Chapter 30 — FINANCE

(30 ILCS 425/8.3) Sec. 8.3. Compliance with the Business Enterprise for Minorities, Women, and Persons with Disabilities Act. Notwithstanding any other provision of law, the Governor's Office of Management and Budget shall comply with the Business Enterprise for Minorities, Women…

(30 ILCS 425/8.5) Sec. 8.5. Truth in borrowing disclosures. (a) Within 20 business days after the issuance of any Bonds under this Act, the Director of the Governor's Office of Management and Budget shall publish a truth in borrowing disclosure that discloses the total principal …

(30 ILCS 425/9) (from Ch. 127, par. 2809) Sec. 9. Allocation of Proceeds from Sale of Bonds. Proceeds from the sale of Bonds (other than refunding Bonds) shall be deposited in the separate fund in the State Treasury known as the Build Illinois Bond Fund and shall be expended only…

(30 ILCS 430/1) (from Ch. 127, par. 3751) Sec. 1. This Act may be cited as the Retirement Savings Act. (Source: P.A. 86-892.)

(30 ILCS 430/2) (from Ch. 127, par. 3752) Sec. 2. (a) The General Assembly hereby finds and declares that: (1) the citizens of Illinois have a right to retirement incomes that allow them to live in comfort, dignity, and security; (2) the usefulness of the Individual Retirement Ac…

(30 ILCS 430/3) (from Ch. 127, par. 3753) Sec. 3. For the purposes of this Act, the term "retirement savings bonds" means general obligation bonds of the State issued under the General Obligation Bond Act, as now or hereafter amended, in accordance with this Act and designated as…

(30 ILCS 430/4) (from Ch. 127, par. 3754) Sec. 4. In order to provide investors with investment alternatives suitable for retirement purposes, and in furtherance of the public policy of this Act, bonds authorized by the provisions of the General Obligation Bond Act, as now or her…

(30 ILCS 430/5) (from Ch. 127, par. 3755) Sec. 5. Security of Retirement Savings Bonds. Any Retirement Savings Bonds issued under the General Obligation Bond Act, as now or hereafter amended, in accordance with this Act shall be direct, general obligations of the State of Illinoi…

(30 ILCS 430/6) (from Ch. 127, par. 3756) Sec. 6. Compel payment; remedies of bondholders. If the State fails to pay the principal of or interest on any Retirement Savings Bonds or premium, if any, as the same become due, or shall fail to make any required monthly transfer of fun…

(30 ILCS 430/7) (from Ch. 127, par. 3757) Sec. 7. In order to carry out the purposes of this Act, the Governor and Director of the Governor's Office of Management and Budget may include within the proceedings authorizing the issuance of such Bonds, provisions or features deemed c…

(30 ILCS 435/1) Sec. 1. Short title. This Act may be cited as the Human Services Provider Bond Reserve Payment Act. (Source: P.A. 88-117.)

(30 ILCS 435/10) Sec. 10. Definitions. For the purposes of this Act: (a) "Service provider" means any nongovernmental entity, either for-profit or not-for-profit, that enters into a contract with a State agency under which the entity is paid or reimbursed by the State for providi…

(30 ILCS 435/15) Sec. 15. Provider contracts. A State agency may include a provision authorizing payment to a bond trustee in accordance with Section 20 in any new or renewed contract with a service provider under which the provider is paid or reimbursed by the State for providin…

(30 ILCS 435/20) Sec. 20. Payment to bond trustee. (a) If authorized in the contract between a State agency and a service provider, whenever the service provider is required to replenish the reserve fund established under a covered bond issue, the trustee of the reserve fund shal…

(30 ILCS 435/25) Sec. 25. Report. By November 1 of each year, every State agency shall report to the Governor's Office of Management and Budget and the Auditor General any direct payment to a bond paying agent made by the agency under this Act during the previous fiscal year. (So…

(30 ILCS 435/5) Sec. 5. Purpose. It is the purpose of this Act to enable human service providers to obtain long-term funding on more favorable terms by providing a mechanism whereby payments may be paid by the State directly to a trustee to replenish a reserve fund. (Source: P.A.…

(30 ILCS 435/99) Sec. 99. This Act takes effect upon becoming law. (Source: P.A. 88-117.)

(30 ILCS 440/1) Sec. 1. Short title. This Act may be cited as the Illinois Unemployment Insurance Trust Fund Financing Act. (Source: P.A. 93-634, eff. 1-1-04.)

(30 ILCS 440/10) Sec. 10. No Personal Liability. No director, officer or employee of the Department or the State shall be personally liable as a result of exercising the rights and responsibilities granted under this Act. (Source: P.A. 93-634, eff. 1-1-04.)

(30 ILCS 440/11) Sec. 11. Omnibus Bonds Acts. With respect to instruments for the payment of money issued under this Act, it is and always has been the intention of the General Assembly (i) that the Omnibus Bond Acts are and always have been supplementary grants of power to issue…

(30 ILCS 440/12) Sec. 12. Mandatory Provisions. The provisions of this Act are mandatory and not directory. (Source: P.A. 93-634, eff. 1-1-04.)

(30 ILCS 440/13) Sec. 13. Severability and inseverability. If any provision of this Act or its application to any person or circumstance is held invalid, the invalidity of that provision or application does not affect other provisions or applications of the Act that can be given …

(30 ILCS 440/13.1) Sec. 13.1. (Amendatory provisions; text omitted). (Source: P.A. 93-634, eff. 1-1-04.)

(30 ILCS 440/13.2) Sec. 13.2. (Amendatory provisions; text omitted). (Source: P.A. 93-634, eff. 1-1-04.)

(30 ILCS 440/13.3) Sec. 13.3. (Amendatory provisions; text omitted). (Source: P.A. 93-634, eff. 1-1-04.)

(30 ILCS 440/13.4) Sec. 13.4. The Unemployment Insurance Act is amended by repealing Sections 1506.4 and 2104. (Source: P.A. 93-634, eff. 1-1-04.)

(30 ILCS 440/14) Sec. 14. Effective Date. This Act takes effect on January 1, 2004. (Source: P.A. 93-634, eff. 1-1-04.)

(30 ILCS 440/2) Sec. 2. Findings and Declaration of Policy. It is hereby found and declared that: A. It is an essential governmental function to maintain funds in an amount sufficient to pay unemployment benefits when due; B. At the time of the enactment of this Act, unemployment…

(30 ILCS 440/3) Sec. 3. Definitions. For purposes of this Act: A. "Act" shall mean the Illinois Unemployment Insurance Trust Fund Financing Act. B. "Benefits" shall have the meaning provided in the Unemployment Insurance Act. C. "Bond" means any type of revenue obligation, includ…

(30 ILCS 440/4) Sec. 4. Authority to Issue Revenue Bonds. A. The Department shall have the continuing power to borrow money for the purpose of carrying out the following: 1. To reduce or avoid the need to borrow or obtain a federal advance under Section 1201, et seq., of the Soci…

(30 ILCS 440/5) Sec. 5. Bond Proceeds. A. The proceeds of any Bonds issued pursuant to this Act, including investment income thereon, shall be held in trust in the Master Bond Fund for the following purpose and in such amounts as determined by the Director: 1. Paying the principa…

(30 ILCS 440/6) Sec. 6. Bonds Not A Pledge of the State. A. Any Bonds issued under this Act, and any related Credit Agreement, are not a pledge of the faith and credit or moral obligation of the State or any State agency or political subdivision of the State. All Bonds, Bond Obli…

(30 ILCS 440/7) Sec. 7. State Not to Impair Bond Obligations. While Bonds under this Act are outstanding, the State irrevocably pledges and covenants that it shall not: A. Take action to limit or restrict the rights of the Department to fulfill its responsibilities to pay Bond Ob…

(30 ILCS 440/8) Sec. 8. Continuing appropriation. This Act shall constitute an irrevocable and continuing appropriation of all amounts necessary in respect to use of Fund Building Receipts and Bond Proceeds for purposes specified in this Act, including, without limitation, for th…

(30 ILCS 440/9) Sec. 9. Director's Supplemental Authority. The Director, on behalf of the Department, is authorized to enter into the covenants and agreements required by this Act, make any determinations, calculations, rules or other promulgations required by this Act and engage…

(30 ILCS 445/1) Sec. 1. Short title. This Act may be cited as the Climate Bank Loan Financing Act. (Source: P.A. 103-1023, eff. 8-9-24.)

(30 ILCS 445/10) Sec. 10. Clean energy infrastructure projects. A governmental unit may own, construct, equip, manage, control, erect, improve, extend, maintain, and operate new or existing clean energy infrastructure projects and climate resilience projects, may purchase real es…

(30 ILCS 445/15) Sec. 15. Authorization to borrow from Illinois Finance Authority Illinois Climate Bank loan programs. A governmental unit may borrow money and access loans from the Illinois Finance Authority to finance projects for the acquisition, construction, or improvement o…

(30 ILCS 445/20) Sec. 20. Bond authorization. A governmental unit may issue from time to time general obligation bonds, including alternate bonds and limited bonds, and revenue bonds pursuant to applicable law for the purpose of evidencing its obligation to repay its loans from t…

(30 ILCS 445/25) Sec. 25. Bond terms. Bonds issued under Section 20 shall bear interest at a rate or rates not to exceed the maximum rate permitted by the Bond Authorization Act at the time of the making of the loan from the Illinois Finance Authority. The bonds shall mature with…

(30 ILCS 445/30) Sec. 30. Adoption of ordinance or resolution. In order to authorize participation in a loan from the Illinois Finance Authority and to authorize and issue the bonds, the governing body shall adopt an ordinance, or resolution when appropriate, providing for the de…

(30 ILCS 445/35) Sec. 35. Authority for issuance. The authority to issue bonds by a governmental unit under this Act and applicable law for clean energy infrastructure projects and climate resilience projects is in addition to any other authority to issue bonds by a governmental …

(30 ILCS 445/40) Sec. 40. Execution. The bonds shall be executed in the name of the governmental unit by manual or facsimile signatures of the officials of the governmental unit as may be designated by the ordinance or resolution. (Source: P.A. 103-1023, eff. 8-9-24.)

(30 ILCS 445/5) Sec. 5. Definitions. As used in this Act: "Alternate bonds", "applicable law", "bond", "general obligation bonds", "limited bonds", "governmental unit", "revenue bonds", "enterprise revenues", and "revenue source" have the respective meanings set forth in Section …

(30 ILCS 445/97) Sec. 97. Severability. The provisions of this Act are severable under Section 1.31 of the Statute on Statutes. (Source: P.A. 103-1023, eff. 8-9-24.)

(30 ILCS 445/99) Sec. 99. Effective date. This Act takes effect upon becoming law. (Source: P.A. 103-1023, eff. 8-9-24.)

(30 ILCS 500/1-1) Sec. 1-1. Short title. This Act may be cited as the Illinois Procurement Code. (Source: P.A. 90-572, eff. date - See Sec. 99-5.)

(30 ILCS 500/1-10) (Text of Section from P.A. 104-2) Sec. 1-10. Application. (a) This Code applies only to procurements for which bidders, offerors, potential contractors, or contractors were first solicited on or after July 1, 1998. This Code shall not be construed to affect or …

(30 ILCS 500/1-10.5) Sec. 1-10.5. Alternative Technical Concepts. (a) For the purposes of this Section, "Alternative Technical Concepts" and "design-bid-build project delivery method" have the meanings ascribed to those terms in the Innovations for Transportation Infrastructure A…

(30 ILCS 500/1-11) Sec. 1-11. Applicability of certain Public Acts. The changes made to this Code by Public Act 96-793, Public Act 96-795, and this amendatory Act of the 96th General Assembly apply to those procurements for which bidders, offerors, vendors, potential contractors,…