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| Section 10. Definitions. For the purposes of this Act: |
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| "Agency" means the joint action agency organized and |
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| operating under this Act.
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| "Applicable law" means any provision of law, including this |
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| Act, authorizing governmental units to issue bonds as the term |
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| is defined in the Local Government Debt Reform Act. |
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| "Board" means the board of directors of the Agency |
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| organized under this Act. |
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| "Bonds" means bonds as that term is defined in the Local |
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| Government Debt Reform Act issued by the Agency payable from |
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| one or more of the Agency's enterprise revenues and other |
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| sources as the Agency may lawfully pledge, which sources may |
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| include governmental unit bonds or proceeds or payments to be |
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| made pursuant to an intergovernmental agreement. |
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| "Enterprise revenues" means the revenues of a utility or |
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| revenue producing enterprise of the Agency.
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| "Governing body" means the legislative body, council, |
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| board, commission, trustees, or any other body, by whatever |
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| name it is known, having charge of the corporate affairs of a |
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| governmental unit. |
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| "Governmental unit" means a county, township, |
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| municipality, municipal corporation, unit of local government, |
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| school district, public university, special district, public |
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| corporation, or body corporate and politic, and all other local |
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| governmental agencies, including any entity created by |
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| intergovernmental agreement among any of the foregoing |
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LRB096 06638 JDS 40846 a |
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| governmental units, but does not include any office, officer, |
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| department, division, bureau, board, commission, or similar |
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| agency of the State. |
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| "Governmental unit bond" means any bond as such term is |
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| defined in the Local Government Debt Reform Act authorized or |
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| issued by or on behalf of a governmental unit under applicable |
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| law. |
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| "Intergovernmental agreement" means the agreement by which |
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| the Agency is formed by the designated governmental units |
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| pursuant to this Act. |
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| "Members" means the governmental units joining pursuant to |
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| intergovernmental agreement to organize the Agency under this |
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| Act. |
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| "Municipal waste" has the same meaning as in Section 3.290 |
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| of the Environmental Protection Act. |
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| "Project" means such land or rights in land within the |
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| territorial limits of Blue Island, Illinois, or within 5 miles |
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| of such territorial limits, and within such limits, any plant, |
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| works, system, facility, machinery, intellectual property, or |
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| other real or personal property of any nature whatsoever, |
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| together with all parts thereof and appurtenances thereto, used |
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| or useful in the collection, transportation, transfer, |
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| storage, disposal, processing, treatment, recovery, and re-use |
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| of municipal waste or in the generation, production, |
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| distribution, transmission, purchase, sale, exchange, or |
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| interchange of electrical energy derived from renewable energy |
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| resources or converting waste to energy sources, and in the |
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| acquisition, extraction, conversion, transportation, storage, |
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| or reprocessing of ancillary fuel of any kind for any such |
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| purposes, or any interest in, or right to the use, services, |
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| output, or capacity of any such plant, works, system, or |
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| facilities; provided, however, the project shall not include a |
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| combustion process to incinerate municipal waste. |
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| "Resolution" means a resolution or ordinance, as may be |
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| applicable, duly adopted by a governing body. |
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| Section 15. Powers supplemental. The provisions of this Act |
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| are intended to be supplemental and in addition to all other |
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| powers or authorities granted to any governmental unit, shall |
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| be construed liberally, and shall not be construed as a |
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| limitation of any power or authority otherwise granted. |
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| Section 20. Actions by resolution. All actions to be taken |
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| by a governmental unit or the Agency pursuant to this Act shall |
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| be fully effective if taken by resolution, but may also be |
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| taken, at the discretion of a governing body, by ordinance. |
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| Section 25. Agency status. The Agency as organized under |
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| this Act shall be a unit of local government of the State and a |
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| body politic and corporate. |
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| Section 30. Organization. Any 2 or more of the governmental |
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| units named or described as follows: (a) the municipalities of |
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| Blue Island, Calumet Park, Alsip, Robbins, Midlothian, and |
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| Posen and (b) any municipality expressly invited by the |
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| municipality of Blue Island and all or a portion of which is in |
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| Cook County and any portion of which is within 5 miles of the |
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| territorial limits of Blue Island, whether contiguous or |
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| noncontiguous, may form the Agency authorized by this Act by |
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| the execution of an intergovernmental agreement authorized by |
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| resolution adopted by the governing body of each governmental |
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| unit that elects to join the Agency for the purposes of |
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| investigating the desirability of and necessity for providing |
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| the Project and to develop the Project. The intergovernmental |
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| agreement shall state or may state, as applicable, all of the |
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| following: |
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| (1) the name of the Agency and the date of its |
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| establishment, which may be by reference to a date or the |
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| dates of the resolutions adopted by the governing bodies, |
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| and the duration of its existence, which may be perpetual; |
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| (2) the names of the governmental units, from those |
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| permitted to join as provided in this Act, that have |
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| adopted the intergovernmental agreement and constitute the |
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| initial members; |
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| (3) the names and addresses of the persons initially |
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| appointed in the resolutions adopting the |
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| intergovernmental agreement to serve as initial directors |
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| on the board and provision for the organizational meeting |
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| of the Agency; |
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| (4) provision for the terms of office of the directors |
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| and for alternate directors, if so provided, but those |
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| directors and alternate directors shall always be selected |
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| and vacancies in their offices declared and filled by |
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| resolutions adopted by the governing body of the respective |
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| governmental units; |
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| (5) if so provided, provision for weighted voting among |
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| the governmental units or by the directors; |
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| (6) the location by city, village, or incorporated town |
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| in the State of the principal office of the Agency; |
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| (7) provision for amendment of the intergovernmental |
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| agreement; |
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| (8) if so provided, initial funding for the Agency, |
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| which may include binding agreements of the governmental |
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| units to provide money or to issue governmental unit bonds |
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| for the benefit of the Agency, in connection with the |
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| Project;
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| (9) provisions for the disposition, division, or |
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| distribution of obligations, property, and assets of the |
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| Agency upon dissolution; and |
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| (10) any other provisions for regulating the business |
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| of the Agency or the conduct of its affairs consistent with |
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| this Act. |
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| Section 35. Officers; board; bylaws. |
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| (a) At the organizational meeting of the board, the |
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| directors shall elect from their members a presiding officer to |
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| preside over the meetings of the board and an alternate |
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| presiding officer and may elect an executive board. The board |
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| shall determine and designate in the Agency's bylaws the titles |
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| for the presiding officers. The directors shall also elect a |
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| secretary and treasurer, who need not be directors. The board |
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| may select other officers, employees, and agents as deemed to |
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| be necessary, who need not be directors or residents of any of |
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| the governmental units that are members. The board may |
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| designate appropriate titles for all other officers, |
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| employees, and agents. All persons selected by the board shall |
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| hold their respective offices at the pleasure of the board and |
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| give bond as may be required by the board. |
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| (b) The board is the corporate authority of the Agency and |
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| shall exercise all the powers and manage and control all of the |
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| affairs and property of the Agency. The board shall have full |
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| power to pass all necessary resolutions, rules, and regulations |
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| for the proper management and conduct of the business of the |
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| Agency and for carrying into effect the objects for which the |
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| Agency was established. The board shall have not less than one |
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| meeting each year for the election of officers and the |
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| transaction of any other business. Unless otherwise provided by |
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| this Act, the intergovernmental agreement, or the bylaws, an |
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| act of the majority of the directors present at a meeting at |
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| which a quorum is present is the act of the board. |
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LRB096 06638 JDS 40846 a |
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| (c) The board shall adopt bylaws that may include, without |
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| limitation, the following provisions: |
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| (1) the rights and obligations of members, consistent |
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| with the intergovernmental agreement and this Act; |
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| (2) if not governed in the intergovernmental |
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| agreement, then the manner of adding new members, from |
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| those permitted to join as provided in this Act, and the |
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| rights and obligations of such members; |
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| (3) the time, place, and date of the regular meeting or |
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| meetings and the procedures for calling special meetings of |
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| the board; |
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| (4) procedural rules; |
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| (5) the composition, powers, and responsibilities of |
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| any committee or executive board; |
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| (6) the criteria as called for in subsection (u) of |
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| Section 55 of this Act; and |
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| (7) other rules or provisions for regulating the |
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| affairs of the Agency as the board shall determine to be |
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| advisable.
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| Section 40. Filing. Within 3 months after the |
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| organizational meeting, the board shall cause a certified copy |
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| of the intergovernmental agreement to be filed with the |
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| Secretary of State. The Secretary of State shall accept the |
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| filing and issue a certificate of approval over his or her |
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| signature and the Great Seal of the State. |
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| Section 45. Place of business. The Agency shall maintain an |
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| office in the State to be known as its principal office. If the |
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| Agency desires to change the location of that office, then it |
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| shall file with the Secretary of State a certificate of change |
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| of location, stating the new address and the effective date of |
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| change. Meetings of the board may be held at any place within |
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| the State, designated by the board, after notice. |
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| Section 50. Lawful expense of governmental unit. Each |
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| member shall have full power and authority to appropriate money |
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| from its general or corporate fund, by whatever name known, for |
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| the payment of the expenses of the Agency and of its |
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| representative in exercising its functions as a member of the |
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| Agency. Each member shall have full power and authority, |
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| subject to the provisions of applicable law, to agree to the |
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| issuance and delivery of governmental unit bonds to aid the |
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| Agency. |
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| Section 55. Powers and duties. |
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| (a) The Agency shall have all the powers and duties |
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| enumerated in this Section in furtherance of the purposes of |
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| this Act. In the exercise of those powers and duties it shall |
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| be deemed to be performing an essential governmental function |
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| and exercising a part of the sovereign powers of the State, |
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| separate and distinct from member governmental units and shall |
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09600SB0588ham001 |
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LRB096 06638 JDS 40846 a |
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| have the privileges, immunities, and rights of a public body |
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| politic and corporate, municipal corporation, and unit of local |
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| government, but shall not have taxing power. All powers of the |
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| Agency shall be exercised by its board unless otherwise |
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| provided by the bylaws. |
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| (b) The Agency may plan, finance, acquire, construct, |
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| reconstruct, own, lease, operate, maintain, repair, improve, |
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| extend, or otherwise participate in, individually or jointly, |
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| with other persons or other entities of any type, the Project, |
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| as proposed, existing, or under construction, acquire any |
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| interest in or any right to products and services of the |
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| Project, purchase, own, sell, dispose of, or otherwise |
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| participate in securities issued in connection with the |
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| financing of the Project or any portion thereof, and may act as |
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| agent, or designate one or more persons, public agencies, or |
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| other entities of any type, whether or not participating in the |
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| Project, to act as its agent, in connection with the planning, |
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| financing, acquisition, construction, reconstruction, |
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| ownership, lease, operation, maintenance, repair, extension, |
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| or improvement of the Project. |
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| (c) The Agency may investigate the desirability of and |
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| necessity for the Project and may make studies, surveys, and |
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| estimates as may be necessary to determine the feasibility and |
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| cost of the Project. |
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| (d) The Agency may cooperate with other persons, public |
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| agencies, or other entities of any type in the development of |
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09600SB0588ham001 |
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| the Project. |
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| (e) The Agency may apply for consents, authorizations, or |
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| approvals required for the Project within its powers and take |
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| all actions necessary to comply with the required conditions. |
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| (f) The Agency may perform any act authorized by this Act |
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| through, or by means of, its officers, agents, or employees or |
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| by contract with others, including, without limitation, the |
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| employment of engineers, architects, attorneys, appraisers, |
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| financial advisors, and other consultants and employees as may |
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| be required in the judgment of the Agency, and fix, and pay |
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| their compensation from funds available to the Agency. The |
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| Agency may create subsidiary entities, such as corporations, to |
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| aid in the conduct of its business in connection with the |
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| Project. |
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| (g) The Agency may, individually or jointly with other |
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| persons, public agencies, or other entities of any type, |
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| acquire, hold, use, and dispose of income, revenues, funds, and |
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| money in connection with the Project. |
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| (h) The Agency may, individually or jointly with other |
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| persons, public agencies, or other entities of any type, |
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| acquire, own, hire, use, operate, and dispose of personal |
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| property and any interest therein in connection with the |
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| Project. |
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| (i) The Agency may, individually or jointly with other |
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| persons, public agencies, or other entities of any type, |
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| acquire, own, use, lease as lessor or lessee, operate and |
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| dispose of real property and interests in real property in |
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| connection with the Project. |
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| (j) The Agency may grant the use by franchise, lease, or |
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| otherwise and make charges for the use of any property or |
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| facility owned or controlled by it. |
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| (k) The Agency may borrow money and issue negotiable bonds, |
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| secured or unsecured, in accordance with this Act. |
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| (l) The Agency may invest money of the Agency not required |
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| for immediate use, including proceeds from the sale of any |
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| bonds, in such obligations, securities, and other investments |
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| as authorized by the provisions of the Public Funds Investment |
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| Act. |
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| (m) Subject to the limitations provided in this Section, |
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| the Agency may exercise the power of eminent domain in the |
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| manner provided in the Eminent Domain Act in connection with |
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| the Project and within the designated territorial limit of the |
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| Project. Any acquisition of the Agency by eminent domain is |
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| limited in that it shall not be exercised, under any |
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| circumstances, in the taking of any property, real or personal, |
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| of a public agency, corporation, company, limited liability |
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| company, or other entity of any type, including an electric |
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| cooperative, as defined in Section 3.4 of the Electric Supplier |
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| Act, that owns, operates or controls any plant, building, land, |
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| or equipment for or that is used or useful in the generation, |
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| transmission, or distribution of electric power and energy in |
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| connection with the furnishing thereof for sale or resale. |
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| (n) Within the designated territorial limit, the Agency may |
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| determine the location and character of, and all other matters |
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| in connection with the Project. |
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| (o) The Agency may contract with any persons, public |
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| agencies, or other entities of any type for the planning, |
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| development, construction, or operation of the Project or for |
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| the sale, transmission, or distribution of the products and |
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| services of the Project, or for any interest in the products or |
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| services or any right to such products and services, on terms |
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| and for a period not in excess of 50 years of time as its board |
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| shall determine. |
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| (p) The Agency may enter into any contract or agreement |
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| necessary, appropriate or incidental to the effectuation of its |
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| lawful purposes in connection with the Project and the exercise |
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| of the powers granted by this Act with respect to the Project |
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| for a period not in excess of 50 years in time, including, |
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| without limitation, contracts or agreements for the receipt and |
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| disposal of municipal waste under this Act and the purchase, |
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| sale, exchange, interchange, wheeling, pooling, transmission, |
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| distribution, or storage of electrical energy and fuel of any |
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| kind for any purposes in connection with the Project, within |
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| and outside of the State, in amounts as it shall determine to |
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| be necessary and appropriate to make the most effective use of |
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| the Project and to meet its responsibilities, on terms and for |
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| such period of time as its board determines. Any contract or |
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| agreement may include provisions for requirements purchases, |
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09600SB0588ham001 |
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LRB096 06638 JDS 40846 a |
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| restraints on resale or other dealings, exclusive dealing, |
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| pricing, territorial division, and other conduct or |
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| arrangements that may have an anti-competitive effect. |
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| Provided, however, that the production, interconnection, |
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| transmission, distribution, and sale at wholesale or retail of |
6 |
| electric energy generated by the Project must be in accordance |
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| with all laws, regulations, and rules applicable to generators |
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| of electricity, alternative retail electric suppliers, |
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| municipal utilities, or electric cooperatives, as applicable, |
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| but further provided that this provision does not affect any |
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| exemption otherwise available under the Public Utilities Act. |
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| (q) The Agency may procure insurance against any losses in |
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| connection with its property, operations, or assets in such |
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| amounts and from such insurers as it deems desirable, or may |
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| self-insure or enter into pooled insurance arrangements with |
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| other governmental units against those losses. |
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| (r) The Agency may contract for and accept any gifts or |
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| grants or loans of funds or property or financial or other aid |
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| in any form from any source and may comply, subject to the |
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| provisions of this Act, with the terms and conditions of the |
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| contract. |
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| (s) The Agency may mortgage, pledge, and grant a security |
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| interest in any or all of its real and personal property to |
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| secure the payment of its bonds or contracts. |
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| (t) That part of the Project owned by the Agency shall be |
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| exempt from property taxes. The Agency shall, in lieu of |
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| property taxes, pay to any governmental unit authorized to levy |
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| property taxes the amount that would be assessed as taxes on |
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| real property of the Project if such property were otherwise |
4 |
| subject to valuation and assessment for distribution to such |
5 |
| governmental units. Payments in lieu of taxes shall be due and |
6 |
| shall bear interest if unpaid, as in the cases of and on the |
7 |
| same schedule as taxes on other property. The assessment of the |
8 |
| amount to be paid shall be on the same schedule as taxes on |
9 |
| other property. Payments in lieu of taxes made under this Act |
10 |
| shall be treated in the same manner as taxes for purposes of |
11 |
| all procedural and substantive provisions of law, except that |
12 |
| no lien may be placed upon such property to enforce the payment |
13 |
| of those taxes. The remedy for such payment shall be limited to |
14 |
| mandamus or other civil action requesting an order directing |
15 |
| the Agency to pay those taxes and interest, if any. |
16 |
| (u) The Agency shall not be subject to any taxes of the |
17 |
| State based on or measured by income, receipts, or revenue. The |
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| Agency shall allocate 2% of the total net enterprise revenues, |
19 |
| calculated in accordance with generally accepted accounting |
20 |
| principles for municipal enterprise funds, and not including |
21 |
| any revenues or receipts not derived from the enterprise, for |
22 |
| secular purposes to one or more of a public or private |
23 |
| not-for-profit elementary or secondary school, college, |
24 |
| university, or technical, vocational, or trade school to be |
25 |
| named from time to time by the board located in the |
26 |
| governmental unit or units that comprise the Agency. The board |
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| shall distribute the stated revenues to the recipients |
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| according to criteria as may be established in the Agency's |
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| bylaws. |
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| (v) The Agency may adopt a corporate seal, and may sue and |
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| be sued. |
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| (w) The Agency may exercise all other powers not |
7 |
| inconsistent with the Constitution of the State of Illinois or |
8 |
| the United States Constitution that may be reasonably necessary |
9 |
| or appropriate for or incidental to effectuate its authorized |
10 |
| purposes or to the exercise of any of the powers enumerated in |
11 |
| this Act.
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| Section 60. Bonds. The Agency may issue bonds pursuant to |
13 |
| applicable law and the following provisions: |
14 |
| (1) The Agency may from time to time issue its bonds in |
15 |
| such principal amounts as the Agency shall deem necessary |
16 |
| to provide sufficient funds to carry out any of its |
17 |
| corporate purposes and powers, including, without |
18 |
| limitation, the acquisition, construction, or termination |
19 |
| of the Project to be owned or leased, as lessor or lessee, |
20 |
| by the Agency, or the acquisition of any interest therein |
21 |
| or any right to the products or services thereof, the |
22 |
| funding or refunding of the principal of, redemption |
23 |
| premium, if any, and interest on, any bonds issued by it |
24 |
| whether or not the bonds or interest to be funded or |
25 |
| refunded have or have not become due, the payment of |
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| engineering, legal and other expenses, together with |
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| interest for a period of 3 years or to a date one year |
3 |
| subsequent to the estimated date of completion of the |
4 |
| project, whichever period is longer, the establishment or |
5 |
| increase of reserves to secure or to pay these bonds or |
6 |
| interest, the providing of working capital and the payment |
7 |
| of all other costs or expenses of the Agency incident to |
8 |
| and necessary or convenient to carry out its corporate |
9 |
| purposes and powers. |
10 |
| (2) Every issue of bonds of the Agency shall be payable |
11 |
| out of the revenues or funds available to the Agency, |
12 |
| subject to any agreements with the holders of particular |
13 |
| bonds pledging any particular revenues or funds. The Agency |
14 |
| may issue those types of bonds as it may determine, |
15 |
| including bonds as to which the principal and interest are |
16 |
| payable exclusively from the revenues from one or more |
17 |
| parts of the Project, or from an interest or a right to the |
18 |
| products and services thereof, or from one or more revenue |
19 |
| producing contracts made by the Agency, or its revenues |
20 |
| generally. Any bonds may be additionally secured by a |
21 |
| pledge of any grant, subsidy, or contribution from any |
22 |
| source or a pledge of any income or revenues, funds, or |
23 |
| moneys of the Agency from any source whatsoever. |
24 |
| (3) All bonds of the Agency shall have all the |
25 |
| qualities of negotiable instruments under the laws of this |
26 |
| State. |
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09600SB0588ham001 |
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LRB096 06638 JDS 40846 a |
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1 |
| (4) Bonds of the Agency shall be authorized by |
2 |
| resolution of its board and may be issued under a |
3 |
| resolution or under a trust indenture or other security |
4 |
| agreement, in one or more series, and shall bear such date |
5 |
| or dates, mature at such time or times within the estimated |
6 |
| period of usefulness of the Project or portion thereof |
7 |
| involved and in any event not more than 40 years after the |
8 |
| date thereof, bear interest at such rate or rates without |
9 |
| regard to any limitation in any other law, be in those |
10 |
| denominations, be in a form, either coupon or registered, |
11 |
| carry the conversion, registration, and exchange |
12 |
| privileges, have a rank or priority, be executed in such |
13 |
| manner, be payable in a medium of payment at such place or |
14 |
| places within or outside of the State, be subject to the |
15 |
| terms of redemption with or without premium, and contain or |
16 |
| be subject to other terms as the resolution, trust |
17 |
| indenture, or other security agreement may provide, and |
18 |
| shall not be restricted by the provisions of any other law |
19 |
| limiting the amounts, maturities, interest rates, or other |
20 |
| terms of obligations of units of local government or |
21 |
| private parties. The bonds shall be sold in such manner and |
22 |
| at prices as the board shall determine, at private or |
23 |
| public sale. |
24 |
| (5) Bonds of the Agency may be issued under the |
25 |
| provisions of this Act without obtaining the consent of any |
26 |
| department, division, commission, board, bureau, or agency |
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09600SB0588ham001 |
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LRB096 06638 JDS 40846 a |
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|
1 |
| of the State or of any member, except as may be limited in |
2 |
| an intergovernmental agreement, and without any other |
3 |
| proceeding or the happening of any other condition or |
4 |
| occurrence except as specifically required by this Act. |
5 |
| (6) The resolution, trust indenture, or other security |
6 |
| agreement under which any bonds are issued shall constitute |
7 |
| a contract with the holders of the bonds and may contain |
8 |
| provisions, among others, prescribing any of the |
9 |
| following: |
10 |
| (A) the terms and provisions of the bonds; |
11 |
| (B) the mortgage or pledge of and the grant of a |
12 |
| security interest in any real or personal property and |
13 |
| all or any part of the revenue from the Project or any |
14 |
| revenue producing contract made by the Agency to secure |
15 |
| the payment of bonds, subject to any agreements with |
16 |
| the holders of bonds which might then exist; |
17 |
| (C) the custody, collection, securing, |
18 |
| investments, and payment of any revenues, assets, |
19 |
| money, funds, or property with respect to which the |
20 |
| Agency may have any rights or interest; |
21 |
| (D) the rates or charges for the products or |
22 |
| services rendered by the Agency, the amount to be |
23 |
| raised by the rates or charges, and the use and |
24 |
| disposition of any or all revenue; |
25 |
| (E) the creation of reserves or sinking funds and |
26 |
| the regulation and disposition thereof;
|
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09600SB0588ham001 |
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LRB096 06638 JDS 40846 a |
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|
1 |
| (F) the purposes to which the proceeds from the |
2 |
| sale of any bonds then or thereafter to be issued may |
3 |
| be applied, and the pledge of revenues to secure the |
4 |
| payment of the bonds; |
5 |
| (G) the limitations on the issuance of any |
6 |
| additional bonds, the terms upon which additional |
7 |
| bonds may be issued and secured, and the refunding of |
8 |
| outstanding bonds; |
9 |
| (H) the rank or priority of any bonds with respect |
10 |
| to any lien or security; |
11 |
| (I) the creation of special funds or moneys to be |
12 |
| held in trust or otherwise for operational expenses, |
13 |
| payment, or redemption of bonds, reserves or other |
14 |
| purposes, and the use and disposition of moneys held in |
15 |
| those funds; |
16 |
| (J) the procedure by which the terms of any |
17 |
| contract with or for the benefit of the holders of |
18 |
| bonds may be amended or revised, the amount of bonds |
19 |
| the holders of which must consent thereto, and the |
20 |
| manner in which consent may be given; |
21 |
| (K) the definition of the acts or omissions to act |
22 |
| that shall constitute a default in the duties of the |
23 |
| Agency to holders of its bonds, and the rights and |
24 |
| remedies of the holders in the event of default, |
25 |
| including, if the Agency so determines, the right to |
26 |
| accelerate the due date of the bonds or the right to |
|
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09600SB0588ham001 |
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LRB096 06638 JDS 40846 a |
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|
1 |
| appoint a receiver or receivers of the property or |
2 |
| revenues subject to the lien of the resolution, trust |
3 |
| indenture, or other security agreement; |
4 |
| (L) any other or additional agreements with or for |
5 |
| the benefit of the holders of bonds or any covenants or |
6 |
| restrictions necessary or desirable to safeguard the |
7 |
| interests of the holders; |
8 |
| (M) the custody of its properties or investments, |
9 |
| the safekeeping thereof, the insurance to be carried |
10 |
| thereon, and the use and disposition of insurance |
11 |
| proceeds; |
12 |
| (N) the vesting in a trustee or trustees, within or |
13 |
| outside of the State, of such properties, rights, |
14 |
| powers and duties in trust as the Agency may determine; |
15 |
| or the limiting or abrogating of the rights of the |
16 |
| holders of any bonds to appoint a trustee, or the |
17 |
| limiting of the rights, powers, and duties of the |
18 |
| trustee; or |
19 |
| (O) the appointment of and the establishment of the |
20 |
| duties and obligations of any paying agent or other |
21 |
| fiduciary within or outside of the State. |
22 |
| (7) For the security of bonds issued or to be issued by |
23 |
| the Agency, the Agency may mortgage or execute deeds of |
24 |
| trust of the whole or any part of its property and |
25 |
| franchises. Any pledge of revenues, securities, contract |
26 |
| rights, or other personal property made by the Agency |
|
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09600SB0588ham001 |
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LRB096 06638 JDS 40846 a |
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1 |
| pursuant to this Act shall be valid and binding from the |
2 |
| date the pledge is made. The revenues, securities, contract |
3 |
| rights, or other personal property so pledged and then held |
4 |
| or thereafter received by the Agency or any fiduciary shall |
5 |
| immediately be subject to the lien of the pledge without |
6 |
| any physical delivery thereof or further act, and the lien |
7 |
| of the pledge shall be valid and binding as against all |
8 |
| parties having claims of any kind in tort, contract, or |
9 |
| otherwise against the Agency without regard to whether the |
10 |
| parties have notice. The resolution, trust indenture, |
11 |
| security agreement, or other instrument by which a pledge |
12 |
| is created shall be recorded in the county in which the |
13 |
| principal office is located in the manner provided by law. |
14 |
| (8) Neither the officials, the directors, nor the |
15 |
| members of the Agency nor any person executing bonds shall |
16 |
| be liable personally on the bonds or be subject to any |
17 |
| personal liability or accountability by reason of the |
18 |
| issuance thereof. The Agency shall have power to indemnify |
19 |
| and to purchase and maintain insurance on behalf of any |
20 |
| director, officer, employee, or agent of the Agency, in |
21 |
| connection with any threatened, pending, or completed |
22 |
| action, suit, or proceeding. |
23 |
| (9) The Agency shall have power to purchase out of any |
24 |
| available funds, bonds, and to hold for re-issuance, |
25 |
| pledge, cancel, or retire the bonds and coupons prior to |
26 |
| maturity, subject to and in accordance with any agreements |
|
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09600SB0588ham001 |
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LRB096 06638 JDS 40846 a |
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|
1 |
| with the holders. |
2 |
| (10) The principal of and interest upon any bonds |
3 |
| issued by the Agency shall be payable solely from the |
4 |
| enterprise revenues or funds pledged or available for their |
5 |
| payment as authorized in this Act. Each bond shall contain |
6 |
| a statement that it constitutes an obligation of the |
7 |
| Agency, that the principal and interest are payable solely |
8 |
| from revenues or funds of the Agency and that neither the |
9 |
| State nor any political subdivision thereof, except the |
10 |
| Agency, nor any governmental unit which is a member of the |
11 |
| Agency, is obligated to pay the principal or interest on |
12 |
| the bonds and that neither the faith and credit nor the |
13 |
| taxing power of the State or any political subdivision or |
14 |
| of any governmental unit is pledged to the payment of the |
15 |
| principal of or the interest on the bonds.
|
16 |
| Section 65. Charges. The Agency may establish, levy, and |
17 |
| collect or may authorize, by contract, franchise, lease, or |
18 |
| otherwise, the establishment, levying, and collection of |
19 |
| rents, rates, and other charges for the products and services |
20 |
| afforded by the Agency or by or in connection with all or any |
21 |
| part of the Project that it may construct, acquire, own, |
22 |
| operate, or control or with respect to which it may have any |
23 |
| interest or any right to the products and services thereof as |
24 |
| it may deem necessary, proper, desirable or reasonable except |
25 |
| that such Agency shall not sell electricity to retail customers |
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09600SB0588ham001 |
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LRB096 06638 JDS 40846 a |
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|
1 |
| otherwise than in accordance with the provisions of the Public |
2 |
| Utilities Act, but further provided that this provision does |
3 |
| not affect any exemption otherwise available under the Public |
4 |
| Utilities Act. Rents, rates, and other charges shall be |
5 |
| established so as to be sufficient to meet the operation, |
6 |
| maintenance and other expenses thereof, including reasonable |
7 |
| reserves, interest, principal payments, and payments into one |
8 |
| or more sinking funds for the retirement of principal. The |
9 |
| Agency may pledge its rates, rents, and other revenue, or any |
10 |
| part thereof, as security for the repayment, with interest and |
11 |
| premium, if any, of any moneys borrowed by it or advanced to it |
12 |
| for any of its authorized purposes and as security for the |
13 |
| payment of amounts due and owing by it under any contract. |
14 |
| Section 70. Governmental units may contract. |
15 |
| (a) In order to accomplish the purposes of this Act, a |
16 |
| governmental unit may enter into and carry out contracts and |
17 |
| agreements for the sale, lease, or other use of property, real |
18 |
| or personal, cooperative provision of services, such as police |
19 |
| services, the delivery of such municipal waste or the purchase |
20 |
| of power from the Agency, collection or transmission services, |
21 |
| development services, and other services. Contracts must |
22 |
| comply with the following: |
23 |
| (1) Any contract and agreement shall be for a period |
24 |
| not to exceed 50 years and shall contain other terms, |
25 |
| conditions, and provisions consistent with the provisions |
|
|
|
09600SB0588ham001 |
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LRB096 06638 JDS 40846 a |
|
|
1 |
| of this Act, as the governing body of such governmental |
2 |
| unit shall approve, including, without limitation, |
3 |
| provisions in which the governmental unit is obligated to |
4 |
| pay for the products and services of the Agency without |
5 |
| set-off or counterclaim and irrespective of whether such |
6 |
| products or services are furnished, made available, or |
7 |
| delivered to the governmental unit or whether the Project |
8 |
| or any portion thereof contemplated by any such contract |
9 |
| and agreement is completed, operable, or operating, and |
10 |
| notwithstanding suspension, interruption, interference, |
11 |
| reduction, or curtailment of the products and services of |
12 |
| the project. |
13 |
| (2) Any contract and agreement may be pledged by the |
14 |
| Agency to secure its obligations and may provide that, if |
15 |
| one or more governmental units defaults in the payment of |
16 |
| its obligations under the contract and agreement, the |
17 |
| remaining governmental units having the contracts and |
18 |
| agreements shall be required to pay for and shall be |
19 |
| entitled proportionately to use or otherwise dispose of the |
20 |
| products and services that were to be purchased by the |
21 |
| defaulting governmental unit. |
22 |
| (3) Any contract and agreement providing for payments |
23 |
| by a governmental unit shall be an obligation of such |
24 |
| governmental unit payable from and secured by such lawfully |
25 |
| available funds as may be made pursuant to applicable law. |
26 |
| Notwithstanding the sources of funds pledged, any contract |
|
|
|
09600SB0588ham001 |
- 26 - |
LRB096 06638 JDS 40846 a |
|
|
1 |
| between the Agency and its members with respect to the |
2 |
| Project shall not constitute an indebtedness of such |
3 |
| members within any statutory limitation. |
4 |
| (4) Nothing in this Act shall be construed to preclude |
5 |
| a governmental unit from appropriating and using taxes and |
6 |
| other revenues received in any year to make payments due or |
7 |
| to comply with covenants to be performed during that year |
8 |
| under any contract or agreement for a term of years entered |
9 |
| into as contemplated in this Act, subject to the provisions |
10 |
| of applicable law. |
11 |
| (b) Any contract or agreement may include provisions for |
12 |
| requirements purchases, restraints on resale, or other |
13 |
| dealings, exclusive dealing, pricing, territorial division, |
14 |
| and other conduct or arrangements that may have an |
15 |
| anti-competitive effect. Provided, however, that the |
16 |
| production, interconnection, transmission, distribution, and |
17 |
| sale at wholesale or retail of electric energy generated by the |
18 |
| Project must be in accordance with all laws, regulations, and |
19 |
| rules applicable to generators of electricity, alternative |
20 |
| retail electric suppliers, municipal utilities, or electric |
21 |
| cooperatives, as applicable, but further provided that this |
22 |
| provision does not affect any exemption otherwise available |
23 |
| under the Public Utilities Act. |
24 |
| (c) Notwithstanding the provisions of any other law, in the |
25 |
| making of a contract or agreement between the Agency and a |
26 |
| member, the director of the Agency who represents the member |
|
|
|
09600SB0588ham001 |
- 27 - |
LRB096 06638 JDS 40846 a |
|
|
1 |
| must recuse himself or herself from participation in |
2 |
| discussions or voting as director, but may participate and vote |
3 |
| in his or her capacity as an officer of the governing body of |
4 |
| such member, and the participation and voting shall not be a |
5 |
| conflict of interest. |
6 |
| Section 75. Obligations under federal or State law. |
7 |
| Notwithstanding any other provisions of this Act, nothing in |
8 |
| this Act shall affect obligations or authority under any |
9 |
| federal or State environmental statute or regulation, |
10 |
| including without limitation the Environmental Protection Act, |
11 |
| the federal Solid Waste Disposal Act (42 U.S.C. 6901 et seq.), |
12 |
| the Federal Water Pollution Control Act (33 U.S.C. 1251 et |
13 |
| seq.), the federal Clean Air Act (42 U.S.C. 7401 et seq.), as |
14 |
| now or hereafter amended, and rules and regulations adopted |
15 |
| thereunder. |
16 |
| Section 90. The Eminent Domain Act is amended by adding |
17 |
| Section 15-5-50 as follows: |
18 |
| (735 ILCS 30/15-5-50 new) |
19 |
| Sec. 15-5-50. Eminent domain powers in New Acts. The
|
20 |
| following provisions of law may include express grants of the
|
21 |
| power to acquire property by condemnation or eminent domain:
|
22 |
| Southern Cook County Intergovernmental Cooperation Waste |