Public Act 097-0760
 
HB5195 EnrolledLRB097 19626 PJG 64880 b

    AN ACT concerning State government.
 
    Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
 
    Section 5. The Illinois Finance Authority Act is amended by
changing Sections 820-10 and 820-35 as follows:
 
    (20 ILCS 3501/820-10)
    Sec. 820-10. Definitions. The following words or terms,
whenever used or referred to in this Article, shall have the
following meanings ascribed to them, except where the context
clearly requires otherwise:
    (a) "Department" means the Illinois Department of Commerce
and Economic Opportunity.
    (b) "Unit of local government" means any unit of local
government, as defined in Article VII, Section 1 of the 1970
State Constitution and any local public entity as that term is
defined by the Local Governmental and Governmental Employees
Tort Immunity Act and also includes the State and any
instrumentality, office, officer, department, division,
bureau, commission, college or university thereof.
    (c) "Energy conservation project" means any improvement,
repair, alteration or betterment of any building or facility or
any equipment, including but not limited to an Energy
Efficiency Project, as defined in item (iii) of subsection (b)
of Section 825-65, in connection with any school district or
community college district project, and any fixture or
furnishing including its energy using mechanical devices to be
added to or used in any building or facility that the Director
of the Department has certified to the Authority will be a
cost-effective energy-related project that will lower energy
or utility costs in connection with the operation or
maintenance of such building or facility, and will achieve
energy cost savings sufficient to cover bond debt service and
other project costs within 10 years from the date of project
installation.
(Source: P.A. 93-205, eff. 1-1-04.)
 
    (20 ILCS 3501/820-35)
    Sec. 820-35. The Authority may shall assist the Department
to establish and implement a program to assist units of local
government to identify and arrange financing for energy
conservation projects in buildings and facilities owned or
leased by units of local government. Such bonds shall not
constitute an indebtedness or obligation of the State of
Illinois and it shall be plainly stated on the face of each
bond that it does not constitute such an indebtedness or
obligation but is payable solely from the revenues, income or
other assets of the Authority pledged therefor.
(Source: P.A. 93-205, eff. 1-1-04.)
 
    Section 99. Effective date. This Act takes effect upon
becoming law.