In its role as the Climate Bank for the State, the Authority shall consider the following purposes:
         (1) the distribution of the benefits of clean
    
energy in an equitable manner, including by evaluating benefits to eligible communities and equity investment eligible persons;
        (2) making clean energy accessible to all,
    
especially eligible persons, through financing opportunities and grants for minority-owned businesses, as defined in the Business Enterprise for Minorities, Women, and Persons with Disabilities Act, and for low-income communities, eligible communities, environmental justice communities, and the businesses that serve these communities; and
        (3) accelerating the investment of private capital
    
into clean energy projects in a manner reflective of the geographic, racial, ethnic, gender, and income-level diversity of the State.

Terms Used In Illinois Compiled Statutes 20 ILCS 3501/850-15

  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • State: when applied to different parts of the United States, may be construed to include the District of Columbia and the several territories, and the words "United States" may be construed to include the said district and territories. See Illinois Compiled Statutes 5 ILCS 70/1.14
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