Illinois 2023-2024 Regular Session

Illinois House Bill HB3927 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB3927 Introduced , by Rep. Jay Hoffman SYNOPSIS AS INTRODUCED: New Act5 ILCS 140/7.5 30 ILCS 235/2 from Ch. 85, par. 902 Creates the Public-Private Partnerships Act. Provides that the intent of the Act, among others, is to authorize responsible public entities to develop and enter into public-private partnership agreements for qualifying projects which result in the availability of such projects to the public in a more timely and less costly fashion, thereby serving the public safety, benefit, and welfare. Creates the Infrastructure Investment Commission, including its membership and duties. Establishes the qualifications and processes related to unsolicited proposals for projects that become public-private agreements for the building, upgrading, providing of services, operating, ownership or financing of facilities. Sets forth the procedures and standards for the formation of public-private agreements between public and private entities, including the powers of the entities and the provisions of the agreements. Establishes development and operation standards for projects. Includes provisions related to the taxation and financial arrangements related to public-private partnerships. Sets forth additional provisions related to: the acquisition of property; law enforcement; and additional powers of responsible public entities with respect to qualifying projects. Makes conforming changes in the Freedom of Information Act and the Public Funds Investment Act. LRB103 31057 DTM 57677 b A BILL FOR 103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB3927 Introduced , by Rep. Jay Hoffman SYNOPSIS AS INTRODUCED: New Act5 ILCS 140/7.5 30 ILCS 235/2 from Ch. 85, par. 902 New Act 5 ILCS 140/7.5 30 ILCS 235/2 from Ch. 85, par. 902 Creates the Public-Private Partnerships Act. Provides that the intent of the Act, among others, is to authorize responsible public entities to develop and enter into public-private partnership agreements for qualifying projects which result in the availability of such projects to the public in a more timely and less costly fashion, thereby serving the public safety, benefit, and welfare. Creates the Infrastructure Investment Commission, including its membership and duties. Establishes the qualifications and processes related to unsolicited proposals for projects that become public-private agreements for the building, upgrading, providing of services, operating, ownership or financing of facilities. Sets forth the procedures and standards for the formation of public-private agreements between public and private entities, including the powers of the entities and the provisions of the agreements. Establishes development and operation standards for projects. Includes provisions related to the taxation and financial arrangements related to public-private partnerships. Sets forth additional provisions related to: the acquisition of property; law enforcement; and additional powers of responsible public entities with respect to qualifying projects. Makes conforming changes in the Freedom of Information Act and the Public Funds Investment Act. LRB103 31057 DTM 57677 b LRB103 31057 DTM 57677 b A BILL FOR
2	2	103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB3927 Introduced , by Rep. Jay Hoffman SYNOPSIS AS INTRODUCED:
3	3	New Act5 ILCS 140/7.5 30 ILCS 235/2 from Ch. 85, par. 902 New Act 5 ILCS 140/7.5 30 ILCS 235/2 from Ch. 85, par. 902
4	4	New Act
5	5	5 ILCS 140/7.5
6	6	30 ILCS 235/2 from Ch. 85, par. 902
7	7	Creates the Public-Private Partnerships Act. Provides that the intent of the Act, among others, is to authorize responsible public entities to develop and enter into public-private partnership agreements for qualifying projects which result in the availability of such projects to the public in a more timely and less costly fashion, thereby serving the public safety, benefit, and welfare. Creates the Infrastructure Investment Commission, including its membership and duties. Establishes the qualifications and processes related to unsolicited proposals for projects that become public-private agreements for the building, upgrading, providing of services, operating, ownership or financing of facilities. Sets forth the procedures and standards for the formation of public-private agreements between public and private entities, including the powers of the entities and the provisions of the agreements. Establishes development and operation standards for projects. Includes provisions related to the taxation and financial arrangements related to public-private partnerships. Sets forth additional provisions related to: the acquisition of property; law enforcement; and additional powers of responsible public entities with respect to qualifying projects. Makes conforming changes in the Freedom of Information Act and the Public Funds Investment Act.
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10	10	A BILL FOR
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13	13	1 AN ACT concerning transportation.
14	14	2 Be it enacted by the People of the State of Illinois,
15	15	3 represented in the General Assembly:
16	16	4 Article 1. Purpose; Authority
17	17	5 Section 1-1. Short title. This Act may be cited as the
18	18	6 Public-Private Partnerships Act.
19	19	7 Section 1-5. Legislative findings and declaration.
20	20	8 (a) It is hereby found and declared that it is the public
21	21	9 policy and the public purpose of the State to promote the
22	22	10 development, financing, providing of services, and operation
23	23	11 of facilities that serve the needs of the public.
24	24	12 (b) It is hereby found and declared that there are
25	25	13 inadequate public resources to develop, modernize, refurbish,
26	26	14 and maintain public infrastructure and services in a timely
27	27	15 and cost certain manner, and that such need is impeded by
28	28	16 existing methods of procurement and funding.
29	29	17 (c) It is hereby found and declared that authorizing
30	30	18 private entities to do all or part of the development,
31	31	19 planning, design, construction, maintenance, repair,
32	32	20 rehabilitation, expansion, financing, and operation of one or
33	33	21 more facilities, and the providing of services, can result in
34	34	22 the availability of facilities and services to the public in a
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38	38	103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB3927 Introduced , by Rep. Jay Hoffman SYNOPSIS AS INTRODUCED:
39	39	New Act5 ILCS 140/7.5 30 ILCS 235/2 from Ch. 85, par. 902 New Act 5 ILCS 140/7.5 30 ILCS 235/2 from Ch. 85, par. 902
40	40	New Act
41	41	5 ILCS 140/7.5
42	42	30 ILCS 235/2 from Ch. 85, par. 902
43	43	Creates the Public-Private Partnerships Act. Provides that the intent of the Act, among others, is to authorize responsible public entities to develop and enter into public-private partnership agreements for qualifying projects which result in the availability of such projects to the public in a more timely and less costly fashion, thereby serving the public safety, benefit, and welfare. Creates the Infrastructure Investment Commission, including its membership and duties. Establishes the qualifications and processes related to unsolicited proposals for projects that become public-private agreements for the building, upgrading, providing of services, operating, ownership or financing of facilities. Sets forth the procedures and standards for the formation of public-private agreements between public and private entities, including the powers of the entities and the provisions of the agreements. Establishes development and operation standards for projects. Includes provisions related to the taxation and financial arrangements related to public-private partnerships. Sets forth additional provisions related to: the acquisition of property; law enforcement; and additional powers of responsible public entities with respect to qualifying projects. Makes conforming changes in the Freedom of Information Act and the Public Funds Investment Act.
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46	46	A BILL FOR
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52	52	New Act
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54	54	30 ILCS 235/2 from Ch. 85, par. 902
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73	73	1 more timely, more efficient, or less costly fashion, thereby
74	74	2 serving the public safety and welfare. Properly planned and
75	75	3 structured public-private partnerships and unsolicited
76	76	4 proposals can help meet such needs by improving the schedule
77	77	5 for delivery, lowering the cost, and providing additional
78	78	6 funding. Obtaining private sector financing using a P3 model
79	79	7 leverages resources to meet the demand for new infrastructure
80	80	8 and services in the State. Pension funds, private investors,
81	81	9 developers, contractors, and other private entities through a
82	82	10 public-private partnership can use long-term financing to
83	83	11 invest in public infrastructure and services and further use
84	84	12 their private expertise in construction, design-build,
85	85	13 management and oversight, project life-cycle planning, and
86	86	14 other areas of expertise not employed by public entities.
87	87	15 Private capital invested in infrastructure and service
88	88	16 investments have the potential to generate stable long-term
89	89	17 returns while ensuring public infrastructure and services are
90	90	18 progressively maintained to benefit State residents. Pension
91	91	19 funds and insurance companies seek investments to match their
92	92	20 long-term liabilities.
93	93	21 (d) It is hereby found and declared that citizens have a
94	94	22 right to transparency and public accountability, including
95	95	23 dissemination of information about the public benefits of P3
96	96	24 projects, open, equitable, transparent, proactive, and
97	97	25 effective communications with the public achieved through
98	98	26 consistent communication activities that recognize the
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109	109	1 respective contributions of the responsible public entity and
110	110	2 the partnering private entity.
111	111	3 (e) It is hereby found and declared that public-private
112	112	4 agreements entered into by private entities and responsible
113	113	5 public entities under this Act shall allow for:
114	114	6 (1) transparency, oversight, and public information
115	115	7 sharing;
116	116	8 (2) compliance with all State and federal
117	117	9 environmental laws;
118	118	10 (3) fairness for local jurisdictions when negotiating
119	119	11 the public-private agreements;
120	120	12 (4) the public sector to gain access to new revenue
121	121	13 sources;
122	122	14 (5) new service delivery capacity;
123	123	15 (6) the optimal sharing of risk based upon P3 best
124	124	16 practice, industry feedback, relevant project precedents,
125	125	17 and prevailing market conditions;
126	126	18 (7) cost and schedule certainty; and
127	127	19 (8) predicted service quality, performance,
128	128	20 innovation, and whole-of-life asset management.
129	129	21 Section 1-10. Actions serving a public purpose. Actions
130	130	22 pursuant to this Act serve the public purposes of this Act if
131	131	23 such actions facilitate the timely development, planning,
132	132	24 design, construction, maintenance, repair, rehabilitation,
133	133	25 expansion, financing, or operation of a qualifying project.
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144	144	1 Section 1-15. Intent. It is the intent of this Act to:
145	145	2 (1) Authorize responsible public entities to develop
146	146	3 and enter into public-private partnership agreements for
147	147	4 qualifying projects which result in the availability of
148	148	5 such projects to the public in a more timely and less
149	149	6 costly fashion, thereby serving the public safety,
150	150	7 benefit, and welfare.
151	151	8 (2) Permit responsible public entities to receive and
152	152	9 consider unsolicited proposals from private sector parties
153	153	10 in a manner that eliminates the perception of bias,
154	154	11 ensures transparency, fairness, and best value for the
155	155	12 responsible public entity and which bring innovative
156	156	13 concepts and ideas to benefit responsible public entities.
157	157	14 (3) Grant public and private entities the greatest
158	158	15 possible flexibility in contracting with each other for
159	159	16 the provision of infrastructure and public services.
160	160	17 (4) Encourage investment in the State by private
161	161	18 entities that facilitates services, development, planning,
162	162	19 design, construction, maintenance, repair,
163	163	20 rehabilitation, expansion, financing, and operation of
164	164	21 facilities.
165	165	22 (5) Establish an Infrastructure Investment Commission
166	166	23 that focuses on supporting and promoting P3 procurement
167	167	24 models and unsolicited proposals that result in the
168	168	25 construction, renewal, or material enhancement of public
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179	179	1 services and infrastructure.
180	180	2 (6) Provide responsible public entities:
181	181	3 (A) the best-in-class project tools, expertise,
182	182	4 and resources to develop predictable procedures for
183	183	5 developing P3 projects and unsolicited proposals; and
184	184	6 (B) a process to submit unsolicited proposals to
185	185	7 responsible public entities that protects their
186	186	8 proprietary trade information.
187	187	9 (7) Provide responsible public entities and private
188	188	10 entities with:
189	189	11 (A) clarity on the intake process, evaluation, and
190	190	12 procedural aspects of unsolicited proposals; and
191	191	13 (B) a process that is short and stable resulting
192	192	14 in a competitive market and lower costs.
193	193	15 (8) Develop a steady flow of P3 projects to benefit
194	194	16 both private entities and responsible public entities.
195	195	17 (9) Establish transparency and accountability
196	196	18 guidelines for P3 projects and unsolicited proposals.
197	197	19 (10) Support the use of State design professionals,
198	198	20 construction companies, and workers to the greatest extent
199	199	21 possible by offering them the right to compete for this
200	200	22 work.
201	201	23 (11) Ensure open, equitable, transparent, proactive,
202	202	24 and effective communication with the public.
203	203	25 (12) Improve upon project development due diligence
204	204	26 practices.
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215	215	1 (13) Support the use of local, minority-owned, and
216	216	2 women-owned business enterprises and economically
217	217	3 disadvantaged firms to the greatest extent possible.
218	218	4 (14) Create jobs and provide training for those jobs
219	219	5 for minorities, women, and veterans to the greatest extent
220	220	6 possible.
221	221	7 (15) Facilitate and encourage the use of pension funds
222	222	8 to develop qualifying projects.
223	223	9 (16) Leverage private sector expertise and capital in
224	224	10 support of efficient, innovative, and timely P3
225	225	11 investments.
226	226	12 (17) Serve as a catalyst for the development of
227	227	13 public-private partnerships and unsolicited proposals in
228	228	14 the State.
229	229	15 (18) Authorize public-private agreements that
230	230	16 distribute the risk optimally between both the private and
231	231	17 public-sector partners.
232	232	18 (19) Support economic growth, clean air and water, a
233	233	19 healthy environment, and stronger communities.
234	234	20 Section 1-20. Construction; authority.
235	235	21 (a) The powers conferred by this Act shall be liberally
236	236	22 construed in order to accomplish their purposes and are in
237	237	23 addition and supplemental to the powers conferred by any other
238	238	24 law. If any other law or rule is inconsistent with this Act,
239	239	25 this Act is controlling as to any public-private agreement and
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250	250	1 financing of any project subject to a public-private agreement
251	251	2 entered into under this Act.
252	252	3 (b) This Act contains full and complete authority for
253	253	4 responsible public entities to enter into agreements,
254	254	5 financing, and leases with private entities to carry out the
255	255	6 activities described in this Act. Except as provided in this
256	256	7 Act, no procedure, proceeding, publication, notice, consent,
257	257	8 approval, order, or act by a responsible public entity or any
258	258	9 other State or local government or official is required to
259	259	10 enter into an agreement or lease, and no law to the contrary
260	260	11 affects, limits, or diminishes the authority for agreements
261	261	12 and leases with private entities.
262	262	13 (c) To the extent that this Act permits or requires a
263	263	14 responsible public entity or a private entity to carry out or
264	264	15 comply with any law other than this Act under a public-private
265	265	16 agreement, the action shall be carried out in conformity with
266	266	17 this Act.
267	267	18 (d) Each responsible public entity may exercise any powers
268	268	19 provided under this Act in participation or cooperation with
269	269	20 any governmental entity and enter into any contracts to
270	270	21 facilitate that participation or cooperation without
271	271	22 compliance with any other statute. Each responsible public
272	272	23 entity shall cooperate with each other and with other
273	273	24 governmental entities in carrying out qualifying projects
274	274	25 under this Act.
275	275	26 (e) A unit of local government may not take any action that
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286	286	1 would have the effect of impairing a public-private agreement
287	287	2 under this Act, except that this Section shall not diminish
288	288	3 any existing police power or other power provided by law to a
289	289	4 unit of local government.
290	290	5 (f) Notwithstanding any provision of law to the contrary,
291	291	6 any public-private agreement entered into under a
292	292	7 public-private partnership shall include a provision requiring
293	293	8 any employer on the project to enter into a labor peace
294	294	9 agreement with any bona fide labor organization representing,
295	295	10 or attempting to represent, its employees, including employees
296	296	11 employed in classifications within the craft jurisdiction, or
297	297	12 in classifications called by different names when performing
298	298	13 similar duties.
299	299	14 Section 1-25. Definitions. As used in this Act:
300	300	15 "Affected jurisdiction" means the following:
301	301	16 (1) The State and any or all of its departments,
302	302	17 divisions, agencies, authorities, or other subdivisions or
303	303	18 parts of the State.
304	304	19 (2) Any county, municipality, township, special
305	305	20 district, or unit designated as a unit of local government
306	306	21 by law in which all or a part of a qualifying project is
307	307	22 located.
308	308	23 (3) Any other public entity directly affected by the
309	309	24 qualifying project.
310	310	25 "Authority" means the Illinois State Toll Highway
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321	321	1 Authority.
322	322	2 "Bona fide labor organization" means a labor organization
323	323	3 recognized under the National Labor Relations Act as a bona
324	324	4 fide labor organization or a labor organization with an
325	325	5 accredited training program that is recognized by the Illinois
326	326	6 Community College Board and the Higher Learning Commission.
327	327	7 "Commercially confidential meetings" means bilateral
328	328	8 meetings prior to the execution of a project agreement between
329	329	9 the responsible public entity and private sector entities
330	330	10 (along with their respective advisors) to discuss matters such
331	331	11 as the project agreement and proponent's suggested amendments
332	332	12 to the project agreement, project design matters, and
333	333	13 innovation submissions.
334	334	14 "Contractor" means a private entity that has entered into
335	335	15 a public-private agreement with the responsible public entity
336	336	16 to provide services to or on behalf of the responsible public
337	337	17 entity.
338	338	18 "Department" means the Department of Transportation.
339	339	19 "Design-build agreement" means the agreement between the
340	340	20 selected private entity and the responsible public entity
341	341	21 under which the selected private entity agrees to furnish
342	342	22 design, construction, and related services for a facility
343	343	23 under this Act.
344	344	24 "Develop" or "development" means to do one or more of the
345	345	25 following: plan, design, develop, lease, acquire, install,
346	346	26 construct, reconstruct, rehabilitate, extend, or expand, or
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357	357	1 provide any other service.
358	358	2 "Employees employed in classifications within the craft
359	359	3 jurisdiction" means all maintenance employees, including, but
360	360	4 not limited to, stationary engineers, building engineers,
361	361	5 maintenance engineers, maintenance technicians, maintenance
362	362	6 mechanics, mechanics, operating engineers, operators, domestic
363	363	7 water operators, wastewater operators, water treatment
364	364	8 technicians, and other related jobs.
365	365	9 "Facility" means:
366	366	10 (1) A facility or project that serves a public
367	367	11 purpose, including, but not limited to, any new or
368	368	12 existing local, county, or state or interstate road,
369	369	13 highway, toll highway, bridge, tunnel, or intermodal
370	370	14 facility; intercity or high-speed passenger rail; rail
371	371	15 project or facility; ferry or mass transit facility;
372	372	16 vehicle parking facility; regional or local airport;
373	373	17 seaport or waterway facility; intelligent-transport system
374	374	18 infrastructure or other transportation technology project
375	375	19 such as, but not limited to, transit priority signaling or
376	376	20 fare collection; other transportation facility or
377	377	21 infrastructure; any administrative facility
378	378	22 broadband-related project or facility; correctional
379	379	23 institution or facility; disaster mitigation facility;
380	380	24 green-energy-related project or facility; energy-related
381	381	25 project or facility; fuel supply facility or oil or gas
382	382	26 pipeline; medical or nursing care facility; recreational
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393	393	1 facility; tourism facility; solid waste management
394	394	2 facility or energy-from-waste facility; sporting or
395	395	3 cultural facility; educational facility or other building
396	396	4 or facility that is used or will be used by a public
397	397	5 educational institution; or any other public facility or
398	398	6 infrastructure or service that is used or will be used by
399	399	7 the public at large or in support of an accepted public
400	400	8 purpose or activity.
401	401	9 (2) An improvement, including equipment, of a
402	402	10 structure that will be principally used by a public entity
403	403	11 or the public at large or that supports a service delivery
404	404	12 system in the public sector.
405	405	13 (3) A sanitation, water, potable water, underground
406	406	14 water, wastewater, or surface water facility or other
407	407	15 related infrastructure; or in support of an accepted
408	408	16 public purpose or activity.
409	409	17 "Labor peace agreement" means an agreement between the
410	410	18 vendor and any bona fide labor organization, that, at a
411	411	19 minimum, protects the State's proprietary interests by
412	412	20 prohibiting labor organizations and members from engaging in
413	413	21 picketing, work stoppages, boycotts, and any other economic
414	414	22 interference with the applicant's business. This agreement
415	415	23 means that the vendor has agreed not to disrupt efforts by the
416	416	24 bona fide labor organization to communicate with and attempt
417	417	25 to organize and represent the private entity's employees. The
418	418	26 agreement shall provide a bona fide labor organization access
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429	429	1 at reasonable times to areas in which the private entity's
430	430	2 employees work, for the purpose of meeting with employees to
431	431	3 discuss their right to representation, employment rights under
432	432	4 State and federal laws, and terms and conditions of
433	433	5 employment.
434	434	6 "Maintain" or "maintenance" includes ordinary maintenance,
435	435	7 repair, rehabilitation, capital maintenance, maintenance
436	436	8 replacement, and any other categories of maintenance that may
437	437	9 be designated by the responsible public entity.
438	438	10 "Operate" or "operation" means to do one or more of the
439	439	11 following: maintain, improve, equip, modify, or otherwise
440	440	12 operate.
441	441	13 "Private entity" means any combination of one or more
442	442	14 individuals, sole proprietorships, private corporations,
443	443	15 general partnerships, limited liability companies, limited
444	444	16 partnerships, joint ventures, business trusts, nonprofit
445	445	17 entities, or other business entities that are nongovernmental
446	446	18 parties to a proposal for a qualifying project or an agreement
447	447	19 related to a qualifying project. A public agency may provide
448	448	20 services to a contractor as a subcontractor or subconsultant
449	449	21 without affecting the private status of the private entity and
450	450	22 the ability to enter into a public-private agreement.
451	451	23 "Project development fund" means a fund to assist
452	452	24 responsible public entities with public-private partnership
453	453	25 projects and unsolicited proposals. Approval for any
454	454	26 expenditure from this fund shall be approved by the
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465	465	1 Infrastructure Investment Commission.
466	466	2 "Project labor agreement" means a prehire collective
467	467	3 bargaining agreement with one or more labor organizations that
468	468	4 establishes the terms and conditions of employment for a
469	469	5 specific project.
470	470	6 "Proposal" means all materials and documents prepared by
471	471	7 or on behalf of a private entity relating to the proposed
472	472	8 development, financing, or operation of a facility as a
473	473	9 qualifying project.
474	474	10 "Proposer" means a private entity that has submitted an
475	475	11 unsolicited proposal for a public-private agreement to a
476	476	12 responsible public entity under this Act or submitted a
477	477	13 proposal or statement of qualifications for a public-private
478	478	14 agreement in response to a request for proposals or a request
479	479	15 for qualifications for a project or services issued by a
480	480	16 responsible public entity under this Act.
481	481	17 "Public-private agreement" means the public-private
482	482	18 agreement between the private entity vendor and the
483	483	19 responsible public entity relating to one or more of the
484	484	20 proposed development, financing, or operation of a qualifying
485	485	21 project that is entered into under this Act.
486	486	22 "Public-private partnership" or "P3" means
487	487	23 performance-based contractual relationships between one or
488	488	24 more private entities and one or more responsible public
489	489	25 entities related to one or more qualifying projects.
490	490	26 "Qualifying project" or "project" means one or more
491	491
492	492
493	493
494	494
495	495
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501	501	1 services or projects serving a public purpose, that is owned,
502	502	2 financed, controlled, or operated by a private entity in whole
503	503	3 or in part under this Act.
504	504	4 "Request for information" means all materials and
505	505	5 documents prepared by or on behalf of a responsible public
506	506	6 entity to solicit information from private entities with
507	507	7 respect to qualifying projects.
508	508	8 "Request for proposals" means all materials and documents
509	509	9 prepared by or on behalf of a responsible public entity to
510	510	10 solicit proposals from private entities to enter into a
511	511	11 public-private agreement.
512	512	12 "Request for qualifications" means all materials and
513	513	13 documents prepared by or on behalf of a responsible public
514	514	14 entity to solicit statements of qualification from private
515	515	15 entities to enter into a public-private agreement.
516	516	16 "Responsible public entity" means the State and any or all
517	517	17 of its departments, divisions, agencies, authorities, or other
518	518	18 subdivisions or parts of the State, any county, municipality,
519	519	19 school district, or special district, any other political
520	520	20 subdivision of the State, or any unit of local government; a
521	521	21 public body corporate and politic; or a regional entity that
522	522	22 serves a public purpose and is authorized to develop or
523	523	23 operate a qualifying project. "Responsible public entity" does
524	524	24 not include economic development or tourism partnerships,
525	525	25 councils, commissions, or entities.
526	526	26 "Revenues" means all revenues, including any combination
527	527
528	528
529	529
530	530
531	531
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533	533
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537	537	1 of: income; earnings and interest; user fees; lease payments;
538	538	2 allocations; federal, State, and local appropriations, grants,
539	539	3 loans, lines of credit, and credit guarantees; bond proceeds;
540	540	4 equity investments; service payments; or other receipts,
541	541	5 arising out of or in connection with a qualifying project,
542	542	6 including the development, financing, and operation of a
543	543	7 qualifying project. "Revenues" includes money received as
544	544	8 grants, loans, lines of credit, credit guarantees, rebate or
545	545	9 otherwise in aid of a qualifying project from the federal
546	546	10 government, State, unit of local government, or any agency or
547	547	11 instrumentality of the federal government, State, or unit of
548	548	12 local government.
549	549	13 "Services" means operations, such as, but not limited to,
550	550	14 parking, cable, broadband, accounting, human resources, health
551	551	15 care, data management, and technology.
552	552	16 "Shortlist" means the process by which a responsible
553	553	17 public entity will review, evaluate, and rank statements of
554	554	18 qualifications submitted in response to a request for
555	555	19 qualifications and then identify the proposers who are
556	556	20 eligible to submit a detailed proposal in response to a
557	557	21 request for proposals. The identified proposers constitute the
558	558	22 shortlist for the qualifying project to which the request for
559	559	23 proposals relates.
560	560	24 "Vendor" means a person that has been selected to enter or
561	561	25 has entered into a public-private partnership agreement with
562	562	26 the Department on behalf of the State for the financing,
563	563
564	564
565	565
566	566
567	567
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569	569
570	570
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573	573	1 management, or operation of the public-private partnership
574	574	2 agreement under this Act.
575	575	3 "Unit of local government" has the meaning ascribed to
576	576	4 that term in Article VII, Section 1 of the Illinois
577	577	5 Constitution, and also means any unit designated as a
578	578	6 municipal corporation or school district.
579	579	7 "Unsolicited proposal" means a written proposal that is
580	580	8 submitted to one or more responsible public entities on the
581	581	9 initiative of the private sector entity or entities for the
582	582	10 purpose of developing a partnership, and that is not in
583	583	11 response to a formal or informal request issued by the
584	584	12 responsible public entity.
585	585	13 "User fees" or "tolls" means the rates, tolls, fees, or
586	586	14 other charges imposed by the contractor for use of all or a
587	587	15 portion of a qualifying project under a public-private
588	588	16 agreement.
589	589	17 Article 2. Infrastructure Investment Commission
590	590	18 Section 2-5. Establishment. Pursuant to this Act, the
591	591	19 Governor shall establish an Infrastructure Investment
592	592	20 Commission. The Infrastructure Investment Commission shall
593	593	21 report to and be funded by the Illinois Finance Authority, and
594	594	22 shall be independent of other agencies and departments of the
595	595	23 State.
596	596
597	597
598	598
599	599
600	600
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602	602
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606	606	1 Section 2-10. Duties of the Commission. The Commission
607	607	2 shall:
608	608	3 (1) Assist responsible public entities with
609	609	4 identifying projects, including opportunities for project
610	610	5 aggregation, for which a public-private partnership may be
611	611	6 appropriate.
612	612	7 (2) Provide technical assistance and expertise to
613	613	8 responsible public entities on using public-private
614	614	9 partnerships to develop or operate qualifying projects,
615	615	10 including analyzing their benefits and costs and the
616	616	11 innovative financing options available to support them.
617	617	12 (3) Supply template contracts.
618	618	13 (4) Track proposed, ongoing, and completed
619	619	14 private-public partnerships.
620	620	15 (5) Provide technical assistance in applying for
621	621	16 federal funding grants or financing (for example, the
622	622	17 Transportation Infrastructure Finance and Innovative Act
623	623	18 program, the Transportation Infrastructure Finance and
624	624	19 Innovative Act program Lite, the Transportation
625	625	20 Infrastructure Finance and Innovative Act program Rural
626	626	21 Project Initiative, the Regional Infrastructure
627	627	22 Accelerators Program, and the Capital Investment Grants
628	628	23 Program).
629	629	24 (6) Identify methods of encouraging competition for
630	630	25 the development or operation of qualifying projects.
631	631	26 (7) Serve as a liaison to State or federal government
632	632
633	633
634	634
635	635
636	636
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638	638
639	639
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642	642	1 officials charged with promoting public-private
643	643	2 infrastructure partnerships, other State executive
644	644	3 directors of infrastructure investment commissions, and
645	645	4 regional or metropolitan public-private partnership
646	646	5 offices.
647	647	6 (8) Conduct public and stakeholder engagement and
648	648	7 outreach, including efforts to encourage transparency and
649	649	8 information sharing regarding public-private
650	650	9 partnerships.
651	651	10 (9) Issue regular updates on the future pipeline of P3
652	652	11 projects.
653	653	12 (10) Promote best practices, including standardized
654	654	13 methodologies and processes.
655	655	14 (11) Attract private investment to the State.
656	656	15 (12) Develop a project development fund to:
657	657	16 (A) assist responsible public entities to assess
658	658	17 the usefulness of the P3 model and unsolicited
659	659	18 proposals for their capital procurement and service
660	660	19 needs for specific projects;
661	661	20 (B) assist responsible public entities to manage a
662	662	21 P3 procurement project or unsolicited proposal;
663	663	22 (C) assist responsible public entities, that are
664	664	23 not experienced with P3 procurement or unsolicited
665	665	24 proposals;
666	666	25 (D) assist responsible public entities that are
667	667	26 undertaking new approaches or documenting P3 and
668	668
669	669
670	670
671	671
672	672
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674	674
675	675
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678	678	1 unsolicited proposal practices in a way that will
679	679	2 assist the Infrastructure Investment Commission and
680	680	3 other responsible public entities in future projects;
681	681	4 (E) assist with training costs for key staff of a
682	682	5 responsible public entity who are integral to the
683	683	6 successful development and implementation of a
684	684	7 project;
685	685	8 (F) assist a public entity with P3 procurement or
686	686	9 an unsolicited proposal that may include, but may not
687	687	10 be limited to, a market analysis, qualitative
688	688	11 assessment report, procurement options analysis,
689	689	12 quantitative analysis, risk analysis, implementation
690	690	13 strategy, and procurement documents; and
691	691	14 (G) assist with the engagement of external and
692	692	15 accredited P3 advisors and analysts.
693	693	16 Section 2-15. Governance of the Commission.
694	694	17 (a) The Commission shall be headed by a Chairperson and a
695	695	18 6-member Board of Directors.
696	696	19 (b) The Board is responsible for the overall governance of
697	697	20 the Commission and shall adopt a 5-year corporate plan and
698	698	21 annual report. The Board shall meet at least quarterly to
699	699	22 review the Commission's overall operation, receive committee
700	700	23 reports, discuss the Investment Infrastructure Commission's
701	701	24 performance, and approve expenditures. The Board shall review
702	702	25 the performance of the Executive Director annually.
703	703
704	704
705	705
706	706
707	707
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709	709
710	710
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713	713	1 (c) The Board shall establish committees to support the
714	714	2 Board as needed, including:
715	715	3 (1) an Audit Committee to oversee the Commission's
716	716	4 standards of integrity and behavior, oversee the
717	717	5 Commission's reporting of financial information and
718	718	6 expenditures of the project development fund, oversee the
719	719	7 Commission's internal control systems, including the
720	720	8 Commission's compliance with all applicable legal and
721	721	9 regulatory requirements, review the qualifications,
722	722	10 independence and performance of the Commission's external
723	723	11 auditors, and oversee the Commission's enterprise risk
724	724	12 management plan; and
725	725	13 (2) a Budget Committee that shall develop an annual
726	726	14 revenue and expenditure plan, submit said plan to the
727	727	15 Illinois Finance Authority for approval and funding, and
728	728	16 monitor said revenues and expenditures during the course
729	729	17 of the budget cycle.
730	730	18 Section 2-20. Board appointments.
731	731	19 (a) The Commission established pursuant to this Article
732	732	20 shall be composed of 7 members, appointed by the Governor,
733	733	21 with the advice and consent of the Senate, having expertise,
734	734	22 knowledge, or experience in infrastructure development or
735	735	23 operation, capital market and finance, public-sector planning,
736	736	24 or P3 procurement. No more than 4 members of any one political
737	737	25 party may serve as members of the Commission at the same time.
738	738
739	739
740	740
741	741
742	742
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744	744
745	745
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748	748	1 Members of the Commission shall, to a reasonable extent,
749	749	2 represent geographically diverse regions of the State as well
750	750	3 as diversity in race, ethnicity, and gender.
751	751	4 Vacancies shall be filled for the unexpired term in the
752	752	5 same manner as original appointments. All appointments shall
753	753	6 be in writing and filed with the Secretary of State as a public
754	754	7 record.
755	755	8 (b) Of the members appointed by the Governor, one such
756	756	9 member shall be appointed by the Governor as chairperson and
757	757	10 shall hold office for 4 years from the date of appointment, and
758	758	11 until a successor shall be duly appointed and qualified, but
759	759	12 shall be subject to removal by the Executive Director of the
760	760	13 Illinois Finance Authority for incompetency, neglect of duty,
761	761	14 or malfeasance.
762	762	15 (c) Of the original members, other than the chairperson, 3
763	763	16 shall hold office for 2 years and 3 shall hold office for 4
764	764	17 years, from the date of appointment and until respective
765	765	18 successors are duly appointed and qualified, but shall be
766	766	19 subject to removal by the Executive Director of the Illinois
767	767	20 Finance Authority for incompetency, neglect of duty, or
768	768	21 malfeasance. In case of vacancies in such offices during the
769	769	22 recess of the Senate, the Governor shall make a temporary
770	770	23 appointment until the next meeting of the Senate when the
771	771	24 Governor shall nominate a person to fill such office and any
772	772	25 person so nominated, who is confirmed by the Senate, shall
773	773	26 hold office during the remainder of the term and until a
774	774
775	775
776	776
777	777
778	778
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780	780
781	781
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784	784	1 successor is appointed and qualified. The respective term of
785	785	2 the first members appointed shall be designated by the
786	786	3 Governor at the time of appointment, but successors shall each
787	787	4 be appointed for a term of 4 years, except that any person
788	788	5 appointed to fill a vacancy shall serve only for the unexpired
789	789	6 term. Members shall be eligible for reappointment. Members
790	790	7 shall serve until the respective successors are duly appointed
791	791	8 and qualified.
792	792	9 (d) Each such member shall receive an annual salary of
793	793	10 $10,000, or as set by the Compensation Review Board, whichever
794	794	11 is greater, payable in monthly installments, and shall be
795	795	12 reimbursed for necessary expenses incurred in the performance
796	796	13 of duties under this Act.
797	797	14 Section 2-25. Duties of the Chairperson of the Commission.
798	798	15 The Chairperson shall preside at all meetings of the
799	799	16 Commission, exercise general supervision over all powers,
800	800	17 duties, obligations, and functions of the Commission, and
801	801	18 shall approve or disapprove all resolutions, bylaws, rules,
802	802	19 and rates made and established by the Commission, and if the
803	803	20 Chairperson approves, the Chairperson shall sign the same, and
804	804	21 such as the Chairperson shall not approve, the Chairperson
805	805	22 shall return to the Commission with objections thereto in
806	806	23 writing at the next regular meeting of the Commission
807	807	24 occurring after the passage thereof. Such veto may extend to
808	808	25 any one or more items contained in such resolution, bylaw,
809	809
810	810
811	811
812	812
813	813
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815	815
816	816
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819	819	1 rule, or rate, or to its entirety; in case the veto extends to
820	820	2 a part of such resolution, bylaw, rule, or rate, the residue
821	821	3 thereof shall take effect and be in force, but in case the
822	822	4 Chairperson shall fail to return any resolution, bylaw, rule,
823	823	5 or rate with objections thereto by the time aforesaid, the
824	824	6 Chairperson shall be deemed to have approved the same, and the
825	825	7 same shall take effect accordingly. Upon the return of any
826	826	8 resolution, bylaw, rule, or rate by the Chairperson, the vote
827	827	9 by which the same was passed shall be reconsidered by the
828	828	10 Commission, and if upon such reconsideration two-thirds of all
829	829	11 the members agree to pass the same, it shall go into effect
830	830	12 notwithstanding the Chairperson's refusal to approve thereof.
831	831	13 The process of approving or disapproving all resolutions,
832	832	14 bylaws, rules, or rates, as well as the ability of the members
833	833	15 to override the disapproval of the Chairperson, under this
834	834	16 Section shall be set forth in the Commission's bylaws. Nothing
835	835	17 in the Commission's bylaws or rules may be contrary to this
836	836	18 Section.
837	837	19 Section 2-30. Duties of the Executive Director of the
838	838	20 Commission.
839	839	21 (a) The Executive Director shall be appointed by a
840	840	22 majority vote of the Commission.
841	841	23 (b) The Executive Director shall have demonstrated
842	842	24 knowledge, training, or experience in 2 or more of the
843	843	25 following areas:
844	844
845	845
846	846
847	847
848	848
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850	850
851	851
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854	854	1 (1) infrastructure development or operation;
855	855	2 (2) capital markets and finance, including municipal
856	856	3 finance;
857	857	4 (3) public-sector planning; or
858	858	5 (4) P3 procurement.
859	859	6 (c) The Executive Director shall provide to the standing
860	860	7 committees of the House and Senate having jurisdiction over
861	861	8 services, transportation, or infrastructure and post online a
862	862	9 report annually within 6 weeks of the end of each fiscal year
863	863	10 that:
864	864	11 (1) lists those public-private partnerships that are
865	865	12 expected to be soliciting bids within the next fiscal
866	866	13 year, are in progress, were completed during the prior
867	867	14 fiscal year, or were removed from consideration during the
868	868	15 prior fiscal year; and
869	869	16 (2) summarizes actions taken by the Commission to
870	870	17 fulfill its duties under Section 2-10.
871	871	18 (d) The Executive Director shall be responsible to the
872	872	19 Commission for the proper administration of the affairs of the
873	873	20 Commission and policies adopted by the Chairperson and members
874	874	21 of the Commission.
875	875	22 (e) All employees, as are necessary to the proper
876	876	23 functioning of the Commission, shall be appointed by and
877	877	24 report to the Executive Director with the consent of the
878	878	25 Commission.
879	879	26 (f) The Executive Director shall hold office for 4 years
880	880
881	881
882	882
883	883
884	884
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886	886
887	887
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890	890	1 from the date of appointment, but shall be subject to removal
891	891	2 by the Commission for incompetency, neglect of duty, or
892	892	3 malfeasance.
893	893	4 (g) The Executive Director shall receive a salary of
894	894	5 $15,000 per annum, or as set by a Compensation Review Board,
895	895	6 whichever is greater, payable in monthly installments,
896	896	7 together with reimbursement for necessary expenses incurred in
897	897	8 the performance of the duties of the Executive Director. The
898	898	9 Executive Director shall be eligible for reappointment.
899	899	10 Section 2-35. Report on compliance with legislative
900	900	11 requirements. The Commission shall adhere to the Freedom of
901	901	12 Information Act and the State Records Act.
902	902	13 Article 3. Qualification and Process
903	903	14 Section 3-5. Unsolicited proposals.
904	904	15 (a) A responsible public entity may receive unsolicited
905	905	16 proposals for a project and may thereafter enter into a
906	906	17 public-private agreement with a private entity, or a
907	907	18 consortium of private entities, for the building, upgrading,
908	908	19 providing of services, operating, ownership, or financing of
909	909	20 facilities.
910	910	21 (b) A responsible public entity may consider, evaluate,
911	911	22 and accept an unsolicited proposal for a public-private
912	912	23 partnership project from a private entity if the proposal:
913	913
914	914
915	915
916	916
917	917
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919	919
920	920
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923	923	1 (1) is independently developed and drafted by the
924	924	2 proposer without responsible public entity supervision;
925	925	3 (2) shows that the proposed project could benefit the
926	926	4 people served by the responsible public entity;
927	927	5 (3) includes a financing plan to allow the project to
928	928	6 move forward pursuant to the applicable responsible public
929	929	7 entity's budget and finance requirements; and
930	930	8 (4) includes sufficient detail and information for the
931	931	9 responsible entity to evaluate the proposal in an
932	932	10 objective and timely manner and permit a determination
933	933	11 that the project would be worthwhile.
934	934	12 (c) The unsolicited proposal shall include the following:
935	935	13 (1) an executive summary covering the major elements
936	936	14 of the proposal;
937	937	15 (2) qualifications concerning the experience,
938	938	16 expertise, technical competence, and qualifications of the
939	939	17 private entity and of each member of its management team
940	940	18 and of other key employees, consultants, and
941	941	19 subcontractors, including the name, address, and
942	942	20 professional designation;
943	943	21 (3) a facilities project description, including, when
944	944	22 applicable:
945	945	23 (A) the limits, scope, and location of the
946	946	24 proposed project;
947	947	25 (B) right-of-way requirements;
948	948	26 (C) connections with other facilities and
949	949
950	950
951	951
952	952
953	953
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955	955
956	956
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959	959	1 improvements to those facilities necessary if the
960	960	2 project is developed;
961	961	3 (D) a conceptual project design; and
962	962	4 (E) a statement of the project's relationship and
963	963	5 impact upon relevant existing plans of the responsible
964	964	6 public entity;
965	965	7 (4) a facilities project schedule, including when
966	966	8 applicable, estimates of:
967	967	9 (A) dates of contract award;
968	968	10 (B) start of construction;
969	969	11 (C) completion of construction;
970	970	12 (D) start of operations; and
971	971	13 (E) major maintenance or reconstruction activities
972	972	14 during the life of the proposed project agreement;
973	973	15 (5) an operating plan describing the operation of the
974	974	16 completed facility if operation of a facility is part of
975	975	17 the proposal, describing the management structure and
976	976	18 approach, proposed period of operations, enforcement,
977	977	19 emergency response, and other relevant information;
978	978	20 (6) a finance plan describing the proposed financing
979	979	21 of the project identifying the source of funds to, where
980	980	22 applicable, design, construct, maintain, and manage the
981	981	23 project during the term of the proposed contract; and
982	982	24 (7) the legal basis for the project and licenses and
983	983	25 certifications; the private entity must demonstrate it has
984	984	26 licenses and certificates necessary to complete the
985	985
986	986
987	987
988	988
989	989
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991	991
992	992
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994	994	HB3927 - 28 - LRB103 31057 DTM 57677 b
995	995	1 project.
996	996	2 (d) Within 120 days after receiving an unsolicited
997	997	3 proposal, the responsible public entity shall complete a
998	998	4 preliminary evaluation of the unsolicited proposal and shall
999	999	5 either:
1000	1000	6 (1) if the preliminary evaluation is unfavorable,
1001	1001	7 return the proposal without further action;
1002	1002	8 (2) if the preliminary evaluation is favorable, notify
1003	1003	9 the proposer that the responsible public entity will
1004	1004	10 further evaluate the proposal; or
1005	1005	11 (3) request amendments clarification or modification
1006	1006	12 of the unsolicited proposal.
1007	1007	13 (e) The procurement process for unsolicited proposals
1008	1008	14 shall be as follows:
1009	1009	15 (1) If the responsible public entity chooses to
1010	1010	16 further evaluate an unsolicited proposal with the intent
1011	1011	17 to enter into a public-private agreement for the proposed
1012	1012	18 project the responsible public entity shall publish notice
1013	1013	19 in a newspaper of general circulation covering the
1014	1014	20 location of the project at least once a week for 2 weeks
1015	1015	21 stating that the responsible public entity has received a
1016	1016	22 proposal and will accept other proposals for the same
1017	1017	23 project. The timeframe within which the responsible public
1018	1018	24 entity may accept other proposals shall be determined by
1019	1019	25 the responsible public entity on a project-by-project
1020	1020	26 basis based upon the complexity of the qualifying project
1021	1021
1022	1022
1023	1023
1024	1024
1025	1025
1026	1026	HB3927 - 28 - LRB103 31057 DTM 57677 b
1027	1027
1028	1028
1029	1029	HB3927- 29 -LRB103 31057 DTM 57677 b HB3927 - 29 - LRB103 31057 DTM 57677 b
1030	1030	HB3927 - 29 - LRB103 31057 DTM 57677 b
1031	1031	1 and the public benefit to be gained by allowing a longer or
1032	1032	2 shorter period of time within which other proposals may be
1033	1033	3 received; however, the timeframe for allowing other
1034	1034	4 proposals must be at least 21 days, but no more than 120
1035	1035	5 days, after the initial date of publication.
1036	1036	6 (2) A copy of the notice must be mailed to each local
1037	1037	7 government in the affected jurisdiction. The responsible
1038	1038	8 public entity shall provide reasonably sufficient
1039	1039	9 information and the identity of its contact person to
1040	1040	10 enable other private entities to make proposals.
1041	1041	11 (3) If after no less than 120 days, no counterproposal
1042	1042	12 is received, or if the counterproposals are evaluated and
1043	1043	13 found to be equal to or inferior to the original
1044	1044	14 unsolicited proposal, the responsible public entity may
1045	1045	15 proceed to negotiate a contract with the original
1046	1046	16 proposer.
1047	1047	17 (4) If after no less than 120 days one or more
1048	1048	18 counterproposals meeting unsolicited proposal standards
1049	1049	19 are received, and if, in the opinion of the responsible
1050	1050	20 public entity, the counterproposals are evaluated and
1051	1051	21 found to be superior to the original unsolicited proposal,
1052	1052	22 the responsible public entity shall proceed to determine
1053	1053	23 the successful participant through a final procurement
1054	1054	24 phase known as "Best and Final Offer" (BAFO). The BAFO is a
1055	1055	25 process whereby the responsible public entity shall invite
1056	1056	26 the original private sector party and the proponent
1057	1057
1058	1058
1059	1059
1060	1060
1061	1061
1062	1062	HB3927 - 29 - LRB103 31057 DTM 57677 b
1063	1063
1064	1064
1065	1065	HB3927- 30 -LRB103 31057 DTM 57677 b HB3927 - 30 - LRB103 31057 DTM 57677 b
1066	1066	HB3927 - 30 - LRB103 31057 DTM 57677 b
1067	1067	1 submitting the superior counterproposal to engage in a
1068	1068	2 BAFO phase. The invitation to participate in the BAFO
1069	1069	3 phase will provide to each participating proposer:
1070	1070	4 (A) the general concepts that were considered
1071	1071	5 superior to the original proposal, while keeping
1072	1072	6 proprietary information contained in the proposals
1073	1073	7 confidential to the extent possible; and
1074	1074	8 (B) the preestablished evaluation criteria or the
1075	1075	9 "basis of award" to be used to determine the
1076	1076	10 successful proponent.
1077	1077	11 (5) Offers received in response to the BAFO invitation
1078	1078	12 will be reviewed by the responsible public entity and
1079	1079	13 scored in accordance with a preestablished criterion, or
1080	1080	14 alternatively, in accordance with the "basis of award"
1081	1081	15 provision identified through the BAFO process. The
1082	1082	16 successful proponent will be the proponent offering "best
1083	1083	17 value" to the responsible public entity.
1084	1084	18 (6) In all cases, the "basis of award" will be "best
1085	1085	19 value" to the responsible public entity, as determined by
1086	1086	20 the responsible public entity.
1087	1087	21 (f) After a comprehensive evaluation and acceptance of an
1088	1088	22 unsolicited proposal and any alternatives, the responsible
1089	1089	23 public entity may commence negotiations with a proposer,
1090	1090	24 considering:
1091	1091	25 (1) the proposal has received a favorable
1092	1092	26 comprehensive evaluation;
1093	1093
1094	1094
1095	1095
1096	1096
1097	1097
1098	1098	HB3927 - 30 - LRB103 31057 DTM 57677 b
1099	1099
1100	1100
1101	1101	HB3927- 31 -LRB103 31057 DTM 57677 b HB3927 - 31 - LRB103 31057 DTM 57677 b
1102	1102	HB3927 - 31 - LRB103 31057 DTM 57677 b
1103	1103	1 (2) the proposal is not duplicative of existing
1104	1104	2 infrastructure project or services;
1105	1105	3 (3) the alternative proposal does not closely resemble
1106	1106	4 a pending competitive proposal for a public-private
1107	1107	5 partnership or other procurement;
1108	1108	6 (4) the proposal demonstrates a unique method,
1109	1109	7 approach, or concept;
1110	1110	8 (5) facts and circumstances that preclude or warrant
1111	1111	9 additional competition;
1112	1112	10 (6) the availability of any funds, debts, or assets
1113	1113	11 that the State will contribute to the project;
1114	1114	12 (7) facts and circumstances demonstrating that the
1115	1115	13 project will likely have a significant adverse impact on
1116	1116	14 State bond ratings; and
1117	1117	15 (8) indemnifications included in the proposal.
1118	1118	16 Section 3-10. Competitive procurements; public-private
1119	1119	17 partnership.
1120	1120	18 (a) A responsible public entity may solicit proposals for
1121	1121	19 a qualifying project from private entities.
1122	1122	20 (b) After the public notification period has expired the
1123	1123	21 responsible public entity shall rank the proposals received in
1124	1124	22 terms of "best value". In ranking the proposals, the
1125	1125	23 responsible public entity may consider factors that include,
1126	1126	24 but are not limited to, public benefit, minority, women and
1127	1127	25 veteran participation, professional qualifications, general
1128	1128
1129	1129
1130	1130
1131	1131
1132	1132
1133	1133	HB3927 - 31 - LRB103 31057 DTM 57677 b
1134	1134
1135	1135
1136	1136	HB3927- 32 -LRB103 31057 DTM 57677 b HB3927 - 32 - LRB103 31057 DTM 57677 b
1137	1137	HB3927 - 32 - LRB103 31057 DTM 57677 b
1138	1138	1 business terms, innovative design techniques or cost-reduction
1139	1139	2 terms, and finance plans. The responsible public entity may
1140	1140	3 then begin negotiations for a public-private agreement with
1141	1141	4 the highest-ranked firm. If the responsible public entity is
1142	1142	5 not satisfied with the results of the negotiations, the
1143	1143	6 responsible public entity may terminate negotiations with the
1144	1144	7 proposer and negotiate with the second-ranked or
1145	1145	8 subsequent-ranked firms, in the order consistent with this
1146	1146	9 procedure. If only one proposal is received, the responsible
1147	1147	10 public entity may negotiate in good faith, and if the
1148	1148	11 responsible public entity is not satisfied with the results of
1149	1149	12 the negotiations, the responsible public entity may terminate
1150	1150	13 negotiations with the proposer.
1151	1151	14 Section 3-15. Additional rights of responsible public
1152	1152	15 entity. In addition to any other rights under this Act, in
1153	1153	16 connection with any procurement under this Article, the
1154	1154	17 responsible public entity may:
1155	1155	18 (1) terminate or modify by:
1156	1156	19 (A) withdrawing a request for information, request for
1157	1157	20 qualifications, or a request for proposals at any time
1158	1158	21 and, in its discretion, publishing a new request for
1159	1159	22 qualifications or request for proposals;
1160	1160	23 (B) declining to approve a proposal;
1161	1161	24 (C) declining to award a public-private agreement;
1162	1162	25 (D) requesting clarifications to any statement of
1163	1163
1164	1164
1165	1165
1166	1166
1167	1167
1168	1168	HB3927 - 32 - LRB103 31057 DTM 57677 b
1169	1169
1170	1170
1171	1171	HB3927- 33 -LRB103 31057 DTM 57677 b HB3927 - 33 - LRB103 31057 DTM 57677 b
1172	1172	HB3927 - 33 - LRB103 31057 DTM 57677 b
1173	1173	1 information, qualifications, or proposal received, to seek
1174	1174	2 one or more revised proposals or one or more best and final
1175	1175	3 offers, or to conduct negotiations with one or more
1176	1176	4 private entities that have submitted proposals; or
1177	1177	5 (E) modifying the terms, provisions, and conditions of
1178	1178	6 a request for qualification, request for proposals,
1179	1179	7 technical specifications, or form of public-private
1180	1180	8 agreement during the pendency of a procurement.
1181	1181	9 (2) Interview proposers.
1182	1182	10 (3) Exercise any other rights available to the responsible
1183	1183	11 public entity under this Act, applicable law, and
1184	1184	12 administrative rule.
1185	1185	13 Section 3-20. Confidentiality of P3 proposals; disclosure.
1186	1186	14 (a) Except as provided in paragraph (2) of subsection (e)
1187	1187	15 of Section 3-5, the responsible public entity may not disclose
1188	1188	16 the contents of proposals during discussions or negotiations
1189	1189	17 with potential proposers.
1190	1190	18 (b) The responsible public entity may, in its discretion
1191	1191	19 in accordance with the Freedom of Information Act, treat as
1192	1192	20 confidential all or some information relating to an
1193	1193	21 unsolicited proposal, including, but not limited to,
1194	1194	22 discussions or negotiations between the responsible public
1195	1195	23 entity and potential proposers.
1196	1196	24 (c) Notwithstanding subsections (a) and (b), and with the
1197	1197	25 exception of portions that are confidential under the Freedom
1198	1198
1199	1199
1200	1200
1201	1201
1202	1202
1203	1203	HB3927 - 33 - LRB103 31057 DTM 57677 b
1204	1204
1205	1205
1206	1206	HB3927- 34 -LRB103 31057 DTM 57677 b HB3927 - 34 - LRB103 31057 DTM 57677 b
1207	1207	HB3927 - 34 - LRB103 31057 DTM 57677 b
1208	1208	1 of Information Act, the terms of the selected offer negotiated
1209	1209	2 under this Act shall be available for inspection and copying
1210	1210	3 under the Freedom of Information Act after negotiations with
1211	1211	4 the proposers have been completed.
1212	1212	5 (d) When disclosing the terms of the selected offer under
1213	1213	6 subsection (c), the responsible public entity shall certify
1214	1214	7 that the information being disclosed accurately and completely
1215	1215	8 represents the terms of the selected offer.
1216	1216	9 (e) The responsible public entity shall disclose the
1217	1217	10 contents of all proposals, except the parts of the proposals
1218	1218	11 that may be treated as exempt in accordance with the Freedom of
1219	1219	12 Information Act, when either:
1220	1220	13 (1) the request for proposal process is withdrawn
1221	1221	14 under Section 3-5; or
1222	1222	15 (2) the public-private agreement has been executed and
1223	1223	16 the closing for each financing transaction required to
1224	1224	17 provide funding to carry out the agreement has been
1225	1225	18 conducted.
1226	1226	19 Section 3-25. Interim agreement. Before or in connection
1227	1227	20 with the negotiation of a public-private agreement, the
1228	1228	21 responsible public entity may enter into an interim agreement
1229	1229	22 with the private entity proposing the development or operation
1230	1230	23 of the qualifying project. An interim agreement is
1231	1231	24 discretionary with the parties. An interim agreement may:
1232	1232	25 (1) Authorize the private entity to commence
1233	1233
1234	1234
1235	1235
1236	1236
1237	1237
1238	1238	HB3927 - 34 - LRB103 31057 DTM 57677 b
1239	1239
1240	1240
1241	1241	HB3927- 35 -LRB103 31057 DTM 57677 b HB3927 - 35 - LRB103 31057 DTM 57677 b
1242	1242	HB3927 - 35 - LRB103 31057 DTM 57677 b
1243	1243	1 activities for which it may be compensated related to the
1244	1244	2 proposed qualifying project, including, but not limited
1245	1245	3 to, project planning and development, design,
1246	1246	4 environmental analysis and mitigation, survey, other
1247	1247	5 activities concerning any part of the proposed qualifying
1248	1248	6 project, and ascertaining the availability of financing
1249	1249	7 for the proposed facility or facilities.
1250	1250	8 (2) Establish the process and timing of the
1251	1251	9 negotiation of the public-private agreement.
1252	1252	10 (3) Contain such other provisions related to an aspect
1253	1253	11 of the development or operation of a qualifying project
1254	1254	12 that the responsible public entity and the private entity
1255	1255	13 deem appropriate.
1256	1256	14 Section 3-30. Payment of stipulated amount for work
1257	1257	15 product of unsuccessful proposer; rights; liability. The
1258	1258	16 responsible public entity may pay a stipulated amount to an
1259	1259	17 unsuccessful proposer that submits a responsive proposal in
1260	1260	18 response to a proposal under this Article, in exchange for the
1261	1261	19 work product contained in that proposal. Upon payment of the
1262	1262	20 stipulated amount, and unless agreed otherwise by the parties:
1263	1263	21 (1) the responsible public entity and the unsuccessful
1264	1264	22 proposer jointly own the rights to, and may make use of any
1265	1265	23 work product contained in the proposal, including the
1266	1266	24 technologies, techniques, methods, processes, ideas, and
1267	1267	25 information contained in the proposal, project design, and
1268	1268
1269	1269
1270	1270
1271	1271
1272	1272
1273	1273	HB3927 - 35 - LRB103 31057 DTM 57677 b
1274	1274
1275	1275
1276	1276	HB3927- 36 -LRB103 31057 DTM 57677 b HB3927 - 36 - LRB103 31057 DTM 57677 b
1277	1277	HB3927 - 36 - LRB103 31057 DTM 57677 b
1278	1278	1 project financial plan; and
1279	1279	2 (2) the use by an unsuccessful proposer of any part of
1280	1280	3 the work product contained in the proposal is at the sole
1281	1281	4 risk of the unsuccessful proposer and does not confer
1282	1282	5 liability on the responsible public entity.
1283	1283	6 Section 3-35. Project awards.
1284	1284	7 (a) The responsible public entity may perform an
1285	1285	8 independent analysis of the proposed public-private
1286	1286	9 partnership that demonstrates the cost-effectiveness and
1287	1287	10 overall public benefit before the procurement process is
1288	1288	11 initiated or before the contract is awarded.
1289	1289	12 (b) The responsible public entity may approve the
1290	1290	13 development or operation of a qualifying project, or the
1291	1291	14 design or equipping of a qualifying project that is developed
1292	1292	15 or operated, if:
1293	1293	16 (1) there is a public need for, or benefit derived
1294	1294	17 from a project of the type that the private entity
1295	1295	18 proposes as the qualifying project;
1296	1296	19 (2) the estimated cost of the qualifying project is
1297	1297	20 reasonable in relation to similar facilities;
1298	1298	21 (3) the private entity's plans will result in the
1299	1299	22 timely acquisition, design, construction, improvement,
1300	1300	23 renovation, expansion, equipping, maintenance, or
1301	1301	24 operation of the qualifying project; and
1302	1302	25 (4) the proposed project or service is in the public's
1303	1303
1304	1304
1305	1305
1306	1306
1307	1307
1308	1308	HB3927 - 36 - LRB103 31057 DTM 57677 b
1309	1309
1310	1310
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1312	1312	HB3927 - 37 - LRB103 31057 DTM 57677 b
1313	1313	1 best interest.
1314	1314	2 (c) The responsible public entity may charge a reasonable
1315	1315	3 fee to cover the costs of processing, reviewing, and
1316	1316	4 evaluating the request, including, but not limited to,
1317	1317	5 reasonable attorney or other professional fees and fees for
1318	1318	6 financial and technical advisors or consultants and for other
1319	1319	7 necessary advisors or consultants.
1320	1320	8 (d) Upon approval of a qualifying project, the responsible
1321	1321	9 public entity shall establish a date for the commencement of
1322	1322	10 activities related to the qualifying project. The responsible
1323	1323	11 public entity may extend the commencement date.
1324	1324	12 (e) Approval of a qualifying project by the responsible
1325	1325	13 public entity is subject to entering into a public-private
1326	1326	14 agreement with the private entity.
1327	1327	15 (f) The responsible public entity shall provide
1328	1328	16 notification to the public of its intent to commence
1329	1329	17 negotiations with a proposer.
1330	1330	18 (g) Before signing a public-private agreement, the
1331	1331	19 responsible public entity must consider a reasonable funding,
1332	1332	20 financing and affordability plan considering the project cost,
1333	1333	21 revenues by source, available financing, major assumptions,
1334	1334	22 internal rate of return on private investments, if
1335	1335	23 governmental funds are assumed in order to deliver a
1336	1336	24 cost-feasible project, and a total cash-flow analysis
1337	1337	25 beginning with the implementation of the project and extending
1338	1338	26 for the term of the public-private agreement except no longer
1339	1339
1340	1340
1341	1341
1342	1342
1343	1343
1344	1344	HB3927 - 37 - LRB103 31057 DTM 57677 b
1345	1345
1346	1346
1347	1347	HB3927- 38 -LRB103 31057 DTM 57677 b HB3927 - 38 - LRB103 31057 DTM 57677 b
1348	1348	HB3927 - 38 - LRB103 31057 DTM 57677 b
1349	1349	1 than the life of the project or 75 years, whichever is earlier.
1350	1350	2 (h) If the responsible public entity chooses to evaluate a
1351	1351	3 detailed proposal involving architecture, engineering, or
1352	1352	4 landscape architecture, it may require a professional review
1353	1353	5 and evaluation of the design and construction proposed to
1354	1354	6 ensure material quality standards, interior space use, budget
1355	1355	7 estimates, design and construction schedules, and sustainable
1356	1356	8 design and construction standards.
1357	1357	9 (i) Each facility project awarded by a responsible public
1358	1358	10 entity shall:
1359	1359	11 (1) ensure that provision is made for the private
1360	1360	12 entity's performance and payment of subcontractors,
1361	1361	13 including, but not limited to, surety bonds, letters of
1362	1362	14 credit, parent company guarantees, and lender and equity
1363	1363	15 partner guarantees. Components of the qualifying project
1364	1364	16 that involve construction performance and payment bonds
1365	1365	17 are subject to the recordation, notice, suit limitation,
1366	1366	18 and other requirements of the Public Construction Bond
1367	1367	19 Act;
1368	1368	20 (2) ensure the performance and payment of
1369	1369	21 subcontractors;
1370	1370	22 (3) ensure that the public-private agreement addresses
1371	1371	23 termination upon a material default of the public-private
1372	1372	24 agreement; and
1373	1373	25 (4) pay wages pursuant to prevailing wage standards.
1374	1374
1375	1375
1376	1376
1377	1377
1378	1378
1379	1379	HB3927 - 38 - LRB103 31057 DTM 57677 b
1380	1380
1381	1381
1382	1382	HB3927- 39 -LRB103 31057 DTM 57677 b HB3927 - 39 - LRB103 31057 DTM 57677 b
1383	1383	HB3927 - 39 - LRB103 31057 DTM 57677 b
1384	1384	1 Article 4. Formation of an Agreement
1385	1385	2 Section 4-5. Exercise of powers.
1386	1386	3 (a) A responsible public entity may exercise the powers
1387	1387	4 granted by this Act to undertake qualifying projects through
1388	1388	5 public-private agreements with one or more private entities.
1389	1389	6 (b) The Authority may enter into a public-private
1390	1390	7 partnership for qualifying projects on the toll highway system
1391	1391	8 such as commuter rail or high-speed rail lines, and
1392	1392	9 intelligent transportation infrastructure that will enhance
1393	1393	10 the safety, efficiency, and environmental quality of the State
1394	1394	11 highway system. The Authority may operate or provide
1395	1395	12 operational services such as toll collection on highways that
1396	1396	13 are developed or financed, or both, through a public-private
1397	1397	14 agreement entered into by another public entity, under an
1398	1398	15 agreement with the public entity or contractor responsible for
1399	1399	16 the transportation project.
1400	1400	17 Section 4-10. Powers of contractor; user fees. A
1401	1401	18 contractor has:
1402	1402	19 (1) all powers allowed by law generally to a private
1403	1403	20 entity having the same form of organization as the
1404	1404	21 contractor; and
1405	1405	22 (2) the power to develop, own, control, finance, and
1406	1406	23 operate the qualifying project, and to impose and collect
1407	1407	24 user fees, subject to the terms of the public-private
1408	1408
1409	1409
1410	1410
1411	1411
1412	1412
1413	1413	HB3927 - 39 - LRB103 31057 DTM 57677 b
1414	1414
1415	1415
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1417	1417	HB3927 - 40 - LRB103 31057 DTM 57677 b
1418	1418	1 agreement. No tolls or user fees may be imposed by the
1419	1419	2 contractor except as set forth in a public-private
1420	1420	3 agreement.
1421	1421	4 Section 4-15. Powers of contractor; property interests.
1422	1422	5 The contractor may own, lease, or acquire any property
1423	1423	6 interest or other right to develop, finance, or operate the
1424	1424	7 qualifying project, as long as the qualifying project retains
1425	1425	8 a public purpose.
1426	1426	9 Section 4-20. Powers of contractor; user classifications
1427	1427	10 and enforcement of rules. In operating the qualifying project,
1428	1428	11 the contractor may do the following:
1429	1429	12 (1) Make user classifications as permitted in the
1430	1430	13 public-private agreement.
1431	1431	14 (2) As permitted in the public-private agreement or
1432	1432	15 otherwise with the consent of the responsible public
1433	1433	16 entity, make and enforce reasonable rules to the same
1434	1434	17 extent that the responsible public entity may make and
1435	1435	18 enforce rules with respect to a similar project.
1436	1436	19 Article 5. Public-Private Agreements
1437	1437	20 Section 5-5. Provisions of agreement.
1438	1438	21 (a) Before beginning the development, financing,
1439	1439	22 operation, or any combination of the development, financing,
1440	1440
1441	1441
1442	1442
1443	1443
1444	1444
1445	1445	HB3927 - 40 - LRB103 31057 DTM 57677 b
1446	1446
1447	1447
1448	1448	HB3927- 41 -LRB103 31057 DTM 57677 b HB3927 - 41 - LRB103 31057 DTM 57677 b
1449	1449	HB3927 - 41 - LRB103 31057 DTM 57677 b
1450	1450	1 or operation of a qualifying project under this Act, the
1451	1451	2 contractor must enter into a public-private agreement with the
1452	1452	3 responsible public entity. Subject to the other provisions of
1453	1453	4 this Act, the responsible public entity and a private entity
1454	1454	5 may enter into a public-private agreement with respect to a
1455	1455	6 qualifying project. Subject to the requirements of this Act, a
1456	1456	7 public-private agreement may provide that the private entity,
1457	1457	8 acting on behalf of the responsible public entity, is
1458	1458	9 partially or entirely responsible for any combination of
1459	1459	10 developing, financing, or operating the qualifying project.
1460	1460	11 (b) The public-private agreement must be in writing and
1461	1461	12 may, as determined appropriate by the responsible public
1462	1462	13 entity for the particular qualifying project, provide for some
1463	1463	14 or all of the following:
1464	1464	15 (1) Development, planning, design, construction,
1465	1465	16 maintenance, repair, rehabilitation, expansion, providing
1466	1466	17 or services, financing, and operation of the qualifying
1467	1467	18 project under terms set forth in the public-private
1468	1468	19 agreement, in any form as deemed appropriate by the
1469	1469	20 responsible public entity, including, but not limited to,
1470	1470	21 a long-term concession or lease, or an agent to build,
1471	1471	22 finance, own, operate or maintain or any one or
1472	1472	23 combination of the same, as applicable and serving a
1473	1473	24 public purpose, a design-bid-build agreement, design-build
1474	1474	25 agreement, design-build-maintain agreement,
1475	1475	26 design-build-finance agreement,
1476	1476
1477	1477
1478	1478
1479	1479
1480	1480
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1482	1482
1483	1483
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1485	1485	HB3927 - 42 - LRB103 31057 DTM 57677 b
1486	1486	1 design-build-operate-maintain agreement, and
1487	1487	2 design-build-finance-operate-maintain agreement.
1488	1488	3 (2) Delivery of performance and payment bonds or other
1489	1489	4 performance security determined suitable by the
1490	1490	5 responsible public entity, including letters of credit,
1491	1491	6 United States bonds and notes, parent guaranties, and cash
1492	1492	7 collateral, in connection with the development, financing,
1493	1493	8 or operation of the qualifying project, in the forms and
1494	1494	9 amounts set forth in the public-private agreement or
1495	1495	10 otherwise determined as satisfactory by the responsible
1496	1496	11 public entity to protect the responsible public entity and
1497	1497	12 payment bond beneficiaries who have a direct contractual
1498	1498	13 relationship with the contractor or a subcontractor of the
1499	1499	14 contractor to supply labor or material. The payment or
1500	1500	15 performance bond or alternative form of performance
1501	1501	16 security is not required for the portion of a
1502	1502	17 public-private agreement that includes only design,
1503	1503	18 planning, or financing services, the performance of
1504	1504	19 preliminary studies, or the acquisition of real property.
1505	1505	20 (3) Review of plans for any development or operation,
1506	1506	21 or both, of the qualifying project by the responsible
1507	1507	22 public entity.
1508	1508	23 (4) Inspection of any construction of or improvements
1509	1509	24 to the qualifying project by the responsible public entity
1510	1510	25 or another entity designated by the responsible public
1511	1511	26 entity or under the public-private agreement to ensure
1512	1512
1513	1513
1514	1514
1515	1515
1516	1516
1517	1517	HB3927 - 42 - LRB103 31057 DTM 57677 b
1518	1518
1519	1519
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1521	1521	HB3927 - 43 - LRB103 31057 DTM 57677 b
1522	1522	1 that the construction or improvements conform to the
1523	1523	2 standards set forth in the public-private agreement or are
1524	1524	3 otherwise acceptable to the responsible public entity.
1525	1525	4 (5) Maintenance of:
1526	1526	5 (A) one or more policies of public liability
1527	1527	6 insurance (copies of which shall be filed with the
1528	1528	7 responsible public entity accompanied by proofs of
1529	1529	8 coverage); or
1530	1530	9 (B) self-insurance each in the form and amount as
1531	1531	10 set forth by the public-private agreement or otherwise
1532	1532	11 satisfactory to the responsible public entity as
1533	1533	12 reasonably sufficient to insure coverage of tort
1534	1534	13 liability to the public and employees and to enable
1535	1535	14 the continued operation of the qualifying project.
1536	1536	15 (6) Where operations are included within the
1537	1537	16 contractor's obligations under the public-private
1538	1538	17 agreement, monitoring of the maintenance practices of the
1539	1539	18 contractor by the responsible public entity or another
1540	1540	19 entity designated by the responsible public entity or
1541	1541	20 under the public-private agreement and the taking of the
1542	1542	21 actions the responsible public entity finds appropriate to
1543	1543	22 ensure that the qualifying project is properly maintained.
1544	1544	23 (7) Reimbursement to be paid to the responsible public
1545	1545	24 entity as set forth in the public-private agreement for
1546	1546	25 services provided by the responsible public entity.
1547	1547	26 (8) Filing of appropriate financial statements and
1548	1548
1549	1549
1550	1550
1551	1551
1552	1552
1553	1553	HB3927 - 43 - LRB103 31057 DTM 57677 b
1554	1554
1555	1555
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1557	1557	HB3927 - 44 - LRB103 31057 DTM 57677 b
1558	1558	1 reports as set forth in the public-private agreement or as
1559	1559	2 otherwise in a form acceptable to the responsible public
1560	1560	3 entity on a periodic basis.
1561	1561	4 (9) Compensation or payments to the contractor.
1562	1562	5 Compensation or payments may include any or a combination
1563	1563	6 of the following:
1564	1564	7 (A) A base fee and additional fee for project
1565	1565	8 savings as the design-builder of a construction
1566	1566	9 project.
1567	1567	10 (B) A development fee, payable on a lump sum
1568	1568	11 basis, progress payment basis, project milestone
1569	1569	12 basis, time and materials basis, or any other basis
1570	1570	13 considered appropriate by the responsible public
1571	1571	14 entity.
1572	1572	15 (C) An operations fee, payable on a lump sum
1573	1573	16 basis, time and material basis, periodic basis, or any
1574	1574	17 other basis considered appropriate by the responsible
1575	1575	18 public entity.
1576	1576	19 (D) Some or all of the revenues, if any, arising
1577	1577	20 out of operation of the qualifying project.
1578	1578	21 (E) A maximum rate of return on investment or
1579	1579	22 return on equity or a combination of the 2.
1580	1580	23 (F) In-kind services, materials, property,
1581	1581	24 equipment, or other items.
1582	1582	25 (G) Compensation in the event of any termination.
1583	1583	26 (H) Availability payments or similar arrangements
1584	1584
1585	1585
1586	1586
1587	1587
1588	1588
1589	1589	HB3927 - 44 - LRB103 31057 DTM 57677 b
1590	1590
1591	1591
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1593	1593	HB3927 - 45 - LRB103 31057 DTM 57677 b
1594	1594	1 whereby payments are made to the contractor pursuant
1595	1595	2 to the terms set forth in the public-private
1596	1596	3 agreements or related agreements.
1597	1597	4 (I) Other compensation set forth in the
1598	1598	5 public-private agreement or otherwise considered
1599	1599	6 appropriate by the responsible public entity.
1600	1600	7 (10) Compensation or payments to the responsible
1601	1601	8 public entity, if any. Compensation or payments to the
1602	1602	9 responsible public entity may include any one or
1603	1603	10 combination of the following:
1604	1604	11 (A) A concession or lease payment or other fee,
1605	1605	12 which may be payable upfront or on a periodic basis or
1606	1606	13 on another basis deemed appropriate by the responsible
1607	1607	14 public entity.
1608	1608	15 (B) Sharing of revenues, if any, from the
1609	1609	16 operation of the qualifying project.
1610	1610	17 (C) Sharing of project savings from the
1611	1611	18 construction or services of the qualifying project.
1612	1612	19 (D) Payment for any services, materials,
1613	1613	20 equipment, personnel, or other items provided by the
1614	1614	21 responsible public entity to the contractor under the
1615	1615	22 public-private agreement or in connection with the
1616	1616	23 qualifying project.
1617	1617	24 (E) Other compensation set forth in the
1618	1618	25 public-private agreement or otherwise considered
1619	1619	26 appropriate by the parties.
1620	1620
1621	1621
1622	1622
1623	1623
1624	1624
1625	1625	HB3927 - 45 - LRB103 31057 DTM 57677 b
1626	1626
1627	1627
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1629	1629	HB3927 - 46 - LRB103 31057 DTM 57677 b
1630	1630	1 (11) The date and terms of termination of the
1631	1631	2 contractor's authority and duties under the public-private
1632	1632	3 agreement and the circumstances under which the
1633	1633	4 contractor's authority and duties may be terminated before
1634	1634	5 that date.
1635	1635	6 (12) The term of a public-private agreement, including
1636	1636	7 all extensions, may not exceed 75 years.
1637	1637	8 (13) Upon termination of the public-private agreement,
1638	1638	9 the authority of the contractor under this Act ceases,
1639	1639	10 except for those duties and obligations that extend beyond
1640	1640	11 the termination, as set forth in the public-private
1641	1641	12 agreement, and all interests in the qualifying project
1642	1642	13 shall revert to the responsible public entity.
1643	1643	14 (14) Rights and remedies of the responsible public
1644	1644	15 entity if the contractor defaults or otherwise fails to
1645	1645	16 comply with the terms of the public-private agreement.
1646	1646	17 (15) Procedures for the selection of professional
1647	1647	18 design firms and subcontractors, which shall include
1648	1648	19 procedures consistent with the Architectural, Engineering,
1649	1649	20 and Land Surveying Qualifications Based Selection Act for
1650	1650	21 the selection of professional design firms and may
1651	1651	22 include, in the discretion of the responsible public
1652	1652	23 entity, procedures consistent with the low bid procurement
1653	1653	24 procedures outlined in the Illinois Procurement Code for
1654	1654	25 the selection of construction companies.
1655	1655	26 (16) Other terms, conditions, and provisions that the
1656	1656
1657	1657
1658	1658
1659	1659
1660	1660
1661	1661	HB3927 - 46 - LRB103 31057 DTM 57677 b
1662	1662
1663	1663
1664	1664	HB3927- 47 -LRB103 31057 DTM 57677 b HB3927 - 47 - LRB103 31057 DTM 57677 b
1665	1665	HB3927 - 47 - LRB103 31057 DTM 57677 b
1666	1666	1 responsible public entity finds are in the public's
1667	1667	2 interest.
1668	1668	3 (c) Notwithstanding any provision of law to the contrary,
1669	1669	4 any public-private agreement entered into under a
1670	1670	5 public-private partnership between a vendor and a responsible
1671	1671	6 public entity shall include a provision requiring the selected
1672	1672	7 vendor to enter into a labor peace agreement with any bona fide
1673	1673	8 labor organization, including any bona fide labor organization
1674	1674	9 that represents or is attempting to represent any of its
1675	1675	10 employees.
1676	1676	11 Section 5-10. Additional requirements.
1677	1677	12 (a) The responsible public entity may fix the amounts of
1678	1678	13 user fees that a contractor may charge and collect for the use
1679	1679	14 of any part of a qualifying project in accordance with the
1680	1680	15 public-private agreement. In fixing the amounts, the
1681	1681	16 responsible public entity may establish amounts for the user
1682	1682	17 fees and may provide that any increases or decreases of those
1683	1683	18 fees shall be based upon the indices, methodologies, or other
1684	1684	19 factors the responsible public entity considers appropriate.
1685	1685	20 (b) A public-private agreement may:
1686	1686	21 (1) authorize the imposition of tolls;
1687	1687	22 (2) authorize the contractor to adjust the user fees
1688	1688	23 for the use of the qualifying project, so long as the
1689	1689	24 amounts charged and collected by the contractor do not
1690	1690	25 exceed amounts established by the responsible public
1691	1691
1692	1692
1693	1693
1694	1694
1695	1695
1696	1696	HB3927 - 47 - LRB103 31057 DTM 57677 b
1697	1697
1698	1698
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1700	1700	HB3927 - 48 - LRB103 31057 DTM 57677 b
1701	1701	1 entity under the public-private agreement;
1702	1702	2 (3) provide that any adjustment by the contractor
1703	1703	3 permitted under paragraph (2) may be based on the indices,
1704	1704	4 methodologies, or other factors described in the
1705	1705	5 public-private agreement;
1706	1706	6 (4) authorize the contractor to charge and collect
1707	1707	7 user fees through methods, including, but not limited to,
1708	1708	8 automatic vehicle identification systems, electronic toll
1709	1709	9 collection systems, and, to the extent permitted by law,
1710	1710	10 global positioning system-based, photo-based, or
1711	1711	11 video-based toll collection enforcement, if, to the
1712	1712	12 maximum extent feasible, the contractor will (i) use open
1713	1713	13 road tolling methods that allow payment of tolls at
1714	1714	14 highway speeds and (ii) comply with United States
1715	1715	15 Department of Transportation requirements and best
1716	1716	16 practices with respect to tolling methods; and
1717	1717	17 (5) authorize the collection of user fees by a third
1718	1718	18 party.
1719	1719	19 Section 5-15. Loans for qualifying project. In the
1720	1720	20 public-private agreement, the responsible public entity may
1721	1721	21 agree to make loans for the development or operation, or both,
1722	1722	22 of the qualifying project from time to time from amounts
1723	1723	23 received from the federal government or any agency or
1724	1724	24 instrumentality of the federal government or from any State or
1725	1725	25 local agency. No loan shall extend beyond the life of the
1726	1726
1727	1727
1728	1728
1729	1729
1730	1730
1731	1731	HB3927 - 48 - LRB103 31057 DTM 57677 b
1732	1732
1733	1733
1734	1734	HB3927- 49 -LRB103 31057 DTM 57677 b HB3927 - 49 - LRB103 31057 DTM 57677 b
1735	1735	HB3927 - 49 - LRB103 31057 DTM 57677 b
1736	1736	1 qualifying project as the parties determine.
1737	1737	2 Section 5-20. Terms and conditions in agreement. The
1738	1738	3 public-private agreement must incorporate the duties of the
1739	1739	4 contractor under this Act and may contain the other terms and
1740	1740	5 conditions that the responsible public entity determines serve
1741	1741	6 the public purpose of this Act. The public-private agreement
1742	1742	7 may contain provisions under which the responsible public
1743	1743	8 entity agrees to provide notice of default and cure rights for
1744	1744	9 the benefit of the contractor and the persons or entities
1745	1745	10 described in the public-private agreement that are providing
1746	1746	11 financing for the qualifying project. The public-private
1747	1747	12 agreement may contain any other lawful term or condition to
1748	1748	13 which the contractor and the responsible public entity
1749	1749	14 mutually agree, including provisions regarding change orders,
1750	1750	15 dispute resolution, required upgrades to the qualifying
1751	1751	16 project, tolling policies, changes and modifications to the
1752	1752	17 qualifying project, unavoidable delays, or provisions for a
1753	1753	18 loan or grant of public funds for the development or
1754	1754	19 operation, or both, of one or more qualifying projects.
1755	1755	20 Section 5-25. Responsible public entity takeover of
1756	1756	21 qualifying project after termination or expiration.
1757	1757	22 (a) Upon the termination or expiration of the
1758	1758	23 public-private agreement, including a termination for default,
1759	1759	24 the responsible public entity shall have the right to take
1760	1760
1761	1761
1762	1762
1763	1763
1764	1764
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1766	1766
1767	1767
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1769	1769	HB3927 - 50 - LRB103 31057 DTM 57677 b
1770	1770	1 over the qualifying project and to succeed to all of the right,
1771	1771	2 title, and interest in the qualifying project and all real
1772	1772	3 property acquired as a part of the project shall be held in the
1773	1773	4 name of the responsible public entity.
1774	1774	5 (b) If a responsible public entity elects to take over a
1775	1775	6 qualifying project as provided in subsection (a), the
1776	1776	7 responsible public entity may do the following:
1777	1777	8 (1) develop, finance, or operate the project,
1778	1778	9 including through a public-private agreement entered in
1779	1779	10 accordance with this Act; and
1780	1780	11 (2) impose, collect, retain, and use user fees, if
1781	1781	12 any, for the project.
1782	1782	13 (c) If a responsible public entity elects to take over a
1783	1783	14 qualifying project as provided in subsection (a), the
1784	1784	15 responsible public entity may use the revenues, if any, for
1785	1785	16 any lawful purpose, including to:
1786	1786	17 (1) make payments to individuals or entities in
1787	1787	18 connection with any financing of the qualifying project,
1788	1788	19 including through a public-private agreement entered into
1789	1789	20 in accordance with this Act;
1790	1790	21 (2) permit a contractor to receive some or all of the
1791	1791	22 revenues under a public-private agreement entered into
1792	1792	23 under this Act;
1793	1793	24 (3) pay development costs of the project;
1794	1794	25 (4) pay current operation costs of the project or
1795	1795	26 facilities;
1796	1796
1797	1797
1798	1798
1799	1799
1800	1800
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1802	1802
1803	1803
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1805	1805	HB3927 - 51 - LRB103 31057 DTM 57677 b
1806	1806	1 (5) pay the contractor for any compensation or payment
1807	1807	2 owed upon termination; and
1808	1808	3 (6) pay for the development, financing, or operation
1809	1809	4 of any other project or projects the responsible public
1810	1810	5 entity deems appropriate.
1811	1811	6 (d) The full faith and credit of the State or any political
1812	1812	7 subdivision of the State or the responsible public entity is
1813	1813	8 not pledged to secure any financing of the contractor by the
1814	1814	9 election to take over the qualifying project. Assumption of
1815	1815	10 development or operation, or both, of the qualifying project
1816	1816	11 does not obligate the State or any political subdivision of
1817	1817	12 the State or the responsible public entity to pay any
1818	1818	13 obligation of the contractor.
1819	1819	14 Section 5-30. Changes added by written amendment. Any
1820	1820	15 changes in the terms of the public-private agreement agreed to
1821	1821	16 by the parties shall be added to the public-private agreement
1822	1822	17 by written amendment.
1823	1823	18 Section 5-35. Agreements with multiple private entities.
1824	1824	19 Notwithstanding any other provision of this Act, the
1825	1825	20 responsible public entity may enter into a public-private
1826	1826	21 agreement with multiple private entities if the responsible
1827	1827	22 public entity determines in writing that it is in the public
1828	1828	23 interest to do so.
1829	1829
1830	1830
1831	1831
1832	1832
1833	1833
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1835	1835
1836	1836
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1838	1838	HB3927 - 52 - LRB103 31057 DTM 57677 b
1839	1839	1 Section 5-40. Agreement provisions for qualifying project.
1840	1840	2 The public-private agreement may provide for all or part of
1841	1841	3 the development, financing, or operation of phases or segments
1842	1842	4 of the qualifying project.
1843	1843	5 Article 6. Development and Operations Standards for Projects
1844	1844	6 Section 6-5. Standards of compliance for plans and
1845	1845	7 specifications. The plans and specifications, if any, for each
1846	1846	8 project developed under this Act must comply with:
1847	1847	9 (1) the responsible public entity's standards for
1848	1848	10 other projects of a similar nature or as otherwise
1849	1849	11 provided in the public-private agreement;
1850	1850	12 (2) the Professional Engineering Practice Act of 1989,
1851	1851	13 the Structural Engineering Practice Act of 1989, the
1852	1852	14 Illinois Architecture Practice Act of 1989, Section 30-22
1853	1853	15 of the Illinois Procurement Code as applicable as it
1854	1854	16 applies to responsible bidders, and the Illinois
1855	1855	17 Professional Land Surveyor Act of 1989; and
1856	1856	18 (3) any other applicable State or federal standards.
1857	1857	19 Section 6-10. Highway projects under Act considered part
1858	1858	20 of State highway system. Each highway project constructed or
1859	1859	21 operated under this Act is considered to be part of:
1860	1860	22 (1) the State highway system for purposes of
1861	1861	23 identification, maintenance standards, and enforcement of
1862	1862
1863	1863
1864	1864
1865	1865
1866	1866
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1868	1868
1869	1869
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1871	1871	HB3927 - 53 - LRB103 31057 DTM 57677 b
1872	1872	1 traffic laws if the highway project is under the
1873	1873	2 jurisdiction of the Department;
1874	1874	3 (2) the toll highway system for purposes of
1875	1875	4 identification, maintenance standards, and enforcement of
1876	1876	5 traffic laws if the highway project is under the
1877	1877	6 jurisdiction of the Authority; or
1878	1878	7 (3) a country or municipal road system for purposes of
1879	1879	8 identification, maintenance standards, and enforcement of
1880	1880	9 traffic laws if the highway or road project is under the
1881	1881	10 jurisdiction of a county or municipality.
1882	1882	11 Section 6-15. Service agreements. Any unit of local
1883	1883	12 government or State agency may enter into agreements with the
1884	1884	13 contractor for maintenance or other services under this Act.
1885	1885	14 Section 6-20. Cooperation with federal and local agencies.
1886	1886	15 The responsible public entity shall seek the cooperation of
1887	1887	16 federal and local agencies to expedite all necessary federal
1888	1888	17 and local permits, licenses, and approvals necessary for
1889	1889	18 projects under this Act.
1890	1890	19 Article 7. Taxation of Contractors
1891	1891	20 Section 7-5. Exemptions from property taxes. A project
1892	1892	21 under this Act and tangible personal property used exclusively
1893	1893	22 in connection with a project that are:
1894	1894
1895	1895
1896	1896
1897	1897
1898	1898
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1900	1900
1901	1901
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1903	1903	HB3927 - 54 - LRB103 31057 DTM 57677 b
1904	1904	1 (1) owned by the responsible public entity and leased,
1905	1905	2 licensed, financed, or otherwise conveyed to a contractor;
1906	1906	3 or
1907	1907	4 (2) acquired, constructed, or otherwise provided by a
1908	1908	5 contractor on behalf of the responsible public entity.
1909	1909	6 Under the terms of a public-private agreement are
1910	1910	7 considered to be public property devoted to an essential
1911	1911	8 public and governmental function and purpose. The property,
1912	1912	9 and a contractor's leasehold estate or interests in the
1913	1913	10 property, are exempt from all ad valorem property taxes and
1914	1914	11 special assessments levied against property by the State or
1915	1915	12 any political subdivision of the State.
1916	1916	13 Section 7-10. Exemptions from retail and use taxes. A
1917	1917	14 contractor or any other person purchasing tangible personal
1918	1918	15 property for incorporation into or improvement of a structure
1919	1919	16 or facility constituting or becoming part of the land included
1920	1920	17 in a project is entitled to the exemption from retail tax and
1921	1921	18 use tax provided under the Retailers' Occupation Tax Act and
1922	1922	19 Use Tax Act, respectively, with respect to that tangible
1923	1923	20 personal property.
1924	1924	21 Section 7-15. Taxation of income. Income received by a
1925	1925	22 contractor under the terms of a public-private agreement is
1926	1926	23 subject to taxation in the same manner as income received by
1927	1927	24 other private entities.
1928	1928
1929	1929
1930	1930
1931	1931
1932	1932
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1934	1934
1935	1935
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1937	1937	HB3927 - 55 - LRB103 31057 DTM 57677 b
1938	1938	1 Article 8. Financial Arrangements
1939	1939	2 Section 8-5. Actions to obtain credit assistance. The
1940	1940	3 responsible public entity may do any combination of applying
1941	1941	4 for, executing, or endorsing applications submitted by private
1942	1942	5 entities to obtain federal, State, or local credit assistance
1943	1943	6 for qualifying projects developed, financed, or operated under
1944	1944	7 this Act, including loans, lines of credit, and guarantees.
1945	1945	8 Section 8-10. Actions to obtain assistance. The
1946	1946	9 responsible public entity may take any action to obtain
1947	1947	10 federal, State, or local assistance for a qualifying project
1948	1948	11 that serves the public purpose of this Act and may enter into
1949	1949	12 any contracts required to receive the federal assistance. The
1950	1950	13 responsible public entity may determine that it serves the
1951	1951	14 public purpose of this Act for all or any portion of the costs
1952	1952	15 of a qualifying project to be paid, directly or indirectly,
1953	1953	16 from the proceeds of a grant or loan, line of credit, or loan
1954	1954	17 guarantee made by a local, State, or federal government or any
1955	1955	18 agency or instrumentality of a local, State, or federal
1956	1956	19 government. Such assistance may include, but not be limited
1957	1957	20 to, federal credit assistance pursuant to the Transportation
1958	1958	21 Infrastructure Finance and Innovation Act and the Water
1959	1959	22 Infrastructure and Finance and Innovation Act.
1960	1960
1961	1961
1962	1962
1963	1963
1964	1964
1965	1965	HB3927 - 55 - LRB103 31057 DTM 57677 b
1966	1966
1967	1967
1968	1968	HB3927- 56 -LRB103 31057 DTM 57677 b HB3927 - 56 - LRB103 31057 DTM 57677 b
1969	1969	HB3927 - 56 - LRB103 31057 DTM 57677 b
1970	1970	1 Section 8-15. Grants or loans from amounts received from
1971	1971	2 governments. The responsible public entity may agree to make
1972	1972	3 grants or loans for the development, financing, or operation
1973	1973	4 of a qualifying project from time to time, from amounts
1974	1974	5 received from the federal, State, or local government or any
1975	1975	6 agency or instrumentality of the federal, State, or local
1976	1976	7 government.
1977	1977	8 Section 8-20. Terms and conditions of financing. Any
1978	1978	9 financing of a qualifying project may be in the amounts for the
1979	1979	10 term, and upon other terms and conditions that are determined
1980	1980	11 by the parties to the public-private agreement and the
1981	1981	12 financing shall not exceed the life of the qualifying project,
1982	1982	13 not to exceed 75 years.
1983	1983	14 Section 8-25. General powers for the purpose of financing.
1984	1984	15 For the purpose of financing a qualifying project, the
1985	1985	16 contractor and the responsible public entity may do the
1986	1986	17 following:
1987	1987	18 (1) Propose to use any and all of the revenues
1988	1988	19 generated by a qualifying project to pay principal,
1989	1989	20 interest, costs of operation and maintenance of a
1990	1990	21 qualifying project.
1991	1991	22 (2) Enter into grant agreements.
1992	1992	23 (3) Access any other funds for design, construction,
1993	1993	24 operation or maintenance of a qualifying project available
1994	1994
1995	1995
1996	1996
1997	1997
1998	1998
1999	1999	HB3927 - 56 - LRB103 31057 DTM 57677 b
2000	2000
2001	2001
2002	2002	HB3927- 57 -LRB103 31057 DTM 57677 b HB3927 - 57 - LRB103 31057 DTM 57677 b
2003	2003	HB3927 - 57 - LRB103 31057 DTM 57677 b
2004	2004	1 to the responsible public entity or private entity,
2005	2005	2 including public or private pension funds.
2006	2006	3 (4) Accept grants from the responsible public entity
2007	2007	4 or other public or private agency or entity.
2008	2008	5 (5) Enter into a lease with a private entity for a
2009	2009	6 qualifying project and may lease a qualifying project to a
2010	2010	7 contractor under a public-private agreement.
2011	2011	8 (6) Pay lease rentals for leases that the responsible
2012	2012	9 public entity has entered into under this Act that secure
2013	2013	10 bonds or debts issued or approved under this Article from
2014	2014	11 any legally available revenues, including:
2015	2015	12 (A) payments received from a contractor;
2016	2016	13 (B) federal highway revenues;
2017	2017	14 (C) distributions from the State highway fund; and
2018	2018	15 (D) other funds available to the responsible
2019	2019	16 public entity for such purpose.
2020	2020	17 Section 8-30. Debt.
2021	2021	18 (a) For the purpose of financing a qualifying project, the
2022	2022	19 responsible public entity may by resolution borrow money and
2023	2023	20 enter into agreements, leases, contracts or subleases with a
2024	2024	21 private entity, and do the following:
2025	2025	22 (1) Issue, sell, and refund bonds, notes of the
2026	2026	23 responsible public entity, debt, or other debt
2027	2027	24 obligations.
2028	2028	25 (2) Enter into loan agreements or other credit
2029	2029
2030	2030
2031	2031
2032	2032
2033	2033
2034	2034	HB3927 - 57 - LRB103 31057 DTM 57677 b
2035	2035
2036	2036
2037	2037	HB3927- 58 -LRB103 31057 DTM 57677 b HB3927 - 58 - LRB103 31057 DTM 57677 b
2038	2038	HB3927 - 58 - LRB103 31057 DTM 57677 b
2039	2039	1 facilities.
2040	2040	2 (3) Secure any financing with a pledge of revenues,
2041	2041	3 security interest in, or lien on all or part of a property
2042	2042	4 subject to the agreement, including all of the party's
2043	2043	5 property interests in the qualifying project.
2044	2044	6 (b) Any term of such debt shall not exceed the earlier of
2045	2045	7 the term of the public-private agreement, the life of the
2046	2046	8 qualifying project or 75 years.
2047	2047	9 (c) The bonds, notes, and other forms of debt issued under
2048	2048	10 this Article:
2049	2049	11 (1) constitute the corporate obligations of the
2050	2050	12 responsible public entity;
2051	2051	13 (2) do not constitute an indebtedness of the State
2052	2052	14 within the meaning or application of any constitutional
2053	2053	15 provision or limitation; and
2054	2054	16 (3) are payable solely as to both principal and
2055	2055	17 interest and other associated fees from:
2056	2056	18 (A) the revenues from a lease to the responsible
2057	2057	19 public entity, if any;
2058	2058	20 (B) proceeds of bonds or notes, if any;
2059	2059	21 (C) investment earnings on proceeds of bonds or
2060	2060	22 notes; or
2061	2061	23 (D) other funds available to the responsible
2062	2062	24 public entity for such purpose.
2063	2063	25 Section 8-35. Use of public funds for financing. For the
2064	2064
2065	2065
2066	2066
2067	2067
2068	2068
2069	2069	HB3927 - 58 - LRB103 31057 DTM 57677 b
2070	2070
2071	2071
2072	2072	HB3927- 59 -LRB103 31057 DTM 57677 b HB3927 - 59 - LRB103 31057 DTM 57677 b
2073	2073	HB3927 - 59 - LRB103 31057 DTM 57677 b
2074	2074	1 purpose of financing a qualifying project, public funds,
2075	2075	2 including public or private pension funds, may be used and
2076	2076	3 aggregated with funds provided by or on behalf of the
2077	2077	4 contractor or other private entities. The use of public funds
2078	2078	5 to finance all or a portion of qualifying projects authorized
2079	2079	6 under this Article 8 constitutes authorized investments as
2080	2080	7 provided in Section 2 of the Public Funds Investment Act.
2081	2081	8 Section 8-40. Private activity bonds for purpose of
2082	2082	9 financing. For the purpose of financing a qualifying project,
2083	2083	10 a responsible public entity is authorized to do any
2084	2084	11 combination of applying for, executing, or endorsing
2085	2085	12 applications for an allocation of tax-exempt bond financing
2086	2086	13 authorization provided by the United States Internal Revenue
2087	2087	14 Code, as well as financing available under any other federal
2088	2088	15 law or program.
2089	2089	16 Section 8-45. Debt limitations. Any bonds, debt, or other
2090	2090	17 securities or other financing issued by or on behalf of a
2091	2091	18 contractor for the purposes of a project undertaken under this
2092	2092	19 Act shall not be deemed to constitute a debt of the responsible
2093	2093	20 public entity, the State, or any political subdivision of the
2094	2094	21 State or a pledge of the faith and credit of the responsible
2095	2095	22 public entity, the State, or any political subdivision of the
2096	2096	23 State, for purposes of debt limitation.
2097	2097
2098	2098
2099	2099
2100	2100
2101	2101
2102	2102	HB3927 - 59 - LRB103 31057 DTM 57677 b
2103	2103
2104	2104
2105	2105	HB3927- 60 -LRB103 31057 DTM 57677 b HB3927 - 60 - LRB103 31057 DTM 57677 b
2106	2106	HB3927 - 60 - LRB103 31057 DTM 57677 b
2107	2107	1 Article 9. Acquisition of Property
2108	2108	2 Section 9-5. General. The responsible public entity may
2109	2109	3 exercise any power of condemnation or eminent domain,
2110	2110	4 including quick-take powers, that it has under law, for the
2111	2111	5 purpose of acquiring any lands or estates or interests in land
2112	2112	6 for a qualifying project to the extent provided in the
2113	2113	7 public-private agreement or otherwise to the extent that the
2114	2114	8 responsible public entity finds that the action serves the
2115	2115	9 public purpose of this Act and deems it appropriate in the
2116	2116	10 exercise of its powers under this Act.
2117	2117	11 Section 9-10. Entering into grants of property interests.
2118	2118	12 The responsible public entity and a private entity may enter
2119	2119	13 into the leases, licenses, easements, and other grants of
2120	2120	14 property that the responsible public entity determines
2121	2121	15 necessary to carry out this Act.
2122	2122	16 Article 10. Law Enforcement
2123	2123	17 Section 10-5. Powers and jurisdiction within limits of
2124	2124	18 qualifying project.
2125	2125	19 (a) All law enforcement officers of the State and of each
2126	2126	20 affected jurisdiction have the same powers and jurisdiction
2127	2127	21 within the limits of the qualifying project as they have in
2128	2128	22 their respective areas of jurisdiction.
2129	2129
2130	2130
2131	2131
2132	2132
2133	2133
2134	2134	HB3927 - 60 - LRB103 31057 DTM 57677 b
2135	2135
2136	2136
2137	2137	HB3927- 61 -LRB103 31057 DTM 57677 b HB3927 - 61 - LRB103 31057 DTM 57677 b
2138	2138	HB3927 - 61 - LRB103 31057 DTM 57677 b
2139	2139	1 (b) Law enforcement officers shall have access to the
2140	2140	2 qualifying project at any time for the purpose of exercising
2141	2141	3 the law enforcement officers' powers and jurisdiction.
2142	2142	4 Section 10-10. Application of traffic and motor vehicle
2143	2143	5 laws; punishment for infractions.
2144	2144	6 (a) The traffic and motor vehicle laws of the State or, if
2145	2145	7 applicable, any local jurisdiction shall be the same as those
2146	2146	8 applying to conduct on similar projects in the State or the
2147	2147	9 local jurisdiction.
2148	2148	10 (b) Punishment for infractions and offenses shall be as
2149	2149	11 prescribed by law for conduct occurring on similar projects in
2150	2150	12 the State or the local jurisdiction.
2151	2151	13 Section 10-15. Law enforcement assistance.
2152	2152	14 (a) Each responsible public entity may enter into an
2153	2153	15 agreement between and among the private entity, the
2154	2154	16 responsible public entity, and the Illinois State Police or
2155	2155	17 other appropriate policing authority where the project is
2156	2156	18 located concerning the provision of law enforcement assistance
2157	2157	19 with respect to a qualifying project that is the subject of a
2158	2158	20 public-private agreement under this Act.
2159	2159	21 (b) Each responsible public entity is authorized to enter
2160	2160	22 into arrangements with the appropriate policing unit related
2161	2161	23 to costs incurred in providing law enforcement assistance
2162	2162	24 under this Act.
2163	2163
2164	2164
2165	2165
2166	2166
2167	2167
2168	2168	HB3927 - 61 - LRB103 31057 DTM 57677 b
2169	2169
2170	2170
2171	2171	HB3927- 62 -LRB103 31057 DTM 57677 b HB3927 - 62 - LRB103 31057 DTM 57677 b
2172	2172	HB3927 - 62 - LRB103 31057 DTM 57677 b
2173	2173	1 Article 11. Additional Powers of Responsible Public Entity
2174	2174	2 with Respect to Qualifying Projects
2175	2175	3 Section 11-5. Contracts and agreements necessary to
2176	2176	4 performance of duties and execution of powers. Each
2177	2177	5 responsible public entity may make and enter into all
2178	2178	6 contracts and agreements necessary or incidental to the
2179	2179	7 performance of the responsible public entity's duties and the
2180	2180	8 execution of the responsible public entity's powers under this
2181	2181	9 Act. Except as otherwise required by law, these contracts or
2182	2182	10 agreements are not subject to any appropriation or approvals
2183	2183	11 other than the approval of the responsible public entity and
2184	2184	12 may be for any term of years and contain any terms that are
2185	2185	13 considered reasonable by the responsible public entity.
2186	2186	14 Section 11-10. Payment of costs. A responsible public
2187	2187	15 entity may pay the costs incurred under a public-private
2188	2188	16 agreement entered into under this Act from any funds available
2189	2189	17 to the responsible public entity under this Act or any other
2190	2190	18 statute.
2191	2191	19 Section 11-15. Action that would impair agreement
2192	2192	20 prohibited. A responsible public entity or other State or
2193	2193	21 local government may not take any action that would impair a
2194	2194	22 public-private agreement entered into under this Act.
2195	2195
2196	2196
2197	2197
2198	2198
2199	2199
2200	2200	HB3927 - 62 - LRB103 31057 DTM 57677 b
2201	2201
2202	2202
2203	2203	HB3927- 63 -LRB103 31057 DTM 57677 b HB3927 - 63 - LRB103 31057 DTM 57677 b
2204	2204	HB3927 - 63 - LRB103 31057 DTM 57677 b
2205	2205	1 Article 12. Amendatory Provisions
2206	2206	2 Section 12-5. The Freedom of Information Act is amended by
2207	2207	3 changing Section 7.5 as follows:
2208	2208	4 (5 ILCS 140/7.5)
2209	2209	5 Sec. 7.5. Statutory exemptions. To the extent provided for
2210	2210	6 by the statutes referenced below, the following shall be
2211	2211	7 exempt from inspection and copying:
2212	2212	8 (a) All information determined to be confidential
2213	2213	9 under Section 4002 of the Technology Advancement and
2214	2214	10 Development Act.
2215	2215	11 (b) Library circulation and order records identifying
2216	2216	12 library users with specific materials under the Library
2217	2217	13 Records Confidentiality Act.
2218	2218	14 (c) Applications, related documents, and medical
2219	2219	15 records received by the Experimental Organ Transplantation
2220	2220	16 Procedures Board and any and all documents or other
2221	2221	17 records prepared by the Experimental Organ Transplantation
2222	2222	18 Procedures Board or its staff relating to applications it
2223	2223	19 has received.
2224	2224	20 (d) Information and records held by the Department of
2225	2225	21 Public Health and its authorized representatives relating
2226	2226	22 to known or suspected cases of sexually transmissible
2227	2227	23 disease or any information the disclosure of which is
2228	2228
2229	2229
2230	2230
2231	2231
2232	2232
2233	2233	HB3927 - 63 - LRB103 31057 DTM 57677 b
2234	2234
2235	2235
2236	2236	HB3927- 64 -LRB103 31057 DTM 57677 b HB3927 - 64 - LRB103 31057 DTM 57677 b
2237	2237	HB3927 - 64 - LRB103 31057 DTM 57677 b
2238	2238	1 restricted under the Illinois Sexually Transmissible
2239	2239	2 Disease Control Act.
2240	2240	3 (e) Information the disclosure of which is exempted
2241	2241	4 under Section 30 of the Radon Industry Licensing Act.
2242	2242	5 (f) Firm performance evaluations under Section 55 of
2243	2243	6 the Architectural, Engineering, and Land Surveying
2244	2244	7 Qualifications Based Selection Act.
2245	2245	8 (g) Information the disclosure of which is restricted
2246	2246	9 and exempted under Section 50 of the Illinois Prepaid
2247	2247	10 Tuition Act.
2248	2248	11 (h) Information the disclosure of which is exempted
2249	2249	12 under the State Officials and Employees Ethics Act, and
2250	2250	13 records of any lawfully created State or local inspector
2251	2251	14 general's office that would be exempt if created or
2252	2252	15 obtained by an Executive Inspector General's office under
2253	2253	16 that Act.
2254	2254	17 (i) Information contained in a local emergency energy
2255	2255	18 plan submitted to a municipality in accordance with a
2256	2256	19 local emergency energy plan ordinance that is adopted
2257	2257	20 under Section 11-21.5-5 of the Illinois Municipal Code.
2258	2258	21 (j) Information and data concerning the distribution
2259	2259	22 of surcharge moneys collected and remitted by carriers
2260	2260	23 under the Emergency Telephone System Act.
2261	2261	24 (k) Law enforcement officer identification information
2262	2262	25 or driver identification information compiled by a law
2263	2263	26 enforcement agency or the Department of Transportation
2264	2264
2265	2265
2266	2266
2267	2267
2268	2268
2269	2269	HB3927 - 64 - LRB103 31057 DTM 57677 b
2270	2270
2271	2271
2272	2272	HB3927- 65 -LRB103 31057 DTM 57677 b HB3927 - 65 - LRB103 31057 DTM 57677 b
2273	2273	HB3927 - 65 - LRB103 31057 DTM 57677 b
2274	2274	1 under Section 11-212 of the Illinois Vehicle Code.
2275	2275	2 (l) Records and information provided to a residential
2276	2276	3 health care facility resident sexual assault and death
2277	2277	4 review team or the Executive Council under the Abuse
2278	2278	5 Prevention Review Team Act.
2279	2279	6 (m) Information provided to the predatory lending
2280	2280	7 database created pursuant to Article 3 of the Residential
2281	2281	8 Real Property Disclosure Act, except to the extent
2282	2282	9 authorized under that Article.
2283	2283	10 (n) Defense budgets and petitions for certification of
2284	2284	11 compensation and expenses for court appointed trial
2285	2285	12 counsel as provided under Sections 10 and 15 of the
2286	2286	13 Capital Crimes Litigation Act. This subsection (n) shall
2287	2287	14 apply until the conclusion of the trial of the case, even
2288	2288	15 if the prosecution chooses not to pursue the death penalty
2289	2289	16 prior to trial or sentencing.
2290	2290	17 (o) Information that is prohibited from being
2291	2291	18 disclosed under Section 4 of the Illinois Health and
2292	2292	19 Hazardous Substances Registry Act.
2293	2293	20 (p) Security portions of system safety program plans,
2294	2294	21 investigation reports, surveys, schedules, lists, data, or
2295	2295	22 information compiled, collected, or prepared by or for the
2296	2296	23 Department of Transportation under Sections 2705-300 and
2297	2297	24 2705-616 of the Department of Transportation Law of the
2298	2298	25 Civil Administrative Code of Illinois, the Regional
2299	2299	26 Transportation Authority under Section 2.11 of the
2300	2300
2301	2301
2302	2302
2303	2303
2304	2304
2305	2305	HB3927 - 65 - LRB103 31057 DTM 57677 b
2306	2306
2307	2307
2308	2308	HB3927- 66 -LRB103 31057 DTM 57677 b HB3927 - 66 - LRB103 31057 DTM 57677 b
2309	2309	HB3927 - 66 - LRB103 31057 DTM 57677 b
2310	2310	1 Regional Transportation Authority Act, or the St. Clair
2311	2311	2 County Transit District under the Bi-State Transit Safety
2312	2312	3 Act.
2313	2313	4 (q) Information prohibited from being disclosed by the
2314	2314	5 Personnel Record Review Act.
2315	2315	6 (r) Information prohibited from being disclosed by the
2316	2316	7 Illinois School Student Records Act.
2317	2317	8 (s) Information the disclosure of which is restricted
2318	2318	9 under Section 5-108 of the Public Utilities Act.
2319	2319	10 (t) All identified or deidentified health information
2320	2320	11 in the form of health data or medical records contained
2321	2321	12 in, stored in, submitted to, transferred by, or released
2322	2322	13 from the Illinois Health Information Exchange, and
2323	2323	14 identified or deidentified health information in the form
2324	2324	15 of health data and medical records of the Illinois Health
2325	2325	16 Information Exchange in the possession of the Illinois
2326	2326	17 Health Information Exchange Office due to its
2327	2327	18 administration of the Illinois Health Information
2328	2328	19 Exchange. The terms "identified" and "deidentified" shall
2329	2329	20 be given the same meaning as in the Health Insurance
2330	2330	21 Portability and Accountability Act of 1996, Public Law
2331	2331	22 104-191, or any subsequent amendments thereto, and any
2332	2332	23 regulations promulgated thereunder.
2333	2333	24 (u) Records and information provided to an independent
2334	2334	25 team of experts under the Developmental Disability and
2335	2335	26 Mental Health Safety Act (also known as Brian's Law).
2336	2336
2337	2337
2338	2338
2339	2339
2340	2340
2341	2341	HB3927 - 66 - LRB103 31057 DTM 57677 b
2342	2342
2343	2343
2344	2344	HB3927- 67 -LRB103 31057 DTM 57677 b HB3927 - 67 - LRB103 31057 DTM 57677 b
2345	2345	HB3927 - 67 - LRB103 31057 DTM 57677 b
2346	2346	1 (v) Names and information of people who have applied
2347	2347	2 for or received Firearm Owner's Identification Cards under
2348	2348	3 the Firearm Owners Identification Card Act or applied for
2349	2349	4 or received a concealed carry license under the Firearm
2350	2350	5 Concealed Carry Act, unless otherwise authorized by the
2351	2351	6 Firearm Concealed Carry Act; and databases under the
2352	2352	7 Firearm Concealed Carry Act, records of the Concealed
2353	2353	8 Carry Licensing Review Board under the Firearm Concealed
2354	2354	9 Carry Act, and law enforcement agency objections under the
2355	2355	10 Firearm Concealed Carry Act.
2356	2356	11 (v-5) Records of the Firearm Owner's Identification
2357	2357	12 Card Review Board that are exempted from disclosure under
2358	2358	13 Section 10 of the Firearm Owners Identification Card Act.
2359	2359	14 (w) Personally identifiable information which is
2360	2360	15 exempted from disclosure under subsection (g) of Section
2361	2361	16 19.1 of the Toll Highway Act.
2362	2362	17 (x) Information which is exempted from disclosure
2363	2363	18 under Section 5-1014.3 of the Counties Code or Section
2364	2364	19 8-11-21 of the Illinois Municipal Code.
2365	2365	20 (y) Confidential information under the Adult
2366	2366	21 Protective Services Act and its predecessor enabling
2367	2367	22 statute, the Elder Abuse and Neglect Act, including
2368	2368	23 information about the identity and administrative finding
2369	2369	24 against any caregiver of a verified and substantiated
2370	2370	25 decision of abuse, neglect, or financial exploitation of
2371	2371	26 an eligible adult maintained in the Registry established
2372	2372
2373	2373
2374	2374
2375	2375
2376	2376
2377	2377	HB3927 - 67 - LRB103 31057 DTM 57677 b
2378	2378
2379	2379
2380	2380	HB3927- 68 -LRB103 31057 DTM 57677 b HB3927 - 68 - LRB103 31057 DTM 57677 b
2381	2381	HB3927 - 68 - LRB103 31057 DTM 57677 b
2382	2382	1 under Section 7.5 of the Adult Protective Services Act.
2383	2383	2 (z) Records and information provided to a fatality
2384	2384	3 review team or the Illinois Fatality Review Team Advisory
2385	2385	4 Council under Section 15 of the Adult Protective Services
2386	2386	5 Act.
2387	2387	6 (aa) Information which is exempted from disclosure
2388	2388	7 under Section 2.37 of the Wildlife Code.
2389	2389	8 (bb) Information which is or was prohibited from
2390	2390	9 disclosure by the Juvenile Court Act of 1987.
2391	2391	10 (cc) Recordings made under the Law Enforcement
2392	2392	11 Officer-Worn Body Camera Act, except to the extent
2393	2393	12 authorized under that Act.
2394	2394	13 (dd) Information that is prohibited from being
2395	2395	14 disclosed under Section 45 of the Condominium and Common
2396	2396	15 Interest Community Ombudsperson Act.
2397	2397	16 (ee) Information that is exempted from disclosure
2398	2398	17 under Section 30.1 of the Pharmacy Practice Act.
2399	2399	18 (ff) Information that is exempted from disclosure
2400	2400	19 under the Revised Uniform Unclaimed Property Act.
2401	2401	20 (gg) Information that is prohibited from being
2402	2402	21 disclosed under Section 7-603.5 of the Illinois Vehicle
2403	2403	22 Code.
2404	2404	23 (hh) Records that are exempt from disclosure under
2405	2405	24 Section 1A-16.7 of the Election Code.
2406	2406	25 (ii) Information which is exempted from disclosure
2407	2407	26 under Section 2505-800 of the Department of Revenue Law of
2408	2408
2409	2409
2410	2410
2411	2411
2412	2412
2413	2413	HB3927 - 68 - LRB103 31057 DTM 57677 b
2414	2414
2415	2415
2416	2416	HB3927- 69 -LRB103 31057 DTM 57677 b HB3927 - 69 - LRB103 31057 DTM 57677 b
2417	2417	HB3927 - 69 - LRB103 31057 DTM 57677 b
2418	2418	1 the Civil Administrative Code of Illinois.
2419	2419	2 (jj) Information and reports that are required to be
2420	2420	3 submitted to the Department of Labor by registering day
2421	2421	4 and temporary labor service agencies but are exempt from
2422	2422	5 disclosure under subsection (a-1) of Section 45 of the Day
2423	2423	6 and Temporary Labor Services Act.
2424	2424	7 (kk) Information prohibited from disclosure under the
2425	2425	8 Seizure and Forfeiture Reporting Act.
2426	2426	9 (ll) Information the disclosure of which is restricted
2427	2427	10 and exempted under Section 5-30.8 of the Illinois Public
2428	2428	11 Aid Code.
2429	2429	12 (mm) Records that are exempt from disclosure under
2430	2430	13 Section 4.2 of the Crime Victims Compensation Act.
2431	2431	14 (nn) Information that is exempt from disclosure under
2432	2432	15 Section 70 of the Higher Education Student Assistance Act.
2433	2433	16 (oo) Communications, notes, records, and reports
2434	2434	17 arising out of a peer support counseling session
2435	2435	18 prohibited from disclosure under the First Responders
2436	2436	19 Suicide Prevention Act.
2437	2437	20 (pp) Names and all identifying information relating to
2438	2438	21 an employee of an emergency services provider or law
2439	2439	22 enforcement agency under the First Responders Suicide
2440	2440	23 Prevention Act.
2441	2441	24 (qq) Information and records held by the Department of
2442	2442	25 Public Health and its authorized representatives collected
2443	2443	26 under the Reproductive Health Act.
2444	2444
2445	2445
2446	2446
2447	2447
2448	2448
2449	2449	HB3927 - 69 - LRB103 31057 DTM 57677 b
2450	2450
2451	2451
2452	2452	HB3927- 70 -LRB103 31057 DTM 57677 b HB3927 - 70 - LRB103 31057 DTM 57677 b
2453	2453	HB3927 - 70 - LRB103 31057 DTM 57677 b
2454	2454	1 (rr) Information that is exempt from disclosure under
2455	2455	2 the Cannabis Regulation and Tax Act.
2456	2456	3 (ss) Data reported by an employer to the Department of
2457	2457	4 Human Rights pursuant to Section 2-108 of the Illinois
2458	2458	5 Human Rights Act.
2459	2459	6 (tt) Recordings made under the Children's Advocacy
2460	2460	7 Center Act, except to the extent authorized under that
2461	2461	8 Act.
2462	2462	9 (uu) Information that is exempt from disclosure under
2463	2463	10 Section 50 of the Sexual Assault Evidence Submission Act.
2464	2464	11 (vv) Information that is exempt from disclosure under
2465	2465	12 subsections (f) and (j) of Section 5-36 of the Illinois
2466	2466	13 Public Aid Code.
2467	2467	14 (ww) Information that is exempt from disclosure under
2468	2468	15 Section 16.8 of the State Treasurer Act.
2469	2469	16 (xx) Information that is exempt from disclosure or
2470	2470	17 information that shall not be made public under the
2471	2471	18 Illinois Insurance Code.
2472	2472	19 (yy) Information prohibited from being disclosed under
2473	2473	20 the Illinois Educational Labor Relations Act.
2474	2474	21 (zz) Information prohibited from being disclosed under
2475	2475	22 the Illinois Public Labor Relations Act.
2476	2476	23 (aaa) Information prohibited from being disclosed
2477	2477	24 under Section 1-167 of the Illinois Pension Code.
2478	2478	25 (bbb) Information that is prohibited from disclosure
2479	2479	26 by the Illinois Police Training Act and the Illinois State
2480	2480
2481	2481
2482	2482
2483	2483
2484	2484
2485	2485	HB3927 - 70 - LRB103 31057 DTM 57677 b
2486	2486
2487	2487
2488	2488	HB3927- 71 -LRB103 31057 DTM 57677 b HB3927 - 71 - LRB103 31057 DTM 57677 b
2489	2489	HB3927 - 71 - LRB103 31057 DTM 57677 b
2490	2490	1 Police Act.
2491	2491	2 (ccc) Records exempt from disclosure under Section
2492	2492	3 2605-304 of the Illinois State Police Law of the Civil
2493	2493	4 Administrative Code of Illinois.
2494	2494	5 (ddd) Information prohibited from being disclosed
2495	2495	6 under Section 35 of the Address Confidentiality for
2496	2496	7 Victims of Domestic Violence, Sexual Assault, Human
2497	2497	8 Trafficking, or Stalking Act.
2498	2498	9 (eee) Information prohibited from being disclosed
2499	2499	10 under subsection (b) of Section 75 of the Domestic
2500	2500	11 Violence Fatality Review Act.
2501	2501	12 (fff) Images from cameras under the Expressway Camera
2502	2502	13 Act. This subsection (fff) is inoperative on and after
2503	2503	14 July 1, 2023.
2504	2504	15 (ggg) Information prohibited from disclosure under
2505	2505	16 paragraph (3) of subsection (a) of Section 14 of the Nurse
2506	2506	17 Agency Licensing Act.
2507	2507	18 (hhh) Information submitted to the Illinois Department
2508	2508	19 of State Police in an affidavit or application for an
2509	2509	20 assault weapon endorsement, assault weapon attachment
2510	2510	21 endorsement, .50 caliber rifle endorsement, or .50 caliber
2511	2511	22 cartridge endorsement under the Firearm Owners
2512	2512	23 Identification Card Act.
2513	2513	24 (iii) Information that is exempt from disclosure under
2514	2514	25 Section 3-20 of the Public-Private Partnership Act.
2515	2515	26 (Source: P.A. 101-13, eff. 6-12-19; 101-27, eff. 6-25-19;
2516	2516
2517	2517
2518	2518
2519	2519
2520	2520
2521	2521	HB3927 - 71 - LRB103 31057 DTM 57677 b
2522	2522
2523	2523
2524	2524	HB3927- 72 -LRB103 31057 DTM 57677 b HB3927 - 72 - LRB103 31057 DTM 57677 b
2525	2525	HB3927 - 72 - LRB103 31057 DTM 57677 b
2526	2526	1 101-81, eff. 7-12-19; 101-221, eff. 1-1-20; 101-236, eff.
2527	2527	2 1-1-20; 101-375, eff. 8-16-19; 101-377, eff. 8-16-19; 101-452,
2528	2528	3 eff. 1-1-20; 101-466, eff. 1-1-20; 101-600, eff. 12-6-19;
2529	2529	4 101-620, eff 12-20-19; 101-649, eff. 7-7-20; 101-652, eff.
2530	2530	5 1-1-22; 101-656, eff. 3-23-21; 102-36, eff. 6-25-21; 102-237,
2531	2531	6 eff. 1-1-22; 102-292, eff. 1-1-22; 102-520, eff. 8-20-21;
2532	2532	7 102-559, eff. 8-20-21; 102-813, eff. 5-13-22; 102-946, eff.
2533	2533	8 7-1-22; 102-1042, eff. 6-3-22; 102-1116, eff. 1-10-23; revised
2534	2534	9 2-13-23.)
2535	2535	10 Section 12-10. The Public Funds Investment Act is amended
2536	2536	11 by changing Section 2 as follows:
2537	2537	12 (30 ILCS 235/2) (from Ch. 85, par. 902)
2538	2538	13 Sec. 2. Authorized investments.
2539	2539	14 (a) Any public agency may invest any public funds as
2540	2540	15 follows:
2541	2541	16 (1) in bonds, notes, certificates of indebtedness,
2542	2542	17 treasury bills or other securities now or hereafter
2543	2543	18 issued, which are guaranteed by the full faith and credit
2544	2544	19 of the United States of America as to principal and
2545	2545	20 interest;
2546	2546	21 (2) in bonds, notes, debentures, or other similar
2547	2547	22 obligations of the United States of America, its agencies,
2548	2548	23 and its instrumentalities;
2549	2549	24 (3) in interest-bearing savings accounts,
2550	2550
2551	2551
2552	2552
2553	2553
2554	2554
2555	2555	HB3927 - 72 - LRB103 31057 DTM 57677 b
2556	2556
2557	2557
2558	2558	HB3927- 73 -LRB103 31057 DTM 57677 b HB3927 - 73 - LRB103 31057 DTM 57677 b
2559	2559	HB3927 - 73 - LRB103 31057 DTM 57677 b
2560	2560	1 interest-bearing certificates of deposit or
2561	2561	2 interest-bearing time deposits or any other investments
2562	2562	3 constituting direct obligations of any bank as defined by
2563	2563	4 the Illinois Banking Act;
2564	2564	5 (4) in short-term obligations of corporations
2565	2565	6 organized in the United States with assets exceeding
2566	2566	7 $500,000,000 if (i) such obligations are rated at the time
2567	2567	8 of purchase at one of the 3 highest classifications
2568	2568	9 established by at least 2 standard rating services and
2569	2569	10 which mature not later than 270 days from the date of
2570	2570	11 purchase, (ii) such purchases do not exceed 10% of the
2571	2571	12 corporation's outstanding obligations, and (iii) no more
2572	2572	13 than one-third of the public agency's funds may be
2573	2573	14 invested in short-term obligations of corporations under
2574	2574	15 this paragraph (4);
2575	2575	16 (4.5) in obligations of corporations organized in the
2576	2576	17 United States with assets exceeding $500,000,000 if (i)
2577	2577	18 such obligations are rated at the time of purchase at one
2578	2578	19 of the 3 highest classifications established by at least 2
2579	2579	20 standard rating services and which mature more than 270
2580	2580	21 days but less than 3 years from the date of purchase, (ii)
2581	2581	22 such purchases do not exceed 10% of the corporation's
2582	2582	23 outstanding obligations, and (iii) no more than one-third
2583	2583	24 of the public agency's funds may be invested in
2584	2584	25 obligations of corporations under this paragraph (4.5); or
2585	2585	26 (5) in money market mutual funds registered under the
2586	2586
2587	2587
2588	2588
2589	2589
2590	2590
2591	2591	HB3927 - 73 - LRB103 31057 DTM 57677 b
2592	2592
2593	2593
2594	2594	HB3927- 74 -LRB103 31057 DTM 57677 b HB3927 - 74 - LRB103 31057 DTM 57677 b
2595	2595	HB3927 - 74 - LRB103 31057 DTM 57677 b
2596	2596	1 Investment Company Act of 1940, provided that the
2597	2597	2 portfolio of any such money market mutual fund is limited
2598	2598	3 to obligations described in paragraph (1) or (2) of this
2599	2599	4 subsection and to agreements to repurchase such
2600	2600	5 obligations.
2601	2601	6 (a-1) In addition to any other investments authorized
2602	2602	7 under this Act, a municipality, park district, forest preserve
2603	2603	8 district, conservation district, county, or other governmental
2604	2604	9 unit may invest its public funds in interest bearing bonds of
2605	2605	10 any county, township, city, village, incorporated town,
2606	2606	11 municipal corporation, or school district, of the State of
2607	2607	12 Illinois, of any other state, or of any political subdivision
2608	2608	13 or agency of the State of Illinois or of any other state,
2609	2609	14 whether the interest earned thereon is taxable or tax-exempt
2610	2610	15 under federal law. The bonds shall be registered in the name of
2611	2611	16 the municipality, park district, forest preserve district,
2612	2612	17 conservation district, county, or other governmental unit, or
2613	2613	18 held under a custodial agreement at a bank. The bonds shall be
2614	2614	19 rated at the time of purchase within the 4 highest general
2615	2615	20 classifications established by a rating service of nationally
2616	2616	21 recognized expertise in rating bonds of states and their
2617	2617	22 political subdivisions.
2618	2618	23 (b) Investments may be made only in banks which are
2619	2619	24 insured by the Federal Deposit Insurance Corporation. Any
2620	2620	25 public agency may invest any public funds in short term
2621	2621	26 discount obligations of the Federal National Mortgage
2622	2622
2623	2623
2624	2624
2625	2625
2626	2626
2627	2627	HB3927 - 74 - LRB103 31057 DTM 57677 b
2628	2628
2629	2629
2630	2630	HB3927- 75 -LRB103 31057 DTM 57677 b HB3927 - 75 - LRB103 31057 DTM 57677 b
2631	2631	HB3927 - 75 - LRB103 31057 DTM 57677 b
2632	2632	1 Association or in shares or other forms of securities legally
2633	2633	2 issuable by savings banks or savings and loan associations
2634	2634	3 incorporated under the laws of this State or any other state or
2635	2635	4 under the laws of the United States. Investments may be made
2636	2636	5 only in those savings banks or savings and loan associations
2637	2637	6 the shares, or investment certificates of which are insured by
2638	2638	7 the Federal Deposit Insurance Corporation. Any such securities
2639	2639	8 may be purchased at the offering or market price thereof at the
2640	2640	9 time of such purchase. All such securities so purchased shall
2641	2641	10 mature or be redeemable on a date or dates prior to the time
2642	2642	11 when, in the judgment of such governing authority, the public
2643	2643	12 funds so invested will be required for expenditure by such
2644	2644	13 public agency or its governing authority. The expressed
2645	2645	14 judgment of any such governing authority as to the time when
2646	2646	15 any public funds will be required for expenditure or be
2647	2647	16 redeemable is final and conclusive. Any public agency may
2648	2648	17 invest any public funds in dividend-bearing share accounts,
2649	2649	18 share certificate accounts or class of share accounts of a
2650	2650	19 credit union chartered under the laws of this State or the laws
2651	2651	20 of the United States; provided, however, the principal office
2652	2652	21 of any such credit union must be located within the State of
2653	2653	22 Illinois. Investments may be made only in those credit unions
2654	2654	23 the accounts of which are insured by applicable law.
2655	2655	24 (c) For purposes of this Section, the term "agencies of
2656	2656	25 the United States of America" includes: (i) the federal land
2657	2657	26 banks, federal intermediate credit banks, banks for
2658	2658
2659	2659
2660	2660
2661	2661
2662	2662
2663	2663	HB3927 - 75 - LRB103 31057 DTM 57677 b
2664	2664
2665	2665
2666	2666	HB3927- 76 -LRB103 31057 DTM 57677 b HB3927 - 76 - LRB103 31057 DTM 57677 b
2667	2667	HB3927 - 76 - LRB103 31057 DTM 57677 b
2668	2668	1 cooperative, federal farm credit banks, or any other entity
2669	2669	2 authorized to issue debt obligations under the Farm Credit Act
2670	2670	3 of 1971 (12 U.S.C. 2001 et seq.) and Acts amendatory thereto;
2671	2671	4 (ii) the federal home loan banks and the federal home loan
2672	2672	5 mortgage corporation; and (iii) any other agency created by
2673	2673	6 Act of Congress.
2674	2674	7 (d) Except for pecuniary interests permitted under
2675	2675	8 subsection (f) of Section 3-14-4 of the Illinois Municipal
2676	2676	9 Code or under Section 3.2 of the Public Officer Prohibited
2677	2677	10 Practices Act, no person acting as treasurer or financial
2678	2678	11 officer or who is employed in any similar capacity by or for a
2679	2679	12 public agency may do any of the following:
2680	2680	13 (1) have any interest, directly or indirectly, in any
2681	2681	14 investments in which the agency is authorized to invest.
2682	2682	15 (2) have any interest, directly or indirectly, in the
2683	2683	16 sellers, sponsors, or managers of those investments.
2684	2684	17 (3) receive, in any manner, compensation of any kind
2685	2685	18 from any investments in which the agency is authorized to
2686	2686	19 invest.
2687	2687	20 (e) Any public agency may also invest any public funds in a
2688	2688	21 Public Treasurers' Investment Pool created under Section 17 of
2689	2689	22 the State Treasurer Act. Any public agency may also invest any
2690	2690	23 public funds in a fund managed, operated, and administered by
2691	2691	24 a bank, subsidiary of a bank, or subsidiary of a bank holding
2692	2692	25 company or use the services of such an entity to hold and
2693	2693	26 invest or advise regarding the investment of any public funds.
2694	2694
2695	2695
2696	2696
2697	2697
2698	2698
2699	2699	HB3927 - 76 - LRB103 31057 DTM 57677 b
2700	2700
2701	2701
2702	2702	HB3927- 77 -LRB103 31057 DTM 57677 b HB3927 - 77 - LRB103 31057 DTM 57677 b
2703	2703	HB3927 - 77 - LRB103 31057 DTM 57677 b
2704	2704	1 (f) To the extent a public agency has custody of funds not
2705	2705	2 owned by it or another public agency and does not otherwise
2706	2706	3 have authority to invest such funds, the public agency may
2707	2707	4 invest such funds as if they were its own. Such funds must be
2708	2708	5 released to the appropriate person at the earliest reasonable
2709	2709	6 time, but in no case exceeding 31 days, after the private
2710	2710	7 person becomes entitled to the receipt of them. All earnings
2711	2711	8 accruing on any investments or deposits made pursuant to the
2712	2712	9 provisions of this Act shall be credited to the public agency
2713	2713	10 by or for which such investments or deposits were made, except
2714	2714	11 as provided otherwise in Section 4.1 of the State Finance Act
2715	2715	12 or the Local Governmental Tax Collection Act, and except where
2716	2716	13 by specific statutory provisions such earnings are directed to
2717	2717	14 be credited to and paid to a particular fund.
2718	2718	15 (g) A public agency may purchase or invest in repurchase
2719	2719	16 agreements of government securities having the meaning set out
2720	2720	17 in the Government Securities Act of 1986, as now or hereafter
2721	2721	18 amended or succeeded, subject to the provisions of said Act
2722	2722	19 and the regulations issued thereunder. The government
2723	2723	20 securities, unless registered or inscribed in the name of the
2724	2724	21 public agency, shall be purchased through banks or trust
2725	2725	22 companies authorized to do business in the State of Illinois.
2726	2726	23 (h) Except for repurchase agreements of government
2727	2727	24 securities which are subject to the Government Securities Act
2728	2728	25 of 1986, as now or hereafter amended or succeeded, no public
2729	2729	26 agency may purchase or invest in instruments which constitute
2730	2730
2731	2731
2732	2732
2733	2733
2734	2734
2735	2735	HB3927 - 77 - LRB103 31057 DTM 57677 b
2736	2736
2737	2737
2738	2738	HB3927- 78 -LRB103 31057 DTM 57677 b HB3927 - 78 - LRB103 31057 DTM 57677 b
2739	2739	HB3927 - 78 - LRB103 31057 DTM 57677 b
2740	2740	1 repurchase agreements, and no financial institution may enter
2741	2741	2 into such an agreement with or on behalf of any public agency
2742	2742	3 unless the instrument and the transaction meet the following
2743	2743	4 requirements:
2744	2744	5 (1) The securities, unless registered or inscribed in
2745	2745	6 the name of the public agency, are purchased through banks
2746	2746	7 or trust companies authorized to do business in the State
2747	2747	8 of Illinois.
2748	2748	9 (2) An authorized public officer after ascertaining
2749	2749	10 which firm will give the most favorable rate of interest,
2750	2750	11 directs the custodial bank to "purchase" specified
2751	2751	12 securities from a designated institution. The "custodial
2752	2752	13 bank" is the bank or trust company, or agency of
2753	2753	14 government, which acts for the public agency in connection
2754	2754	15 with repurchase agreements involving the investment of
2755	2755	16 funds by the public agency. The State Treasurer may act as
2756	2756	17 custodial bank for public agencies executing repurchase
2757	2757	18 agreements. To the extent the Treasurer acts in this
2758	2758	19 capacity, he is hereby authorized to pass through to such
2759	2759	20 public agencies any charges assessed by the Federal
2760	2760	21 Reserve Bank.
2761	2761	22 (3) A custodial bank must be a member bank of the
2762	2762	23 Federal Reserve System or maintain accounts with member
2763	2763	24 banks. All transfers of book-entry securities must be
2764	2764	25 accomplished on a Reserve Bank's computer records through
2765	2765	26 a member bank of the Federal Reserve System. These
2766	2766
2767	2767
2768	2768
2769	2769
2770	2770
2771	2771	HB3927 - 78 - LRB103 31057 DTM 57677 b
2772	2772
2773	2773
2774	2774	HB3927- 79 -LRB103 31057 DTM 57677 b HB3927 - 79 - LRB103 31057 DTM 57677 b
2775	2775	HB3927 - 79 - LRB103 31057 DTM 57677 b
2776	2776	1 securities must be credited to the public agency on the
2777	2777	2 records of the custodial bank and the transaction must be
2778	2778	3 confirmed in writing to the public agency by the custodial
2779	2779	4 bank.
2780	2780	5 (4) Trading partners shall be limited to banks or
2781	2781	6 trust companies authorized to do business in the State of
2782	2782	7 Illinois or to registered primary reporting dealers.
2783	2783	8 (5) The security interest must be perfected.
2784	2784	9 (6) The public agency enters into a written master
2785	2785	10 repurchase agreement which outlines the basic
2786	2786	11 responsibilities and liabilities of both buyer and seller.
2787	2787	12 (7) Agreements shall be for periods of 330 days or
2788	2788	13 less.
2789	2789	14 (8) The authorized public officer of the public agency
2790	2790	15 informs the custodial bank in writing of the maturity
2791	2791	16 details of the repurchase agreement.
2792	2792	17 (9) The custodial bank must take delivery of and
2793	2793	18 maintain the securities in its custody for the account of
2794	2794	19 the public agency and confirm the transaction in writing
2795	2795	20 to the public agency. The Custodial Undertaking shall
2796	2796	21 provide that the custodian takes possession of the
2797	2797	22 securities exclusively for the public agency; that the
2798	2798	23 securities are free of any claims against the trading
2799	2799	24 partner; and any claims by the custodian are subordinate
2800	2800	25 to the public agency's claims to rights to those
2801	2801	26 securities.
2802	2802
2803	2803
2804	2804
2805	2805
2806	2806
2807	2807	HB3927 - 79 - LRB103 31057 DTM 57677 b
2808	2808
2809	2809
2810	2810	HB3927- 80 -LRB103 31057 DTM 57677 b HB3927 - 80 - LRB103 31057 DTM 57677 b
2811	2811	HB3927 - 80 - LRB103 31057 DTM 57677 b
2812	2812	1 (10) The obligations purchased by a public agency may
2813	2813	2 only be sold or presented for redemption or payment by the
2814	2814	3 fiscal agent bank or trust company holding the obligations
2815	2815	4 upon the written instruction of the public agency or
2816	2816	5 officer authorized to make such investments.
2817	2817	6 (11) The custodial bank shall be liable to the public
2818	2818	7 agency for any monetary loss suffered by the public agency
2819	2819	8 due to the failure of the custodial bank to take and
2820	2820	9 maintain possession of such securities.
2821	2821	10 (i) Notwithstanding the foregoing restrictions on
2822	2822	11 investment in instruments constituting repurchase agreements
2823	2823	12 the Illinois Housing Development Authority may invest in, and
2824	2824	13 any financial institution with capital of at least
2825	2825	14 $250,000,000 may act as custodian for, instruments that
2826	2826	15 constitute repurchase agreements, provided that the Illinois
2827	2827	16 Housing Development Authority, in making each such investment,
2828	2828	17 complies with the safety and soundness guidelines for engaging
2829	2829	18 in repurchase transactions applicable to federally insured
2830	2830	19 banks, savings banks, savings and loan associations or other
2831	2831	20 depository institutions as set forth in the Federal Financial
2832	2832	21 Institutions Examination Council Policy Statement Regarding
2833	2833	22 Repurchase Agreements and any regulations issued, or which may
2834	2834	23 be issued by the supervisory federal authority pertaining
2835	2835	24 thereto and any amendments thereto; provided further that the
2836	2836	25 securities shall be either (i) direct general obligations of,
2837	2837	26 or obligations the payment of the principal of and/or interest
2838	2838
2839	2839
2840	2840
2841	2841
2842	2842
2843	2843	HB3927 - 80 - LRB103 31057 DTM 57677 b
2844	2844
2845	2845
2846	2846	HB3927- 81 -LRB103 31057 DTM 57677 b HB3927 - 81 - LRB103 31057 DTM 57677 b
2847	2847	HB3927 - 81 - LRB103 31057 DTM 57677 b
2848	2848	1 on which are unconditionally guaranteed by, the United States
2849	2849	2 of America or (ii) any obligations of any agency, corporation
2850	2850	3 or subsidiary thereof controlled or supervised by and acting
2851	2851	4 as an instrumentality of the United States Government pursuant
2852	2852	5 to authority granted by the Congress of the United States and
2853	2853	6 provided further that the security interest must be perfected
2854	2854	7 by either the Illinois Housing Development Authority, its
2855	2855	8 custodian or its agent receiving possession of the securities
2856	2856	9 either physically or transferred through a nationally
2857	2857	10 recognized book entry system.
2858	2858	11 (j) In addition to all other investments authorized under
2859	2859	12 this Section, a community college district may invest public
2860	2860	13 funds in any mutual funds that invest primarily in corporate
2861	2861	14 investment grade or global government short term bonds.
2862	2862	15 Purchases of mutual funds that invest primarily in global
2863	2863	16 government short term bonds shall be limited to funds with
2864	2864	17 assets of at least $100 million and that are rated at the time
2865	2865	18 of purchase as one of the 10 highest classifications
2866	2866	19 established by a recognized rating service. The investments
2867	2867	20 shall be subject to approval by the local community college
2868	2868	21 board of trustees. Each community college board of trustees
2869	2869	22 shall develop a policy regarding the percentage of the
2870	2870	23 college's investment portfolio that can be invested in such
2871	2871	24 funds.
2872	2872	25 (k) In addition to all other investments authorized under
2873	2873	26 this Section, a public agency may invest in a financial
2874	2874
2875	2875
2876	2876
2877	2877
2878	2878
2879	2879	HB3927 - 81 - LRB103 31057 DTM 57677 b
2880	2880
2881	2881
2882	2882	HB3927- 82 -LRB103 31057 DTM 57677 b HB3927 - 82 - LRB103 31057 DTM 57677 b
2883	2883	HB3927 - 82 - LRB103 31057 DTM 57677 b
2884	2884	1 arrangement that finances a qualifying project authorized
2885	2885	2 under Article 8 of the Public-Private Partnership Act.
2886	2886	3 Nothing in this Section shall be construed to authorize an
2887	2887	4 intergovernmental risk management entity to accept the deposit
2888	2888	5 of public funds except for risk management purposes.
2889	2889	6 (Source: P.A. 102-285, eff. 8-6-21.)
2890	2890
2891	2891
2892	2892
2893	2893
2894	2894
2895	2895	HB3927 - 82 - LRB103 31057 DTM 57677 b