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Illinois Compiled Statutes
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MUNICIPALITIES (65 ILCS 5/) Illinois Municipal Code. 65 ILCS 5/11-119.1-1
(65 ILCS 5/11-119.1-1) (from Ch. 24, par. 11-119.1-1)
Sec. 11-119.1-1.
This Division shall be known and may be cited as the
Illinois Joint Municipal Electric Power Act.
(Source: P.A. 83-997.)
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65 ILCS 5/11-119.1-2
(65 ILCS 5/11-119.1-2) (from Ch. 24, par. 11-119.1-2)
Sec. 11-119.1-2.
The General Assembly finds:
(a) that adequate, economical and reliable sources of electrical energy
are essential to the orderly growth and prosperity of municipalities in
the State of Illinois and that a shortage of such sources would endanger
the safety, health and welfare of the residents of the State of Illinois
and the growth and development of its municipalities;
(b) that municipal utility systems operating in the State of Illinois
for the purpose of supplying electrical energy have sustained greatly increased
capital and operating costs, causing the postponement of construction of
facilities and thereby adversely affecting the availability of adequate,
economical and reliable sources of electrical energy;
(c) that it is desirable for the State of Illinois to authorize municipal
utility systems to jointly plan, finance, own and operate facilities relating
to electrical energy and the acquisition of fuel for the generation of electrical
energy through the creation of joint agencies in order to achieve economies
and efficiencies not possible for municipalities acting alone;
(d) that the joint planning, financing, ownership and operation of facilities
relating to electrical energy and the acquisition of fuel for the generation
of electrical energy and the issuance of revenue bonds as provided herein
is for a public use and serves a valid public purpose and is a means of
achieving economy, adequacy and reliability in the supply of electrical energy
and meeting the future needs of the State of Illinois and its residents; and
(e) that the intent and policy of the General Assembly when enacting this
Division is to enable municipal utility systems to jointly plan, finance,
own and operate facilities for the generation and transmission of electrical
power and energy and related facilities or other facilities necessary or
convenient for the planning and operation of a system for the production
and transmission of electrical power and energy.
(Source: P.A. 83-997.)
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65 ILCS 5/11-119.1-3
(65 ILCS 5/11-119.1-3) (from Ch. 24, par. 11-119.1-3)
Sec. 11-119.1-3.
The following terms whenever used or referred to in
this Division, shall have the following meanings unless the context requires otherwise:
(1) "Agency agreement" means the written agreement | | between 2 or more municipalities establishing a municipal power agency.
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(2) "Bonds" means revenue bonds, notes and other
| | evidences of obligations of a municipal power agency issued under the provisions of this Division.
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(3) "Eligible utility" means a public agency or other
| | entity of any type, including an electric cooperative as defined in Section 3.4 of the Electric Supplier Act, which (i) owns, operates or controls any plant or equipment for the generation, transmission or distribution of electric power and energy in connection with the furnishing thereof for sale or resale or (ii) is an independent system operator within the electrical power system, a regional transmission organization within the electrical power system, or an entity that participates as a buyer or seller in an organized independent system operator market or regional transmission organization market.
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(4) "Governing body" means, with respect to a
| | municipality, the council, city council, board of trustees, or other corporate authority of the municipality which exercises the general governmental powers of such municipality.
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(5) "Municipal power agency" means a body politic and
| | corporate, municipal corporation and unit of local government of the State of Illinois organized in accordance with the provisions of this Division.
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(6) "Municipality" means a city, village or
| | incorporated town in the State of Illinois owning or operating an electric utility which furnishes retail electric service to the public.
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(7) "Project" means any plant, works, system,
| | facility, and real and personal property of any nature whatsoever, together with all parts thereof and appurtenances thereto, used or useful in the generation, production, distribution, transmission, purchase, sale, exchange or interchange of electrical energy and in the acquisition, extraction, conversion, transportation, storage or reprocessing of fuel of any kind for any such purposes, or any interest in, or right to the use, services, output or capacity, of any such plant, works, system or facilities.
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(8) "Public agency" means any municipality, political
| | subdivision, municipal corporation, unit of local government, governmental unit, or public corporation operated by or pursuant to the laws of the State of Illinois, of another state or of the United States, and any state, the United States, and any commission, board, bureau or other body declared by the laws of any state or the United States to be a department, agency, or instrumentality thereof.
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(Source: P.A. 100-177, eff. 1-1-18 .)
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