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Sen. Daniel Biss
Filed: 4/20/2015
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1 | | AMENDMENT TO SENATE BILL 116
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2 | | AMENDMENT NO. ______. Amend Senate Bill 116, AS AMENDED, by |
3 | | replacing everything after the enacting clause with the |
4 | | following:
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5 | | "Section 5. The Illinois Finance Authority Act is amended |
6 | | by changing Sections 820-10, 820-20, and 820-25 and by adding |
7 | | Section 820-37 as follows:
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8 | | (20 ILCS 3501/820-10)
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9 | | Sec. 820-10. Definitions. The following words or terms, |
10 | | whenever used or
referred to in
this Article, shall have the |
11 | | following
meanings ascribed to them, except where the context |
12 | | clearly requires otherwise:
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13 | | (a) "Department" means the Illinois Department of Commerce |
14 | | and Economic
Opportunity.
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15 | | (b) "Unit of local government" means any unit of local |
16 | | government, as
defined
in Article VII, Section 1 of the 1970 |
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1 | | State Constitution and any local public
entity as that term is |
2 | | defined by the Local Governmental and Governmental
Employees |
3 | | Tort Immunity Act and also includes the State and any
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4 | | instrumentality,
office, officer, department, division, |
5 | | bureau, commission, college or
university
thereof.
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6 | | (c) "Energy conservation project" means any improvement, |
7 | | repair, alteration
or
betterment of any building or facility or |
8 | | any equipment, including but not limited to an Energy |
9 | | Efficiency Project, as defined in item (iii) of subsection (b) |
10 | | of Section 825-65, in connection with any school district or |
11 | | community college district project, and any fixture or |
12 | | furnishing
including its energy using mechanical devices to be |
13 | | added to or used in any
building or facility that the Director |
14 | | of the Department has certified to the
Authority will be a |
15 | | cost-effective energy-related project that will lower
energy
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16 | | or utility costs in connection with the operation or |
17 | | maintenance of such
building or facility, and will achieve |
18 | | energy cost savings sufficient to cover
bond debt service and |
19 | | other project costs within 20 10 years from the date of
project |
20 | | installation.
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21 | | (d) "Green special service area project" means any energy |
22 | | efficiency improvement, renewable energy improvement, or water |
23 | | use improvement as such terms are defined in Section 27-5 of |
24 | | the Special Service Area Tax Law. |
25 | | (Source: P.A. 97-760, eff. 7-6-12.)
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1 | | (20 ILCS 3501/820-20) |
2 | | Sec. 820-20. Powers and Duties; Illinois Local Government |
3 | | Financing
Assistance Program. The Authority has the power: |
4 | | (a) To purchase from time to time pursuant to negotiated |
5 | | sale or to
otherwise
acquire from time to time any local |
6 | | government securities issued by one or more
units of local |
7 | | government upon such terms and conditions as the Authority may
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8 | | prescribe; |
9 | | (b) To issue bonds in one or more series pursuant to one or |
10 | | more resolutions
of
the Authority for any purpose authorized |
11 | | under
this Article,
including without limitation purchasing or |
12 | | acquiring local government
securities, providing for the |
13 | | payment of any interest deemed necessary on such
bonds, paying |
14 | | for the cost of issuance of such bonds, providing for the |
15 | | payment
of the cost of any guarantees, letters of credit, |
16 | | insurance contracts or other
similar credit support or |
17 | | liquidity instruments, or providing for the funding
of
any |
18 | | reserves deemed necessary in connection with such bonds and |
19 | | refunding or
advance refunding of any such bonds and the |
20 | | interest and any premium thereon,
pursuant to this Act; |
21 | | (c) To provide for the funding of any reserves or other |
22 | | funds or accounts
deemed necessary by the Authority in |
23 | | connection with any bonds issued by the
Authority or local |
24 | | government securities purchased or otherwise acquired by the
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25 | | Authority; |
26 | | (d) To pledge any local government security, including any |
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1 | | payments thereon,
and any other funds of the Authority or funds |
2 | | made available to the Authority
which may be applied to such |
3 | | purpose, as security for any bonds or any
guarantees, letters |
4 | | of credit, insurance contracts or similar credit support or
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5 | | liquidity instruments securing the bonds; |
6 | | (e) To enter into agreements or contracts with third |
7 | | parties, whether public
or
private, including without |
8 | | limitation the United States of America, the State,
or any |
9 | | department or agency thereof to obtain any appropriations, |
10 | | grants, loans
or guarantees which are deemed necessary or |
11 | | desirable by the Authority. Any
such guarantee, agreement or |
12 | | contract may contain terms and provisions
necessary
or |
13 | | desirable in connection with the program, subject to the |
14 | | requirements
established by
this Article; |
15 | | (f) To charge reasonable fees to defray the cost of |
16 | | obtaining letters of
credit, insurance contracts or other |
17 | | similar documents, and to charge such
other
reasonable fees to |
18 | | defray the cost of trustees, depositories, paying agents,
bond |
19 | | registrars, escrow agents and other administrative expenses. |
20 | | Any such fees
shall be payable by units of local government |
21 | | whose local government securities
are purchased or otherwise |
22 | | acquired by the Authority pursuant to
this Article, in such |
23 | | amounts and at such times as the Authority
shall determine, and |
24 | | the amount of the fees need not be uniform among the
various |
25 | | units of local government whose local government securities are
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26 | | purchased or otherwise acquired by the Authority pursuant to
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1 | | this Article; |
2 | | (g) To obtain and maintain guarantees, letters of credit, |
3 | | insurance
contracts
or similar credit support or liquidity |
4 | | instruments which are deemed necessary
or
desirable in |
5 | | connection with any bonds or other obligations of the Authority |
6 | | or
any local government securities; |
7 | | (h) To establish application fees and other service fees |
8 | | and prescribe
application, notification, contract, agreement, |
9 | | security and insurance forms
and
rules and regulations it deems |
10 | | necessary or appropriate; |
11 | | (i) To provide technical assistance, at the request of any |
12 | | unit of local
government, with respect to the financing or |
13 | | refinancing for any public
purpose.
In fulfillment of this |
14 | | purpose, the Authority may request assistance from the
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15 | | Department as necessary; any unit of local government that is |
16 | | experiencing
either a financial emergency as defined in the |
17 | | Local Government Financial
Planning and Supervision Act or a |
18 | | condition of fiscal crisis evidenced by an
impaired ability to |
19 | | obtain financing for its public purpose projects from
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20 | | traditional financial channels or impaired ability to fully |
21 | | fund its
obligations
to fire, police and municipal employee |
22 | | pension funds, or to bond payments or
reserves, may request |
23 | | technical assistance from the Authority in the form of a
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24 | | diagnostic evaluation of its financial condition; |
25 | | (j) To purchase any obligations of the Authority issued |
26 | | pursuant to
this Article; |
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1 | | (k) To sell, transfer or otherwise dispose of local |
2 | | government securities
purchased or otherwise acquired by the |
3 | | Authority pursuant to
this Article,
including without |
4 | | limitation, the sale, transfer or
other disposition of |
5 | | undivided fractionalized interests in the right to receive
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6 | | payments of principal and premium, if any, or the right to |
7 | | receive payments of
interest or the right to receive payments |
8 | | of principal of and premium, if any,
and interest on pools of |
9 | | such local government securities; |
10 | | (l) To acquire, purchase, lease, sell, transfer and |
11 | | otherwise dispose of
real
and personal property, or any |
12 | | interest therein, and to issue its bonds and
enter
into leases, |
13 | | contracts and other agreements with units of local government |
14 | | in
connection with such acquisitions, purchases, leases, sales |
15 | | and other
dispositions of such real and personal property; |
16 | | (m) To make loans to banks, savings and loans and other |
17 | | financial
institutions
for the purpose of purchasing or |
18 | | otherwise acquiring local government
securities, and to issue |
19 | | its bonds, and enter into agreements and contracts in
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20 | | connection with such loans; |
21 | | (n) To enter into agreements or contracts with any person |
22 | | necessary or
appropriate to place the payment obligations of |
23 | | the Authority under any of its
bonds in whole or in part on any |
24 | | interest rate basis, cash flow basis, or other
basis desired by |
25 | | the Authority, including without limitation agreements or
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26 | | contracts commonly known as "interest rate swap agreements", |
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1 | | "forward payment
conversion agreements", and "futures", or |
2 | | agreements or contracts to exchange
cash flows or a series of |
3 | | payments, or agreements or contracts, including
without |
4 | | limitation agreements or contracts commonly known as |
5 | | "options", "puts"
or "calls", to hedge payment, rate spread, or |
6 | | similar exposure; provided, that
any such agreement or contract |
7 | | shall not constitute an obligation for borrowed
money, and |
8 | | shall not be taken into account under
Section 845-5 of this Act |
9 | | or any
other debt limit of the Authority or the State of |
10 | | Illinois; |
11 | | (o) To make and enter into all other agreements and |
12 | | contracts and execute
all
instruments necessary or incidental |
13 | | to performance of its duties and the
execution of its powers |
14 | | under
this Article; |
15 | | (p) To contract for and finance the costs of energy audits, |
16 | | project-specific
engineering and design specifications, and |
17 | | any other related analyses
preliminary to an energy |
18 | | conservation project; and, to contract for and finance
the cost |
19 | | of project monitoring and data collection to verify |
20 | | post-installation
energy consumption and energy-related |
21 | | operating costs. Any such contract shall
be executed only after |
22 | | it has been jointly negotiated by the Authority and the
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23 | | Department; and |
24 | | (p-5) To purchase special service area bonds and to accept |
25 | | assignments or pledges, or both, of special service area bonds |
26 | | or agreements relating
to green special service area projects, |
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1 | | which
authority shall be liberally construed; and |
2 | | (q) To exercise such other powers as are necessary or |
3 | | incidental to the
foregoing. |
4 | | (Source: P.A. 93-205, eff. 1-1-04.) |
5 | | (20 ILCS 3501/820-25) |
6 | | Sec. 820-25. Unit of Local Government Participation. Any |
7 | | unit of local
government is authorized to voluntarily |
8 | | participate in this program. Any unit
of local government which |
9 | | is authorized to issue, sell and deliver its local
government |
10 | | securities under any provision of the Constitution or laws of |
11 | | the
State may issue, sell and deliver such local government |
12 | | securities to the
Authority under
this Article; provided that |
13 | | and notwithstanding
any other provision of law to the contrary, |
14 | | any such unit of local government
may issue and sell any such |
15 | | local government security at any interest rate or
rates, which |
16 | | rate or rates may be established by an index or formula which |
17 | | may
be implemented by persons appointed or retained for those |
18 | | purposes therefor , payable at such time
or times, and at such |
19 | | price or prices to which the unit of local government and
the |
20 | | Authority may agree. Any unit of local government may pay any |
21 | | amount
charged by the Authority pursuant to
this Article.
Any |
22 | | unit of local government participating in this program may pay |
23 | | out of the
proceeds of its local government securities or out |
24 | | of any other moneys or funds
available to it for such purposes |
25 | | any costs, fees, interest deemed necessary,
premium or reserves |
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1 | | incurred or required for financing or refinancing this
program, |
2 | | including without limitation any fees charged by the Authority
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3 | | pursuant
to
this Article and its share, as determined by the
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4 | | Authority, of any costs, fees, interest deemed necessary, |
5 | | premium or reserves
incurred or required pursuant to
Section |
6 | | 820-20 of this Act. All local
government securities purchased |
7 | | or otherwise acquired by the Authority pursuant
to this Act |
8 | | shall upon delivery to the Authority be accompanied by an |
9 | | approving
opinion of bond counsel as to the validity of such |
10 | | securities. The Authority
shall have discretion to purchase or |
11 | | otherwise acquire those local government
securities, as it |
12 | | shall deem to be in the best interest of its financing
program
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13 | | for all units of local government taken as a whole. Any unit of |
14 | | local government with the authority, in connection with green |
15 | | special service area projects, to provide special service area |
16 | | tax financing under the Special Service Area Tax Law is |
17 | | authorized to issue special service area bonds and sell or |
18 | | assign those special service area bonds to the Authority or to |
19 | | assign or pledge special service area bonds or agreements, or |
20 | | both, to the Authority. |
21 | | (Source: P.A. 93-205, eff. 1-1-04.) |
22 | | (20 ILCS 3501/820-37 new) |
23 | | Sec. 820-37. Unit of local government participation; |
24 | | bonds. The Authority may assist units of local government by |
25 | | establishing and implementing a program to issue their bonds |
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1 | | secured by special service area agreements assigned or pledged |
2 | | to the Authority by units of local government so as to provide |
3 | | financing for green special service area projects. The bonds of |
4 | | the Authority shall not constitute an indebtedness or |
5 | | obligation of the Authority or the State, and it shall be |
6 | | plainly stated on the face of each such bond that it does not |
7 | | constitute an indebtedness or obligation of the Authority or |
8 | | the State but is payable solely from the revenues, income, or |
9 | | other assets of the Authority that are pledged to the repayment |
10 | | of those bonds. |
11 | | Section 10. The Property Tax Code is amended by changing |
12 | | Section 27-5 and by adding Section 27-97 as follows: |
13 | | (35 ILCS 200/27-5) |
14 | | Sec. 27-5. Short title; definitions. This Article may be |
15 | | cited as the
Special Service Area Tax Law. |
16 | | When used in this Article: |
17 | | "Energy efficiency improvement" means any installation, |
18 | | modification, or replacement that reduces energy consumption |
19 | | in any multi-family residential, commercial, or industrial |
20 | | building, structure, or other facility, including, but not |
21 | | limited to, all of the following: |
22 | | (1) insulation in walls, roofs, floors, foundations, |
23 | | and heating and cooling distribution systems; |
24 | | (2) storm windows and doors, multiglazed windows and |
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1 | | doors, heat-absorbing or heat-reflective glazed and coated |
2 | | window and door systems, additional glazing, reductions in |
3 | | glass area, and other window and door system modifications; |
4 | | (3) automatic energy control systems; |
5 | | (4) high efficiency furnaces, lighting fixtures, |
6 | | ventilating, or air conditioning and distribution systems; |
7 | | (5) caulking and weather-stripping; |
8 | | (6) facilities, improvements, or systems to bring |
9 | | natural daylight into buildings; and |
10 | | (7) any other installation, modification, replacement, |
11 | | facility, improvement, rehabilitation, repair, or |
12 | | remodeling that is permanently affixed to the property and |
13 | | has the effect of reducing energy consumption. |
14 | | For the purposes of levying a special service area tax on |
15 | | the real property on which the energy efficiency improvement is |
16 | | located in a green special service area under the Special |
17 | | Service Area Tax Law in the Property Tax Code, any energy |
18 | | efficiency improvement shall be deemed to be real property. |
19 | | "Green special service area" means a special service area |
20 | | created pursuant to Section 27-97 of this Act for the purpose |
21 | | of providing special services that are energy efficiency |
22 | | improvements, renewable energy improvements, water use |
23 | | improvements, or a combination thereof. The corporate |
24 | | authorities of the municipality or county may establish (i) |
25 | | multiple green special service areas pursuant to a single |
26 | | ordinance or (ii) multiple buildings, structures, facilities, |
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1 | | improvements, or lots or parcels of land within a single green |
2 | | special service area, which are not required to be contiguous. |
3 | | Revenues from multiple green special service areas and revenues |
4 | | from multiple buildings, structures, facilities, improvements |
5 | | or lots or parcels of land within a single green special |
6 | | service area may be aggregated for a pledge as security for |
7 | | bonds issued pursuant to Section 27-45 of this Act. |
8 | | "Green special service area project" means any energy |
9 | | efficiency improvement, renewable energy improvement, or water |
10 | | use improvement, or any combination thereof. |
11 | | "Multi-family residential" means a building containing |
12 | | more than 4 units that is intended for human habitation, or any |
13 | | mixed residential-commercial buildings or portions thereof |
14 | | that are intended for human habitation. |
15 | | "Renewable energy improvement" means any fixture, product, |
16 | | system, device, or interacting group thereof, for or serving |
17 | | any multi-family residential, commercial, or industrial |
18 | | building, structure, or other facility that is permanently |
19 | | affixed to the property and produces energy from renewable |
20 | | resources as defined in Section 1-10 of the Illinois Power |
21 | | Agency Act. For purposes of levying a special service area tax |
22 | | on the real property on which the renewable energy improvement |
23 | | is located in a green special service area under the Special |
24 | | Service Area Tax Law and the Property Tax Code, any renewable |
25 | | energy improvement shall be deemed to be real property. |
26 | | "Special Service Area" means a contiguous area , except as |
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1 | | provided in this Act concerning green special service areas, |
2 | | within a municipality
or county in which special governmental |
3 | | services are provided in
addition to those services provided |
4 | | generally throughout the
municipality or county, the cost of |
5 | | the special services to be paid
from revenues collected from |
6 | | taxes levied or imposed upon property
within that area. |
7 | | Territory shall be considered contiguous for purposes
of this |
8 | | Article even though certain completely surrounded portions of |
9 | | the
territory are excluded from the special service area. A |
10 | | county may create
a special service area within a municipality |
11 | | or municipalities when the
municipality or municipalities |
12 | | consent to the creation of the special
service area. A |
13 | | municipality may create a special service area within a
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14 | | municipality and the unincorporated area of a county or within |
15 | | another
municipality when the county or other municipality |
16 | | consents to the creation
of the special service area. |
17 | | "Special Services" means all forms of services pertaining |
18 | | to the
government and affairs of the municipality or county, |
19 | | including
but not limited to weather modification , energy |
20 | | efficiency improvements, renewable energy improvements, water |
21 | | use improvements, and improvements permissible under
Article 9 |
22 | | of the Illinois Municipal Code, and contracts for the supply of
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23 | | water as described in Section 11-124-1 of the Illinois |
24 | | Municipal Code which
may be entered into by the municipality or |
25 | | by the county on behalf of a
county special service area. |
26 | | "Water use improvement" means any fixture, product, |
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1 | | system, device, or interacting group thereof, for or serving |
2 | | any multi-family residential, commercial, or industrial |
3 | | building, structure, or other facility that has the effect of |
4 | | conserving water resources through improved water management |
5 | | or efficiency. For the purposes of levying a special service |
6 | | area tax on the real property on which the water use |
7 | | improvement is located in a green special service area under |
8 | | the Special Service Area Tax Law in the Property Tax Code, any |
9 | | water use improvement shall be deemed to be real property. |
10 | | (Source: P.A. 86-1324; 88-445.) |
11 | | (35 ILCS 200/27-97 new) |
12 | | Sec. 27-97. Green special service areas. |
13 | | (a) The corporate authorities of a municipality or a county |
14 | | may establish a green special service area, or multiple green
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15 | | special service areas under a single ordinance, for the purpose |
16 | | of arranging for and financing energy efficiency improvements, |
17 | | renewable energy improvements, or water use improvements, the |
18 | | financing of which shall constitute a public purpose. Each |
19 | | green special service area shall include only property for |
20 | | which each owner of record has executed a contract or agreement |
21 | | consenting to the inclusion of the property within the green |
22 | | special service area, and such contract or agreement may be |
23 | | entered into after the adoption of the ordinance by the |
24 | | corporate authorities establishing the green special service |
25 | | area.
The inclusion, or, as applicable, deletion, of property |
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1 | | within the green special service area after the adoption of the |
2 | | ordinance by the corporate authorities establishing the green |
3 | | special service area may be made either (i) by the adoption of |
4 | | a supplemental or amending ordinance by the corporate |
5 | | authorities or (ii) pursuant to authority in the establishing |
6 | | ordinance designating one or more county or municipal officers, |
7 | | as applicable, to include or delete other properties. Green |
8 | | special service areas are exempt from the provisions of |
9 | | Sections 27-20, 27-25, 27-30, 27-35, 27-40, 27-50, 27-55, |
10 | | 27-60, 27-65, and 27-70 of the Special Service Area Tax Law. A |
11 | | municipality or a county may create a green special service |
12 | | area by an ordinance establishing the green special service |
13 | | area or multiple green special services areas. Notwithstanding |
14 | | anything in the Special Service Area Tax Law to the contrary, a |
15 | | county may establish a green special service area within a |
16 | | municipality without the consent of that municipality. Each |
17 | | owner of record of property within a green special service area |
18 | | may arrange for the specific energy efficiency improvements, |
19 | | renewable energy improvements, or water use improvements, and |
20 | | may obtain financing for such improvements through the process |
21 | | set forth in the ordinance establishing the green special |
22 | | service area. A green special service area may consist of a |
23 | | single building, structure, facility, improvement, or lot or
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24 | | parcel of land. The corporate authorities of a municipality or |
25 | | a county may establish multiple green special service areas |
26 | | pursuant to a single ordinance or may, within a single green |
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1 | | special service area, identify multiple buildings, structures, |
2 | | facilities, improvements, or lots or parcels of land, whether |
3 | | or not those buildings, structures, facilities, improvements, |
4 | | lots, or parcels are contiguous. However, each green special |
5 | | service area shall be established with respect to a single |
6 | | contract or agreement. Revenues derived from special service |
7 | | area taxes levied in multiple green special service areas or |
8 | | revenues from multiple buildings, structures, facilities, |
9 | | improvements or lots or parcels of land within a single green |
10 | | special service area may be aggregated for a pledge as security |
11 | | for bonds issued pursuant to Section 27-45 of the Special |
12 | | Service Area Tax Law. Municipalities and counties shall have |
13 | | the power to issue bonds under Section 27-45 of the Special |
14 | | Service Area Tax Law for the public purposes set forth in this |
15 | | Section 27-97; provided that it shall not be necessary to give |
16 | | notice of or to conduct a public hearing, as required in |
17 | | Section 27-45 of the Special Service Area Tax Law, in |
18 | | connection with the issuance of those bonds, as otherwise |
19 | | required by Section 27-45 of the Special Service Area Tax Law. |
20 | | (b) The corporate authorities of a county or municipality |
21 | | that establish a green special service area shall have the |
22 | | power to levy a special service area tax on the real property |
23 | | on which the energy use improvements, the renewable energy |
24 | | improvements, and the water use improvements are located if |
25 | | each owner of record has entered into a contract or agreement |
26 | | for those energy efficiency improvements, those renewable |
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1 | | energy improvements, and those water use improvements. It is |
2 | | not necessary to file a copy of the notice of public hearing |
3 | | with the County Clerk as otherwise required by Section 27-75 of |
4 | | the Special Service Area Tax Law. The contract or agreement |
5 | | entered into with the owner of the property shall be conclusive |
6 | | as to the due authorization and establishment of the applicable |
7 | | green special service area as it relates to those energy |
8 | | efficiency improvements, those renewable energy improvements, |
9 | | and those water use improvements and the amount of the special |
10 | | service area taxes to be levied and extended against the real |
11 | | property on which such energy efficiency improvements, such |
12 | | renewable energy improvements and such water use improvements |
13 | | are located. A contract or agreement may specify the amount of |
14 | | the special service area taxes levied pursuant to this Section |
15 | | on the real property on which the applicable energy efficiency |
16 | | improvements, renewable energy improvements, water use |
17 | | improvements, or a combination thereof are located or as |
18 | | applicable to the principal of and interest on bonds issued, |
19 | | including as a part of a larger pooled or composite issue, for |
20 | | financing such energy efficiency improvements, renewable |
21 | | energy improvements or water use improvements. The specified |
22 | | special service area tax levies in a contract or agreement when |
23 | | recorded as provided in subsection (c) of this Section and |
24 | | filed in the office of the recorder of the county where the |
25 | | real property is located shall be authority for each affected |
26 | | municipality or county to extend and collect the levied special |
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1 | | service area taxes for the applicable municipality or county, |
2 | | or both, with respect to each such contract or agreement. |
3 | | In the event that a municipality establishes a green |
4 | | special service area pursuant to this Section, the county clerk |
5 | | of the county in which the green special service area is |
6 | | located may agree to extend, and the county collector of that |
7 | | county may agree to collect, distribute, and account for, the |
8 | | special service area taxes on behalf of the municipality upon |
9 | | the establishment of the green special service area or at any |
10 | | time thereafter. Upon agreement, the county clerk shall |
11 | | continue to extend, and the county collector shall continue to |
12 | | collect, distribute, and account for the levied special service |
13 | | area taxes until the green special service area is dissolved. |
14 | | If the county clerk and the county collector agree to extend, |
15 | | collect, and account for the levied special service area taxes, |
16 | | the ordinance levying the special service area taxes in a green |
17 | | special service area shall be filed with the county clerk of |
18 | | that county. A municipality that establishes a green special |
19 | | service area may extend and collect the special service area |
20 | | taxes, and send out a separate tax bill with respect to those |
21 | | levied taxes. |
22 | | (c) Before entering into a contract or agreement as set |
23 | | forth in subsections (a) and (b) of this Section, a |
24 | | municipality or county must ensure the following: (i) that |
25 | | there are no delinquent taxes, special assessments, or water or |
26 | | sewer charges on the property; (ii) that the amount of the |
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1 | | assessment in relation to the assessed value of the property |
2 | | does not exceed 25%; (iii) that any existing mortgage holders |
3 | | have provided written consent; (iv) that a baseline audit or |
4 | | feasibility study, as well as a modeling of expected savings, |
5 | | has been conducted for the proposed project; (v) that the |
6 | | contractors to be used are registered and have agreed to adhere |
7 | | to a set of terms and conditions through a process established |
8 | | by the municipality or county; (vi) that the municipality or |
9 | | county will not authorize payment to the contractor until the |
10 | | property owner has provided verification that the improvement |
11 | | was properly installed and is operating as intended; (vii) that |
12 | | the term of the assessment does not exceed the useful life of |
13 | | the project paid for by the assessment, provided that projects |
14 | | that consist of multiple improvements with varying lengths of |
15 | | useful life shall have the lengths blended to determine an |
16 | | overall assessment term that does not exceed the useful life of |
17 | | the improvements in aggregate. |
18 | | (d) The contract or agreement in subsection (b) of this |
19 | | Section shall be in recordable form and shall be recorded in |
20 | | the office of the recorder in the county where the real |
21 | | property is located. |
22 | | (e) Any municipality or county with the authority to |
23 | | provide special service area financing in connection with green |
24 | | special service area projects, as provided in the Special |
25 | | Service Area Tax Law, may do any of the following: (i) issue |
26 | | special service area bonds pursuant to Section 27-45 of the |
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1 | | Special Service Area Tax Law, as provided in subsection (a) of |
2 | | this Section, (ii) sell or assign those bonds to the Illinois |
3 | | Finance Authority, and (iii) assign or pledge those special |
4 | | service area bonds, agreements relating to green special |
5 | | service area projects, or both to the Illinois Finance |
6 | | Authority. |
7 | | (f) A municipality or county may join with any other |
8 | | municipality or county, or with any person, or with any number |
9 | | or combination thereof, by contract or otherwise as may be |
10 | | permitted by law, in a program to implement green special |
11 | | service areas in whole or in part. |
12 | | (g) This Section shall be liberally construed to effect the |
13 | | legislative purpose of enabling eligible property owners to |
14 | | make energy efficiency improvements, renewable energy |
15 | | improvements, or water use improvements, or any combination |
16 | | thereof, to their properties. |
17 | | Section 15. The Counties Code is amended by changing |
18 | | Section 5-1005 as follows: |
19 | | (55 ILCS 5/5-1005) (from Ch. 34, par. 5-1005) |
20 | | Sec. 5-1005. Powers. Each county shall have power: |
21 | | 1. To purchase and hold the real and personal estate |
22 | | necessary for the
uses of the county, and to purchase and |
23 | | hold, for the benefit of the
county, real estate sold by |
24 | | virtue of judicial proceedings in which the
county is |
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1 | | plaintiff. |
2 | | 2. To sell and convey or lease any real or personal |
3 | | estate owned
by the county. |
4 | | 3. To make all contracts and do all other acts in |
5 | | relation to the
property and concerns of the county |
6 | | necessary to the exercise of its
corporate powers. |
7 | | 4. To take all necessary measures and institute |
8 | | proceedings to
enforce all laws for the prevention of |
9 | | cruelty to animals. |
10 | | 5. To purchase and hold or lease real estate upon which |
11 | | may be
erected and maintained buildings to be utilized for |
12 | | purposes of
agricultural experiments and to purchase, hold |
13 | | and use personal property
for the care and maintenance of |
14 | | such real estate in connection with such
experimental |
15 | | purposes. |
16 | | 6. To cause to be erected, or otherwise provided, |
17 | | suitable
buildings for, and maintain a county hospital and |
18 | | necessary branch
hospitals and/or a county sheltered care |
19 | | home or county nursing home for
the care of such sick, |
20 | | chronically ill or infirm persons as may by law
be proper |
21 | | charges upon the county, or upon other governmental units, |
22 | | and
to provide for the management of the same. The county |
23 | | board may
establish rates to be paid by persons seeking |
24 | | care and treatment in such
hospital or home in accordance |
25 | | with their financial ability to meet such
charges, either |
26 | | personally or through a hospital plan or hospital
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1 | | insurance, and the rates to be paid by governmental units, |
2 | | including the
State, for the care of sick, chronically ill |
3 | | or infirm persons admitted
therein upon the request of such |
4 | | governmental units. Any hospital
maintained by a county |
5 | | under this Section is authorized to provide any
service and |
6 | | enter into any contract or other arrangement not prohibited |
7 | | for
a hospital that is licensed under the Hospital |
8 | | Licensing Act, incorporated
under the General |
9 | | Not-For-Profit Corporation Act, and exempt from taxation
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10 | | under paragraph (3) of subsection (c) of Section 501 of the |
11 | | Internal Revenue Code. |
12 | | 7. To contribute such sums of money toward erecting, |
13 | | building,
maintaining, and supporting any non-sectarian |
14 | | public hospital located
within its limits as the county |
15 | | board of the county shall deem proper. |
16 | | 8. To purchase and hold real estate for the |
17 | | preservation of forests,
prairies and other natural areas |
18 | | and to maintain and regulate the use thereof. |
19 | | 9. To purchase and hold real estate for the purpose of |
20 | | preserving
historical spots in the county, to restore, |
21 | | maintain and regulate the
use thereof and to donate any |
22 | | historical spot to the State. |
23 | | 10. To appropriate funds from the county treasury to be |
24 | | used in
any manner to be determined by the board for the |
25 | | suppression,
eradication and control of tuberculosis among |
26 | | domestic cattle in such county. |
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1 | | 11. To take all necessary measures to prevent forest |
2 | | fires and encourage
the maintenance and planting of trees |
3 | | and the preservation of forests. |
4 | | 12. To authorize the closing on Saturday mornings of |
5 | | all
offices of all county officers at the county seat of |
6 | | each county, and to
otherwise regulate and fix the days and |
7 | | the hours of opening and closing
of such offices, except |
8 | | when the days and the hours of opening and
closing of the |
9 | | office of any county officer are otherwise fixed by law;
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10 | | but the power herein conferred shall not apply to the |
11 | | office of State's
Attorney and the offices of judges and |
12 | | clerks of courts and, in counties of
500,000 or more |
13 | | population, the offices of county clerk. |
14 | | 13. To provide for the conservation, preservation and
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15 | | propagation of insectivorous birds through the expenditure |
16 | | of funds
provided for such purpose. |
17 | | 14. To appropriate funds from the county treasury and |
18 | | expend
the same for care and treatment of tuberculosis |
19 | | residents. |
20 | | 15. In counties having less than 1,000,000 |
21 | | inhabitants, to
take all necessary or proper steps for the |
22 | | extermination of mosquitoes,
flies or other insects within |
23 | | the county. |
24 | | 16. To install an adequate system of accounts and |
25 | | financial
records in the offices and divisions of the |
26 | | county, suitable to the
needs of the office and in |
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1 | | accordance with generally accepted principles
of |
2 | | accounting for governmental bodies, which system may |
3 | | include such
reports as the county board may determine. |
4 | | 17. To purchase and hold real estate for the |
5 | | construction and
maintenance of motor vehicle parking |
6 | | facilities for persons using county
buildings, but the |
7 | | purchase and use of such real estate shall not be for
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8 | | revenue producing purposes. |
9 | | 18. To acquire and hold title to real property located |
10 | | within
the county, or partly within and partly outside the |
11 | | county by
dedication, purchase, gift, legacy or lease, for |
12 | | park and recreational
purposes and to charge reasonable |
13 | | fees for the use of or admission to
any such park or |
14 | | recreational area and to provide police protection for
such |
15 | | park or recreational area. Personnel employed to provide |
16 | | such
police protection shall be conservators of the peace |
17 | | within such park or
recreational area and shall have power |
18 | | to make arrests on view of the
offense or upon warrants for |
19 | | violation of any of the ordinances
governing such park or |
20 | | recreational area or for any breach of the peace
in the |
21 | | same manner as the police in municipalities organized and
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22 | | existing under the general laws of the State. All such real |
23 | | property outside
the county shall be contiguous to the |
24 | | county and within the boundaries of
the State of Illinois. |
25 | | 19. To appropriate funds from the county treasury to be |
26 | | used
to provide supportive social services designed to |
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1 | | prevent the unnecessary
institutionalization of elderly |
2 | | residents, or, for operation of, and
equipment for, senior |
3 | | citizen centers providing social services to elderly
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4 | | residents. |
5 | | 20. To appropriate funds from the county treasury and |
6 | | loan such funds
to a county water commission created under |
7 | | the "Water Commission Act",
approved June 30, 1984, as now |
8 | | or hereafter amended, in such amounts and
upon such terms |
9 | | as the county may determine or the county and the
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10 | | commission may agree. The county shall not under any |
11 | | circumstances be
obligated to make such loans. The county |
12 | | shall not be required to charge
interest on any such loans. |
13 | | 21. To appropriate and expend funds from the county |
14 | | treasury for economic development purposes, including the |
15 | | making of grants to any other governmental entity or |
16 | | commercial enterprise deemed necessary or desirable for |
17 | | the promotion of economic development in the county.
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18 | | 22. To lease space on a telecommunications tower to a |
19 | | public or private entity. |
20 | | 23. In counties having a population of 100,000 or less |
21 | | and a public building commission organized by the county |
22 | | seat of the county, to cause to be erected or otherwise |
23 | | provided, and to maintain or cause to be maintained, |
24 | | suitable facilities to house students pursuing a |
25 | | post-secondary education at an academic institution |
26 | | located within the county. The county may provide for the |
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1 | | management of the facilities. |
2 | | 24. To engage in and undertake activities related to |
3 | | and in connection with energy efficiency improvements, |
4 | | renewable energy improvements, and water use improvements, |
5 | | all as defined in the Special Service Area Tax Law, |
6 | | including, but not limited to, green special service area |
7 | | tax financing for energy efficiency improvements, |
8 | | renewable energy improvements, and water use improvements |
9 | | whether on public or private property, under the Special |
10 | | Service Area Tax Law. This item shall be liberally |
11 | | construed to effect the legislative purpose of enabling |
12 | | eligible property owners to make energy efficiency |
13 | | improvements, renewable energy improvements, and water use |
14 | | improvements to or serving the designated properties. |
15 | | All contracts for the purchase of coal under this Section |
16 | | shall be
subject to the provisions of "An Act concerning the |
17 | | use of Illinois mined
coal in certain plants and institutions", |
18 | | filed July 13, 1937, as amended. |
19 | | (Source: P.A. 95-197, eff. 8-16-07; 95-813, eff. 1-1-09; |
20 | | 96-622, eff. 8-24-09.) |
21 | | Section 20. The Illinois Municipal Code is amended by |
22 | | adding Division 15.4 to Article 11 as follows: |
23 | | (65 ILCS 5/Art. 11 Div. 15.4 heading new) |
24 | | DIVISION 15.4. GREEN SPECIAL SERVICE AREAS |
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1 | | (65 ILCS 5/11-15.4-1 new) |
2 | | Sec. 11-15.4-1. Green special service areas. Each |
3 | | municipality shall have the power and authority to engage in |
4 | | and undertake activities related to and in connection with |
5 | | energy efficiency improvements, renewable energy improvements, |
6 | | and water use improvements, all as defined in the Special |
7 | | Service Area Tax Law, including, but not limited to, green |
8 | | special service area tax financing for those energy efficiency |
9 | | improvements, renewable energy improvements, and water use |
10 | | improvements whether on public or private property, under the |
11 | | Special Service Area Tax Law. This Section shall be liberally |
12 | | construed to effect the legislative purpose of enabling |
13 | | property owners to make energy efficiency improvements, |
14 | | renewable energy improvements, or water use improvements to or |
15 | | serving the designated properties.
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16 | | Section 99. Effective date. This Act takes effect upon |
17 | | becoming law.".
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