Illinois Statutes
§ 1-87 — Management and operating agreements
Illinois·Topic GOVERNMENT·Ch. 20 EXECUTIVE BRANCH·Act 20 ILCS 3855/ Illinois Power Agency Act.·Art. Article 1 - The Illinois Power Agency Act
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.
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Legislative History
(Source: P.A. 95-481, eff. 8-28-07.)
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