Bill Text: IL HB3398 | 2019-2020 | 101st General Assembly | Engrossed
Bill Title: Amends the Illinois Procurement Code. Provides that State purchasing officers or a State agency may enter into renewable energy resources contracts and leases for a period of time deemed to be in the best interest of the State, but not exceeding 25 years inclusive of proposed contract or lease renewals. Defines "renewable energy resources". Effective immediately.
Spectrum: Moderate Partisan Bill (Democrat 4-1)
Status: (Introduced - Dead) 2019-04-12 - Rule 19(a) / Re-referred to Rules Committee [HB3398 Detail]
Download: Illinois-2019-HB3398-Engrossed.html
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| 1 | AN ACT concerning finance.
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| 2 | Be it enacted by the People of the State of Illinois,
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| 3 | represented in the General Assembly:
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| 4 | Section 5. The Illinois Procurement Code is amended by | ||||||
| 5 | adding Section 25-47 as follows:
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| 6 | (30 ILCS 500/25-47 new) | ||||||
| 7 | Sec. 25-47. Renewable energy resources contracts or | ||||||
| 8 | leases. State purchasing officers or a State agency may enter | ||||||
| 9 | into renewable energy resources contracts and leases for a | ||||||
| 10 | period of time deemed to be in the best interest of the State, | ||||||
| 11 | but not exceeding 25 years inclusive of proposed contract or | ||||||
| 12 | lease renewals. For the purposes of this Section, "renewable | ||||||
| 13 | energy resources" has the meaning ascribed to that term in | ||||||
| 14 | Section 1-10 of the Illinois
Power Agency Act.
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| 15 | Section 99. Effective date. This Act takes effect upon | ||||||
| 16 | becoming law.
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