Illinois Compiled Statutes 70 ILCS 1205/8-13a – Agreements related to solar energy
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Terms Used In Illinois Compiled Statutes 70 ILCS 1205/8-13a
- Contract: A legal written agreement that becomes binding when signed.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
Notwithstanding any other provision of this Code, a park district may enter into a lease, contract, or other agreement related to the acquisition of solar energy, including the installation, maintenance, and service of solar panels, equipment, or similar technology related to solar energy, for a period not to exceed 2.5 times the term of years provided for in Section 8-13 when authorized by the affirmative vote of two-thirds of the governing board of the park district.