Full Text of SB0588 96th General Assembly
SB0588ham001 96TH GENERAL ASSEMBLY
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Electric Generation & Commerce Committee
Filed: 5/4/2010
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| AMENDMENT TO SENATE BILL 588
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| AMENDMENT NO. ______. Amend Senate Bill 588 by replacing | 3 |
| everything after the enacting clause with the following:
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| "Section 1. Short title. This Act may be cited as the | 5 |
| Southern Cook County Intergovernmental Cooperation Waste | 6 |
| Disposal and Energy Act. | 7 |
| Section 5. Findings. The General Assembly finds that there | 8 |
| is a need to promote the use of renewable energy resources, the | 9 |
| availability of waste disposal facilities, including | 10 |
| facilities designed to convert waste to energy, and employment | 11 |
| in the construction and operation of those facilities. The | 12 |
| General Assembly further finds that a means of meeting that | 13 |
| need is to authorize certain governmental units to join | 14 |
| together to acquire and construct facilities for those | 15 |
| purposes. |
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| Section 10. Definitions. For the purposes of this Act: | 2 |
| "Agency" means the joint action agency organized and | 3 |
| operating under this Act.
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| "Applicable law" means any provision of law, including this | 5 |
| Act, authorizing governmental units to issue bonds as the term | 6 |
| is defined in the Local Government Debt Reform Act. | 7 |
| "Board" means the board of directors of the Agency | 8 |
| organized under this Act. | 9 |
| "Bonds" means bonds as that term is defined in the Local | 10 |
| Government Debt Reform Act issued by the Agency payable from | 11 |
| one or more of the Agency's enterprise revenues and other | 12 |
| sources as the Agency may lawfully pledge, which sources may | 13 |
| include governmental unit bonds or proceeds or payments to be | 14 |
| made pursuant to an intergovernmental agreement. | 15 |
| "Enterprise revenues" means the revenues of a utility or | 16 |
| revenue producing enterprise of the Agency.
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| "Governing body" means the legislative body, council, | 18 |
| board, commission, trustees, or any other body, by whatever | 19 |
| name it is known, having charge of the corporate affairs of a | 20 |
| governmental unit. | 21 |
| "Governmental unit" means a county, township, | 22 |
| municipality, municipal corporation, unit of local government, | 23 |
| school district, public university, special district, public | 24 |
| corporation, or body corporate and politic, and all other local | 25 |
| governmental agencies, including any entity created by | 26 |
| intergovernmental agreement among any of the foregoing |
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| governmental units, but does not include any office, officer, | 2 |
| department, division, bureau, board, commission, or similar | 3 |
| agency of the State. | 4 |
| "Governmental unit bond" means any bond as such term is | 5 |
| defined in the Local Government Debt Reform Act authorized or | 6 |
| issued by or on behalf of a governmental unit under applicable | 7 |
| law. | 8 |
| "Intergovernmental agreement" means the agreement by which | 9 |
| the Agency is formed by the designated governmental units | 10 |
| pursuant to this Act. | 11 |
| "Members" means the governmental units joining pursuant to | 12 |
| intergovernmental agreement to organize the Agency under this | 13 |
| Act. | 14 |
| "Municipal waste" has the same meaning as in Section 3.290 | 15 |
| of the Environmental Protection Act. | 16 |
| "Project" means such land or rights in land within the | 17 |
| territorial limits of Blue Island, Illinois, or within 5 miles | 18 |
| of such territorial limits, and within such limits, any plant, | 19 |
| works, system, facility, machinery, intellectual property, or | 20 |
| other real or personal property of any nature whatsoever, | 21 |
| together with all parts thereof and appurtenances thereto, used | 22 |
| or useful in the collection, transportation, transfer, | 23 |
| storage, disposal, processing, treatment, recovery, and re-use | 24 |
| of municipal waste or in the generation, production, | 25 |
| distribution, transmission, purchase, sale, exchange, or | 26 |
| interchange of electrical energy derived from renewable energy |
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| resources or converting waste to energy sources, and in the | 2 |
| acquisition, extraction, conversion, transportation, storage, | 3 |
| or reprocessing of ancillary fuel of any kind for any such | 4 |
| purposes, or any interest in, or right to the use, services, | 5 |
| output, or capacity of any such plant, works, system, or | 6 |
| facilities; provided, however, the project shall not include a | 7 |
| combustion process to incinerate municipal waste. | 8 |
| "Resolution" means a resolution or ordinance, as may be | 9 |
| applicable, duly adopted by a governing body. | 10 |
| Section 15. Powers supplemental. The provisions of this Act | 11 |
| are intended to be supplemental and in addition to all other | 12 |
| powers or authorities granted to any governmental unit, shall | 13 |
| be construed liberally, and shall not be construed as a | 14 |
| limitation of any power or authority otherwise granted. | 15 |
| Section 20. Actions by resolution. All actions to be taken | 16 |
| by a governmental unit or the Agency pursuant to this Act shall | 17 |
| be fully effective if taken by resolution, but may also be | 18 |
| taken, at the discretion of a governing body, by ordinance. | 19 |
| Section 25. Agency status. The Agency as organized under | 20 |
| this Act shall be a unit of local government of the State and a | 21 |
| body politic and corporate. | 22 |
| Section 30. Organization. Any 2 or more of the governmental |
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| units named or described as follows: (a) the municipalities of | 2 |
| Blue Island, Calumet Park, Alsip, Robbins, Midlothian, and | 3 |
| Posen and (b) any municipality expressly invited by the | 4 |
| municipality of Blue Island and all or a portion of which is in | 5 |
| Cook County and any portion of which is within 5 miles of the | 6 |
| territorial limits of Blue Island, whether contiguous or | 7 |
| noncontiguous, may form the Agency authorized by this Act by | 8 |
| the execution of an intergovernmental agreement authorized by | 9 |
| resolution adopted by the governing body of each governmental | 10 |
| unit that elects to join the Agency for the purposes of | 11 |
| investigating the desirability of and necessity for providing | 12 |
| the Project and to develop the Project. The intergovernmental | 13 |
| agreement shall state or may state, as applicable, all of the | 14 |
| following: | 15 |
| (1) the name of the Agency and the date of its | 16 |
| establishment, which may be by reference to a date or the | 17 |
| dates of the resolutions adopted by the governing bodies, | 18 |
| and the duration of its existence, which may be perpetual; | 19 |
| (2) the names of the governmental units, from those | 20 |
| permitted to join as provided in this Act, that have | 21 |
| adopted the intergovernmental agreement and constitute the | 22 |
| initial members; | 23 |
| (3) the names and addresses of the persons initially | 24 |
| appointed in the resolutions adopting the | 25 |
| intergovernmental agreement to serve as initial directors | 26 |
| on the board and provision for the organizational meeting |
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| of the Agency; | 2 |
| (4) provision for the terms of office of the directors | 3 |
| and for alternate directors, if so provided, but those | 4 |
| directors and alternate directors shall always be selected | 5 |
| and vacancies in their offices declared and filled by | 6 |
| resolutions adopted by the governing body of the respective | 7 |
| governmental units; | 8 |
| (5) if so provided, provision for weighted voting among | 9 |
| the governmental units or by the directors; | 10 |
| (6) the location by city, village, or incorporated town | 11 |
| in the State of the principal office of the Agency; | 12 |
| (7) provision for amendment of the intergovernmental | 13 |
| agreement; | 14 |
| (8) if so provided, initial funding for the Agency, | 15 |
| which may include binding agreements of the governmental | 16 |
| units to provide money or to issue governmental unit bonds | 17 |
| for the benefit of the Agency, in connection with the | 18 |
| Project;
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| (9) provisions for the disposition, division, or | 20 |
| distribution of obligations, property, and assets of the | 21 |
| Agency upon dissolution; and | 22 |
| (10) any other provisions for regulating the business | 23 |
| of the Agency or the conduct of its affairs consistent with | 24 |
| this Act. | 25 |
| Section 35. Officers; board; bylaws. |
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| (a) At the organizational meeting of the board, the | 2 |
| directors shall elect from their members a presiding officer to | 3 |
| preside over the meetings of the board and an alternate | 4 |
| presiding officer and may elect an executive board. The board | 5 |
| shall determine and designate in the Agency's bylaws the titles | 6 |
| for the presiding officers. The directors shall also elect a | 7 |
| secretary and treasurer, who need not be directors. The board | 8 |
| may select other officers, employees, and agents as deemed to | 9 |
| be necessary, who need not be directors or residents of any of | 10 |
| the governmental units that are members. The board may | 11 |
| designate appropriate titles for all other officers, | 12 |
| employees, and agents. All persons selected by the board shall | 13 |
| hold their respective offices at the pleasure of the board and | 14 |
| give bond as may be required by the board. | 15 |
| (b) The board is the corporate authority of the Agency and | 16 |
| shall exercise all the powers and manage and control all of the | 17 |
| affairs and property of the Agency. The board shall have full | 18 |
| power to pass all necessary resolutions, rules, and regulations | 19 |
| for the proper management and conduct of the business of the | 20 |
| Agency and for carrying into effect the objects for which the | 21 |
| Agency was established. The board shall have not less than one | 22 |
| meeting each year for the election of officers and the | 23 |
| transaction of any other business. Unless otherwise provided by | 24 |
| this Act, the intergovernmental agreement, or the bylaws, an | 25 |
| act of the majority of the directors present at a meeting at | 26 |
| which a quorum is present is the act of the board. |
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| (c) The board shall adopt bylaws that may include, without | 2 |
| limitation, the following provisions: | 3 |
| (1) the rights and obligations of members, consistent | 4 |
| with the intergovernmental agreement and this Act; | 5 |
| (2) if not governed in the intergovernmental | 6 |
| agreement, then the manner of adding new members, from | 7 |
| those permitted to join as provided in this Act, and the | 8 |
| rights and obligations of such members; | 9 |
| (3) the time, place, and date of the regular meeting or | 10 |
| meetings and the procedures for calling special meetings of | 11 |
| the board; | 12 |
| (4) procedural rules; | 13 |
| (5) the composition, powers, and responsibilities of | 14 |
| any committee or executive board; | 15 |
| (6) the criteria as called for in subsection (u) of | 16 |
| Section 55 of this Act; and | 17 |
| (7) other rules or provisions for regulating the | 18 |
| affairs of the Agency as the board shall determine to be | 19 |
| advisable.
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| Section 40. Filing. Within 3 months after the | 21 |
| organizational meeting, the board shall cause a certified copy | 22 |
| of the intergovernmental agreement to be filed with the | 23 |
| Secretary of State. The Secretary of State shall accept the | 24 |
| filing and issue a certificate of approval over his or her | 25 |
| signature and the Great Seal of the State. |
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| Section 45. Place of business. The Agency shall maintain an | 2 |
| office in the State to be known as its principal office. If the | 3 |
| Agency desires to change the location of that office, then it | 4 |
| shall file with the Secretary of State a certificate of change | 5 |
| of location, stating the new address and the effective date of | 6 |
| change. Meetings of the board may be held at any place within | 7 |
| the State, designated by the board, after notice. | 8 |
| Section 50. Lawful expense of governmental unit. Each | 9 |
| member shall have full power and authority to appropriate money | 10 |
| from its general or corporate fund, by whatever name known, for | 11 |
| the payment of the expenses of the Agency and of its | 12 |
| representative in exercising its functions as a member of the | 13 |
| Agency. Each member shall have full power and authority, | 14 |
| subject to the provisions of applicable law, to agree to the | 15 |
| issuance and delivery of governmental unit bonds to aid the | 16 |
| Agency. | 17 |
| Section 55. Powers and duties. | 18 |
| (a) The Agency shall have all the powers and duties | 19 |
| enumerated in this Section in furtherance of the purposes of | 20 |
| this Act. In the exercise of those powers and duties it shall | 21 |
| be deemed to be performing an essential governmental function | 22 |
| and exercising a part of the sovereign powers of the State, | 23 |
| separate and distinct from member governmental units and shall |
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| have the privileges, immunities, and rights of a public body | 2 |
| politic and corporate, municipal corporation, and unit of local | 3 |
| government, but shall not have taxing power. All powers of the | 4 |
| Agency shall be exercised by its board unless otherwise | 5 |
| provided by the bylaws. | 6 |
| (b) The Agency may plan, finance, acquire, construct, | 7 |
| reconstruct, own, lease, operate, maintain, repair, improve, | 8 |
| extend, or otherwise participate in, individually or jointly, | 9 |
| with other persons or other entities of any type, the Project, | 10 |
| as proposed, existing, or under construction, acquire any | 11 |
| interest in or any right to products and services of the | 12 |
| Project, purchase, own, sell, dispose of, or otherwise | 13 |
| participate in securities issued in connection with the | 14 |
| financing of the Project or any portion thereof, and may act as | 15 |
| agent, or designate one or more persons, public agencies, or | 16 |
| other entities of any type, whether or not participating in the | 17 |
| Project, to act as its agent, in connection with the planning, | 18 |
| financing, acquisition, construction, reconstruction, | 19 |
| ownership, lease, operation, maintenance, repair, extension, | 20 |
| or improvement of the Project. | 21 |
| (c) The Agency may investigate the desirability of and | 22 |
| necessity for the Project and may make studies, surveys, and | 23 |
| estimates as may be necessary to determine the feasibility and | 24 |
| cost of the Project. | 25 |
| (d) The Agency may cooperate with other persons, public | 26 |
| agencies, or other entities of any type in the development of |
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| the Project. | 2 |
| (e) The Agency may apply for consents, authorizations, or | 3 |
| approvals required for the Project within its powers and take | 4 |
| all actions necessary to comply with the required conditions. | 5 |
| (f) The Agency may perform any act authorized by this Act | 6 |
| through, or by means of, its officers, agents, or employees or | 7 |
| by contract with others, including, without limitation, the | 8 |
| employment of engineers, architects, attorneys, appraisers, | 9 |
| financial advisors, and other consultants and employees as may | 10 |
| be required in the judgment of the Agency, and fix, and pay | 11 |
| their compensation from funds available to the Agency. The | 12 |
| Agency may create subsidiary entities, such as corporations, to | 13 |
| aid in the conduct of its business in connection with the | 14 |
| Project. | 15 |
| (g) The Agency may, individually or jointly with other | 16 |
| persons, public agencies, or other entities of any type, | 17 |
| acquire, hold, use, and dispose of income, revenues, funds, and | 18 |
| money in connection with the Project. | 19 |
| (h) The Agency may, individually or jointly with other | 20 |
| persons, public agencies, or other entities of any type, | 21 |
| acquire, own, hire, use, operate, and dispose of personal | 22 |
| property and any interest therein in connection with the | 23 |
| Project. | 24 |
| (i) The Agency may, individually or jointly with other | 25 |
| persons, public agencies, or other entities of any type, | 26 |
| acquire, own, use, lease as lessor or lessee, operate and |
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| dispose of real property and interests in real property in | 2 |
| connection with the Project. | 3 |
| (j) The Agency may grant the use by franchise, lease, or | 4 |
| otherwise and make charges for the use of any property or | 5 |
| facility owned or controlled by it. | 6 |
| (k) The Agency may borrow money and issue negotiable bonds, | 7 |
| secured or unsecured, in accordance with this Act. | 8 |
| (l) The Agency may invest money of the Agency not required | 9 |
| for immediate use, including proceeds from the sale of any | 10 |
| bonds, in such obligations, securities, and other investments | 11 |
| as authorized by the provisions of the Public Funds Investment | 12 |
| Act. | 13 |
| (m) Subject to the limitations provided in this Section, | 14 |
| the Agency may exercise the power of eminent domain in the | 15 |
| manner provided in the Eminent Domain Act in connection with | 16 |
| the Project and within the designated territorial limit of the | 17 |
| Project. Any acquisition of the Agency by eminent domain is | 18 |
| limited in that it shall not be exercised, under any | 19 |
| circumstances, in the taking of any property, real or personal, | 20 |
| of a public agency, corporation, company, limited liability | 21 |
| company, or other entity of any type, including an electric | 22 |
| cooperative, as defined in Section 3.4 of the Electric Supplier | 23 |
| Act, that owns, operates or controls any plant, building, land, | 24 |
| or equipment for or that is used or useful in the generation, | 25 |
| transmission, or distribution of electric power and energy in | 26 |
| connection with the furnishing thereof for sale or resale. |
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| (n) Within the designated territorial limit, the Agency may | 2 |
| determine the location and character of, and all other matters | 3 |
| in connection with the Project. | 4 |
| (o) The Agency may contract with any persons, public | 5 |
| agencies, or other entities of any type for the planning, | 6 |
| development, construction, or operation of the Project or for | 7 |
| the sale, transmission, or distribution of the products and | 8 |
| services of the Project, or for any interest in the products or | 9 |
| services or any right to such products and services, on terms | 10 |
| and for a period not in excess of 50 years of time as its board | 11 |
| shall determine. | 12 |
| (p) The Agency may enter into any contract or agreement | 13 |
| necessary, appropriate or incidental to the effectuation of its | 14 |
| lawful purposes in connection with the Project and the exercise | 15 |
| of the powers granted by this Act with respect to the Project | 16 |
| for a period not in excess of 50 years in time, including, | 17 |
| without limitation, contracts or agreements for the receipt and | 18 |
| disposal of municipal waste under this Act and the purchase, | 19 |
| sale, exchange, interchange, wheeling, pooling, transmission, | 20 |
| distribution, or storage of electrical energy and fuel of any | 21 |
| kind for any purposes in connection with the Project, within | 22 |
| and outside of the State, in amounts as it shall determine to | 23 |
| be necessary and appropriate to make the most effective use of | 24 |
| the Project and to meet its responsibilities, on terms and for | 25 |
| such period of time as its board determines. Any contract or | 26 |
| agreement may include provisions for requirements purchases, |
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| restraints on resale or other dealings, exclusive dealing, | 2 |
| pricing, territorial division, and other conduct or | 3 |
| arrangements that may have an anti-competitive effect. | 4 |
| Provided, however, that the production, interconnection, | 5 |
| transmission, distribution, and sale at wholesale or retail of | 6 |
| electric energy generated by the Project must be in accordance | 7 |
| with all laws, regulations, and rules applicable to generators | 8 |
| of electricity, alternative retail electric suppliers, | 9 |
| municipal utilities, or electric cooperatives, as applicable, | 10 |
| but further provided that this provision does not affect any | 11 |
| exemption otherwise available under the Public Utilities Act. | 12 |
| (q) The Agency may procure insurance against any losses in | 13 |
| connection with its property, operations, or assets in such | 14 |
| amounts and from such insurers as it deems desirable, or may | 15 |
| self-insure or enter into pooled insurance arrangements with | 16 |
| other governmental units against those losses. | 17 |
| (r) The Agency may contract for and accept any gifts or | 18 |
| grants or loans of funds or property or financial or other aid | 19 |
| in any form from any source and may comply, subject to the | 20 |
| provisions of this Act, with the terms and conditions of the | 21 |
| contract. | 22 |
| (s) The Agency may mortgage, pledge, and grant a security | 23 |
| interest in any or all of its real and personal property to | 24 |
| secure the payment of its bonds or contracts. | 25 |
| (t) That part of the Project owned by the Agency shall be | 26 |
| exempt from property taxes. The Agency shall, in lieu of |
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| property taxes, pay to any governmental unit authorized to levy | 2 |
| property taxes the amount that would be assessed as taxes on | 3 |
| 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 | 18 |
| 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 | 2 |
| according to criteria as may be established in the Agency's | 3 |
| bylaws. | 4 |
| (v) The Agency may adopt a corporate seal, and may sue and | 5 |
| be sued. | 6 |
| (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 | 2 |
| 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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| (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 |
|
|
|
09600SB0588ham001 |
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LRB096 06638 JDS 40846 a |
|
| 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 |
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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 |
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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 |
|
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|
09600SB0588ham001 |
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LRB096 06638 JDS 40846 a |
|
| 1 |
| Disposal and Energy Act. | 2 |
| Section 97. Severability. The provisions of this Act are | 3 |
| severable under Section 1.31 of the Statute on Statutes.
| 4 |
| Section 99. Effective date. This Act takes effect upon | 5 |
| becoming law.".
|
|