Bill Text: IL HB5788 | 2017-2018 | 100th General Assembly | Introduced

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

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Failed) 2019-01-08 - Session Sine Die [HB5788 Detail]

Download: Illinois-2017-HB5788-Introduced.html

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100TH GENERAL ASSEMBLY State of Illinois 2017 and 2018 HB5788 Introduced , by Rep. Katie Stuart SYNOPSIS AS INTRODUCED:
30 ILCS 500/25-45
Amends the Illinois Procurement Code. Provides that, among other types of contracts, renewable energy resources contracts and leases may be entered into for a period of time deemed to be in the best interest of the State but not exceeding 15 years inclusive of proposed contract or lease renewals. Makes conforming changes. Defines "renewable energy resources". Effective immediately.
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A BILL FOR
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AN ACT concerning finance.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Illinois Procurement Code is amended by
changing Section 25-45 as follows:
(30 ILCS 500/25-45)
Sec. 25-45. Energy conservation program contracts; energy
savings and renewable energy resources contracts or leases.
(a) For the purposes of this Section: , an
"Energy energy savings contract or lease" means a contract
or lease for an improvement, repair, alteration, betterment,
equipment, fixture, or furnishing that is designed to reduce
energy consumption or operating costs, and that includes an
agreement that payments, except obligations on termination of
the contract or lease before its expiration, shall be made over
time and that savings are guaranteed to the extent practicable
to pay for the cost of the improvement, repair, alteration,
betterment, equipment, fixture, or furnishing.
"Renewable energy resources" has the meaning ascribed to
that term in Section 1-10 of the Illinois Power Agency Act.
(b) State purchasing officers may enter into energy
conservation program contracts or energy savings contracts or
leases that provide for utility cost savings. Notwithstanding

HB5788 - 2 - LRB100 19908 RJF 35188 b
any other law to the contrary, energy savings contracts or
leases may include an alternative financing or lease to
purchase option.
(c) Energy conservation program contracts, or energy
savings contracts and leases, or renewable energy resources
contracts and leases may be entered into for a period of time
deemed to be in the best interest of the State but not
exceeding 15 years inclusive of proposed contract or lease
renewals.
(d) The chief procurement officer shall promulgate and
adopt rules for the implementation of this Section.
(Source: P.A. 100-23, eff. 7-6-17.)
Section 99. Effective date. This Act takes effect upon
becoming law.