101ST GENERAL ASSEMBLY
State of Illinois
2019 and 2020
HB3400
 
Introduced , by Rep. Katie Stuart
 
SYNOPSIS AS INTRODUCED:
 

 
  
30 ILCS 500/25-45

     Amends the Illinois Procurement Code. Provides that, among other types of contracts, renewable energy resources contracts and leases may be entered into for a period of time deemed to be in the best interest of the State but not exceeding 15 years inclusive of proposed contract or lease renewals. Makes conforming changes. Defines "renewable energy resources". Effective immediately.
  


LRB101 04749 RJF 49758 b

 
 
A BILL FOR
 

  
HB3400LRB101 04749 RJF 49758 b


  
1    AN ACT concerning finance.
  
 
2    Be it enacted by the People of the State of Illinois,
 
3represented in the General Assembly:
  
 
 
4    Section 5. The Illinois Procurement Code is amended  by 
5changing Section 25-45 as follows:
 



6    (30 ILCS 500/25-45)



7    Sec. 25-45. Energy conservation program contracts; energy 
8savings and renewable energy resources contracts or leases. 
9    (a) For the purposes of this Section: , an 
10    "Energy energy savings contract or lease" means a contract 
11or lease for an improvement, repair, alteration, betterment, 
12equipment, fixture, or furnishing that is designed to reduce 
13energy consumption or operating costs, and that includes an 
14agreement that payments, except obligations on termination of 
15the contract or lease before its expiration, shall be made over 
16time and that savings are guaranteed to the extent practicable 
17to pay for the cost of the improvement, repair, alteration, 
18betterment, equipment, fixture, or furnishing. 
19    "Renewable energy resources" has the meaning ascribed to 
20that term in Section 1-10 of the Illinois Power Agency Act. 
21    (b) State
purchasing officers may enter into
energy 
22conservation program contracts or energy savings contracts or 
23leases that provide for utility
cost savings.  Notwithstanding 
 
 
HB3400- 2 -LRB101 04749 RJF 49758 b

1any other law to the contrary, energy savings contracts or 
2leases may include an alternative financing or lease to 
3purchase option.
4    (c) Energy conservation program contracts, or energy 
5savings contracts and leases, or renewable energy resources 
6contracts and leases may be entered into for a period of time 
7deemed to be in the best interest of the State but not 
8exceeding 15 years inclusive of proposed contract or lease 
9renewals.
10    (d) The chief procurement officer shall
promulgate and 
11adopt rules for the implementation of this Section.

12(Source: P.A. 100-23, eff. 7-6-17.)

 
 
13    Section 99. Effective date. This Act takes effect upon 
14becoming law.