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20 ILCS 3855/1-87

Management and operating agreements

Known as the Illinois Power Agency Act

The act spans §§ 20-3855-1-1 to 20-3855-1-95 (42 sections).

P.A. 95-481, eff. 8-28-07.

For projects costing the Agency $1,000,000,000 or more, the Agency shall enter into management and operating agreements for the relevant facility or facilities. Solicitation for any such management and operating agreement shall be pursuant to a request for proposals. The agreements must comply with the Internal Revenue Code and its regulations and shall not jeopardize the tax-exempt status of any bond issued in connection with a project for which the Agency entered into the agreement.

Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.