Sec. 25. Installment payment contract; lease purchase agreement.

385 words·~2 min read·/il/chapter-50/act-515/25

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Sec. 25. Installment payment contract; lease purchase agreement. A unit of local government, or units of local government in combination, may enter into an installment payment contract or lease purchase agreement with a qualified provider or with a third party, as authorized by law, for the funding or financing of the purchase and installation of energy conservation measures by a qualified provider. Every unit of local government may issue certificates evidencing the indebtedness incurred pursuant to the contracts or agreements.

Any such contract or agreement shall be valid whether or not an appropriation with respect thereto is first included in any annual or supplemental budget adopted by the unit of local government. Each contract or agreement entered into by a unit of local government pursuant to this Section shall be authorized by official action of the unit of local government's governing body. The authority granted under this Section is in addition to any other authority granted by law.

If an energy audit is performed by an energy services contractor for a unit of local government within the 3 years immediately preceding the solicitation, then the unit of local government must publish as a reference document in the solicitation for energy conservation measures the following:

(1)an executive summary of the energy audit provided that the unit of local government

may exclude any proprietary or trademarked information or practices; or

(2)the energy audit provided that the unit of local government may redact any

proprietary or trademarked information or practices.

A unit of local government may not withhold the disclosure of information related to

(i)the unit of local government's consumption of energy,

(ii)the physical condition of the unit of local government's facilities, and

(iii)any limitations prescribed by the unit of local government.

The solicitation must include a written disclosure that identifies any energy services contractor that participated in the preparation of the specifications issued by the unit of local government. If no energy services contractor participated in the preparation of the specifications issued by the unit of local government, then the solicitation must include a written disclosure that no energy services contractor participated in the preparation of the specifications for the unit of local government. The written disclosure shall be published in the Capital Development Board Procurement Bulletin with the Request for Proposal.