Illinois HB5407 amends the Illinois Finance Authority Act to set financing limits for clean coal, coal, energy efficiency, PACE, and renewable energy.
Illinois HB5407 amends the Illinois Finance Authority Act to establish financing limits for clean coal, coal, energy efficiency, PACE, and renewable energy projects. The bill sets a cap of $3 billion on the aggregate principal amount of bonds issued for these projects, with specific limits for each type of project. It also prohibits members, officers, or employees of the Illinois Finance Authority from having a financial interest in contracts or agreements they may vote on, requiring them to abstain from voting and disclose any such interests.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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