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| Public Act 100-0177 | ||||
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AN ACT concerning local government.
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Be it enacted by the People of the State of Illinois,
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represented in the General Assembly:
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Section 5. The Illinois Municipal Code is amended by | ||||
changing Section 11-119.1-3 as follows:
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(65 ILCS 5/11-119.1-3) (from Ch. 24, par. 11-119.1-3)
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Sec. 11-119.1-3.
The following terms whenever used or | ||||
referred to in
this Division, shall have the following meanings | ||||
unless the context requires otherwise:
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(1) "Agency agreement" means the written agreement | ||||
between 2 or more municipalities
establishing a municipal | ||||
power agency.
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(2) "Bonds" means revenue bonds, notes and other | ||||
evidences of obligations
of a municipal power agency issued | ||||
under the provisions of this Division.
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(3) "Eligible utility" means a public agency or other | ||||
entity of any type,
including an electric cooperative as | ||||
defined in Section 3.4 of the Electric
Supplier Act, which | ||||
(i) owns, operates or controls any plant or equipment for
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the generation,
transmission or distribution of electric | ||||
power and energy in connection
with the furnishing thereof | ||||
for sale or resale or (ii) is an independent system | ||||
operator within the electrical power system, a regional | ||||
transmission organization within the electrical power | ||
system, or an entity that participates as a buyer or seller | ||
in an organized independent system operator market or | ||
regional transmission organization market.
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(4) "Governing body" means, with respect to a | ||
municipality, the council,
city council, board of | ||
trustees, or other corporate authority of the municipality
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which exercises the general governmental powers of such | ||
municipality.
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(5) "Municipal power agency" means a body politic and | ||
corporate, municipal
corporation and unit of local | ||
government of the State of Illinois organized
in accordance | ||
with the provisions of this Division.
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(6) "Municipality" means a city, village or | ||
incorporated town in the State
of Illinois owning or | ||
operating an electric utility which furnishes retail
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electric service to the public.
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(7) "Project" means any plant, works, system, | ||
facility, and real and personal
property of any nature | ||
whatsoever, together with all parts thereof and | ||
appurtenances
thereto, used or useful in the generation, | ||
production, distribution, transmission,
purchase, sale, | ||
exchange or interchange of electrical energy and in the
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acquisition, extraction, conversion, transportation, | ||
storage
or reprocessing of fuel of any kind for any such | ||
purposes, or any interest
in, or right to the use, | ||
services, output or capacity, of any such plant,
works, | ||
system or facilities.
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(8) "Public agency" means any municipality, political | ||
subdivision, municipal
corporation, unit of local | ||
government, governmental unit, or public corporation
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operated by or pursuant to the laws of the State of | ||
Illinois, of another
state or of the United States, and any | ||
state, the United States, and any
commission, board, bureau | ||
or other body declared by the laws of any state
or the | ||
United States to be a department, agency, or | ||
instrumentality thereof.
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(Source: P.A. 83-997.)
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