10-26.  Long-term contracts. Any municipality may
13    enter into a long-term energy contract, even if the length of
14    the contract would exceed the term of office of the corporate
15    authorities that approved the contract.