Sec. 15. Public private agreement authorized.

185 words·~1 min read·/il/chapter-605/act-130/15

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

(a)Notwithstanding any provision of law to the contrary, the Department on behalf of the State may, pursuant to a competitive request for proposals process governed by the Illinois Procurement Code and rules adopted under that Code and this Act, enter into one or more public private agreements with one or more contractors to develop, finance, construct, manage, or operate the Illiana Expressway on behalf of the State, and further pursuant to which the contractors may receive certain revenues including user fees in consideration of the payment of moneys to the State for that right.

(b)Before taking any action in connection with the development, financing, maintenance, or operation of the Illiana Expressway that is not authorized by an interim agreement under Section 30 of this Act, a contractor shall enter into a public private agreement.

(c)The term of a public private agreement, including all extensions, shall be no more than 99 years.

(d)The term of a public private agreement may be extended but only if the extension is specifically authorized by the General Assembly by law.