reglab/housing_qa huggingface dataset:
65 ILCS 5/11-119-2
2021 Illinois Compiled Statutes|Chapter 65 - MUNICIPALITIES|65 ILCS 5/ - Illinois Municipal Code.|Article 11 - Corporate Powers and Functions

 (from Ch. 24, par. 11-119-2)Sec. 11-119-2.         The corporate authorities of any city or village availing  itself of the provisions of this Division 119 shall adopt an ordinance  describing in a general way the improvements or extensions to be made. It  shall not be necessary that the ordinance refer to plans and specifications  nor that there be on file for public inspection prior to the adoption of  such ordinance detailed plans and specifications of the project. The  ordinance shall set out the estimated cost of the improvements or  extensions and shall fix the amount of bonds proposed to be issued, the  maturity, interest rate, and all details in respect thereof. Such  ordinance, at the option of the municipality, may contain provisions which  shall be part of the contract with the holders of the bonds as to: (1) The  registration of the bonds as to principal only, or as to both principal and  interest, and the interchangeability and exchangeability of the bonds. (2)  The redemption of the bonds prior to maturity and the price, either at par  or at a premium, at which they are redeemable. (3) The setting aside of  reserves or sinking funds, and the regulation or disposition thereof. (4)  Limitations upon the issuance of additional bonds payable from the revenues  of the system, or upon the rights of the holders of these additional bonds.  (5) Other agreements with the holders of the bonds, or covenants or  restrictions necessary or desirable to safeguard the interests of these  holders. After the ordinance has been adopted and approved it shall be  published once in a newspaper published and having a general circulation in  the municipality, or if there is no such newspaper, copies of the ordinance  shall be posted in at least 4 public places within the municipality. The  ordinance shall be in effect after the expiration of 10 days from the date  of this publication.Bonds issued under this Division 119 shall be payable solely from the  revenue derived from the electric light plant and system, or the gas plant  and system, as the case may be, and these bonds shall not in any event  constitute an indebtedness of the municipality within the meaning of any  constitutional or statutory limitation; provided, that bonds issued under  this Division 119 may also be payable from funds pledged by the  municipality issuing such bonds pursuant to the Illinois Finance Authority Act,  and, notwithstanding such  pledge of such  funds, shall not in any event constitute an indebtedness of the  municipality within the meaning of any constitutional or statutory limitation.  It shall be plainly stated on the  face of each bond that it has been issued under the provisions of this  Division 119 and that it does not constitute an indebtedness of the  municipality within any constitutional or statutory limitation.    (Source: P.A. 93-205, eff. 1-1-04.)
65 ILCS 5/11-119-3
2021 Illinois Compiled Statutes|Chapter 65 - MUNICIPALITIES|65 ILCS 5/ - Illinois Municipal Code.|Article 11 - Corporate Powers and Functions

 (from Ch. 24, par. 11-119-3)Sec. 11-119-3.         Whenever bonds are issued under this Division 119,  sufficient revenue received thereafter from the operation of the electric  light plant and system, or the gas plant and system, as the case may be, to  pay the cost of maintenance and operation of the plant and system, and the  principal of and interest on all obligations payable from the revenues of  such plant and system, including the bonds issued hereunder, without  limiting the generality of the foregoing, shall be deposited in a separate  fund, designated as the electric light fund of ...., or the gas fund of  ...., as the case may be. This fund shall be used only in paying (1) the  cost of maintenance and operation of the plant and system, (2) principal of  and interest upon obligations, in whatever form, of the municipality  theretofore issued that are payable by their terms from this revenue, and  (3) bonds issued under this Division 119.Rates charged for electric current or gas shall be sufficient to pay the  cost of maintenance and operation and to pay the principal of and interest  upon all of the specified bonds and obligations.    (Source: Laws 1961, p. 576.)
65 ILCS 5/11-119-4
2021 Illinois Compiled Statutes|Chapter 65 - MUNICIPALITIES|65 ILCS 5/ - Illinois Municipal Code.|Article 11 - Corporate Powers and Functions

 (from Ch. 24, par. 11-119-4)Sec. 11-119-4.         Revenue bonds issued hereunder at the option of the  municipality, may be made callable prior to their maturity at a price of  par and accrued interest, or at a stated premium, provided that in the  event such bonds, or any of them, are so made callable, it shall be so  stated on the face of each such bond.Revenue bonds issued under the provisions of this Division 119 may be  refunded in accordance with the provisions of Sections 8-4-14 through  8-4-23.    (Source: Laws 1961, p. 576.)
65 ILCS 5/11-119-5
2021 Illinois Compiled Statutes|Chapter 65 - MUNICIPALITIES|65 ILCS 5/ - Illinois Municipal Code.|Article 11 - Corporate Powers and Functions

 (from Ch. 24, par. 11-119-5)Sec. 11-119-5.         In case any officer whose signature appears on the specified  bonds or the coupons attached thereto ceases to hold his office before the  delivery of the bonds to the purchaser, his signature nevertheless shall be  valid and sufficient for all purposes, to the same effect as if he had  remained in office until the delivery of the bonds. The specified bonds  shall have all the qualities of negotiable paper under the law merchant and  Article 3 of the Uniform Commercial Code.    (Source: P.A. 76-828.)
65 ILCS 5/Art. 11 Div. 119.1 heading
2021 Illinois Compiled Statutes|Chapter 65 - MUNICIPALITIES|65 ILCS 5/ - Illinois Municipal Code.|Article 11 - Corporate Powers and Functions

 DIVISION 119.1.      JOINT MUNICIPAL ELECTRIC POWER AGENCIES
65 ILCS 5/11-119.1-1
2021 Illinois Compiled Statutes|Chapter 65 - MUNICIPALITIES|65 ILCS 5/ - Illinois Municipal Code.|Article 11 - Corporate Powers and Functions

 (from Ch. 24, par. 11-119.1-1)Sec. 11-119.1-1.         This Division shall be known and may be cited as the  Illinois Joint Municipal Electric Power Act.    (Source: P.A. 83-997.)
65 ILCS 5/11-119.1-2
2021 Illinois Compiled Statutes|Chapter 65 - MUNICIPALITIES|65 ILCS 5/ - Illinois Municipal Code.|Article 11 - Corporate Powers and Functions

 (from Ch. 24, par. 11-119.1-2)Sec. 11-119.1-2.     The General Assembly finds:(a) that adequate, economical and reliable sources of electrical energy  are essential to the orderly growth and prosperity of municipalities in  the State of Illinois and that a shortage of such sources would endanger  the safety, health and welfare of the residents of the State of Illinois  and the growth and development of its municipalities;(b) that municipal utility systems operating in the State of Illinois  for the purpose of supplying electrical energy have sustained greatly increased  capital and operating costs, causing the postponement of construction of  facilities and thereby adversely affecting the availability of adequate,  economical and reliable sources of electrical energy;(c) that it is desirable for the State of Illinois to authorize municipal  utility systems to jointly plan, finance, own and operate facilities relating  to electrical energy and the acquisition of fuel for the generation of electrical  energy through the creation of joint agencies in order to achieve economies  and efficiencies not possible for municipalities acting alone;(d) that the joint planning, financing, ownership and operation of facilities  relating to electrical energy and the acquisition of fuel for the generation  of electrical energy and the issuance of revenue bonds as provided herein  is for a public use and serves a valid public purpose and is a means of  achieving economy, adequacy and reliability in the supply of electrical energy  and meeting the future needs of the State of Illinois and its residents; and(e) that the intent and policy of the General Assembly when enacting this  Division is to enable municipal utility systems to jointly plan, finance,  own and operate facilities for the generation and transmission of electrical  power and energy and related facilities or other facilities necessary or  convenient for the planning and operation of a system for the production  and transmission of electrical power and energy.    (Source: P.A. 83-997.)
65 ILCS 5/11-119.1-3
2021 Illinois Compiled Statutes|Chapter 65 - MUNICIPALITIES|65 ILCS 5/ - Illinois Municipal Code.|Article 11 - Corporate Powers and Functions

 (from Ch. 24, par. 11-119.1-3)Sec. 11-119.1-3.   The following terms whenever used or referred to in  this Division, shall have the following meanings unless the context requires otherwise:(1) "Agency agreement" means the written agreement     between 2 or more municipalities establishing a municipal power agency.(2) "Bonds" means revenue bonds, notes and other     evidences of obligations of a municipal power agency issued under the provisions of this Division.(3) "Eligible utility" means a public agency or other     entity of any type, including an electric cooperative as defined in Section 3.4 of the Electric Supplier Act, which (i) owns, operates or controls any plant or equipment for the generation, transmission or distribution of electric power and energy in connection with the furnishing thereof for sale or resale or (ii) is an independent system operator within the electrical power system, a regional transmission organization within the electrical power system, or an entity that participates as a buyer or seller in an organized independent system operator market or regional transmission organization market.(4) "Governing body" means, with respect to a     municipality, the council, city council, board of trustees, or other corporate authority of the municipality which exercises the general governmental powers of such municipality.(5) "Municipal power agency" means a body politic and     corporate, municipal corporation and unit of local government of the State of Illinois organized in accordance with the provisions of this Division.(6) "Municipality" means a city, village or     incorporated town in the State of Illinois owning or operating an electric utility which furnishes retail electric service to the public.(7) "Project" means any plant, works, system,     facility, and real and personal property of any nature whatsoever, together with all parts thereof and appurtenances thereto, used or useful in the generation, production, distribution, transmission, purchase, sale, exchange or interchange of electrical energy and in the acquisition, extraction, conversion, transportation, storage or reprocessing of fuel of any kind for any such purposes, or any interest in, or right to the use, services, output or capacity, of any such plant, works, system or facilities.(8) "Public agency" means any municipality, political     subdivision, municipal corporation, unit of local government, governmental unit, or public corporation operated by or pursuant to the laws of the State of Illinois, of another state or of the United States, and any state, the United States, and any commission, board, bureau or other body declared by the laws of any state or the United States to be a department, agency, or instrumentality thereof. (Source: P.A. 100-177, eff. 1-1-18.)
65 ILCS 5/11-119.1-7
2021 Illinois Compiled Statutes|Chapter 65 - MUNICIPALITIES|65 ILCS 5/ - Illinois Municipal Code.|Article 11 - Corporate Powers and Functions

 (from Ch. 24, par. 11-119.1-7)Sec. 11-119.1-7. Except as otherwise provided by this Division, a municipal  power agency may acquire all real or personal property that it deems necessary  for carrying out the purposes of this Division, whether in fee simple absolute  or a lesser interest, by condemnation and the exercise of the power of eminent  domain in the manner provided in the Eminent Domain Act.  A municipal power agency shall have no power of eminent domain with respect  to any real or personal property owned or leased by any eligible utility  as part of a system, whether existing, under construction or being planned,  of facilities for the generation,  transmission, production or distribution of electrical power.The authority of a municipal power agency to acquire real or personal property  by condemnation or the exercise of the power of eminent domain shall be  a continuing power, and no exercise thereof shall exhaust it.       (Source: P.A. 94-1055, eff. 1-1-07.)
65 ILCS 5/11-119.1-8
2021 Illinois Compiled Statutes|Chapter 65 - MUNICIPALITIES|65 ILCS 5/ - Illinois Municipal Code.|Article 11 - Corporate Powers and Functions

 (from Ch. 24, par. 11-119.1-8)Sec. 11-119.1-8.     Other Charges.     A municipal power agency may establish,  levy, and collect or may authorize, by contract, franchise, lease, or otherwise,  the establishment, levying and collection of rents, rates and other charges  for the products and services afforded by the municipal power agency or  by or in connection with any project or properties which it may construct,  acquire, own, operate, or control or with respect to which it may have any  interest or any right to the products and services thereof as it may deem  necessary, proper, desirable or reasonable.   Rents, rates, and other charges  shall be at least sufficient to meet the operation, maintenance and other  expenses thereof, including reasonable reserves, interest, and principal  payments, including payments into one or more sinking funds for the retirement  of principal.  A municipal power agency may pledge its rates, rents, and  other revenue, or any part thereof, as security for the repayment, with  interest and premium, if any, of any moneys borrowed by it or advanced  to it for any of its authorized purposes and as security for the payment  of amounts due and owing by it under any contract.    (Source: P.A. 83-997.)
65 ILCS 5/11-119.1-9
2021 Illinois Compiled Statutes|Chapter 65 - MUNICIPALITIES|65 ILCS 5/ - Illinois Municipal Code.|Article 11 - Corporate Powers and Functions

 (from Ch. 24, par. 11-119.1-9)Sec. 11-119.1-9.     A.     In order to accomplish the purposes of this Division,  a municipality may enter into and carry out contracts and agreements for  the purchase from a municipal power agency of power and energy, transmission  services, power supply development services and other services.(1) Each such contract and agreement shall be for a period not to exceed  50 years and shall contain such other terms, conditions and provisions,  not inconsistent with the provisions of this Division, as the governing  body of such municipality shall approve, including, without limitation,  provisions whereby the municipality is obligated to pay for the products  and services of a municipal power agency without set-off or counterclaim  and irrespective of whether such products or services are furnished, made  available or delivered to the municipality or whether any project contemplated  by any such contract and agreement is completed, operable or operating,  and notwithstanding suspension, interruption, interference, reduction or  curtailment of the products and services of such project.(2) Each such contract and agreement may be pledged by such municipal  power agency to secure its obligations and may provide that if one or more  municipalities defaults in the payment of its obligations under such contract  and agreement, the remaining municipalities having such contracts and agreements  shall be required to pay for and shall be entitled proportionately to use  or otherwise dispose of the products and services which were to be purchased  by the defaulting municipality.(3) Each such contract and agreement shall be a limited obligation of  a municipality payable from and secured by a pledge of, and lien and charge  upon, all or any part of the revenues derived or to be derived from the  ownership and operation of its electric utility system as an expense of  operation and maintenance thereof, and shall not constitute an indebtedness  of such municipality for the purpose of any statutory limitation.(4) Nothing in this Division shall be construed to preclude a municipality  from appropriating and using taxes and other revenues received in any year  to make payments due or to comply with covenants to be performed during  that year under any contract or agreement for a term of years entered into  as contemplated in this Division, subject to the provisions of laws regarding  local financing.B. Any such contract or agreement may include provisions for requirements  purchases, restraints on resale or other dealings, exclusive dealing, pricing,  territorial division, and other conduct or arrangements which may have an  anti-competitive effect.    (Source: P.A. 83-997.)
65 ILCS 5/11-119.1-10
2021 Illinois Compiled Statutes|Chapter 65 - MUNICIPALITIES|65 ILCS 5/ - Illinois Municipal Code.|Article 11 - Corporate Powers and Functions

 (from Ch. 24, par. 11-119.1-10)Sec. 11-119.1-10.     Exercise of powers.     A municipal power agency may  exercise any and all of  the powers enumerated in this Division, except the power of eminent domain,  without the consent and approval of the Illinois Commerce Commission.  The  exercise of the power of eminent domain by a municipal power agency shall be  subject to the consent and approval of the Illinois Commerce Commission in the  same manner and to  the same extent as public utilities under the Public Utilities  Act, including the issuance  of a certificate of public convenience and necessity as provided for in Section  8-406 of that Act.  During  the consideration of any petition for authority to exercise the power of  eminent domain the Illinois Commerce Commission shall evaluate and give due  consideration to the impact of the acquisition on farmlands in the State with  the  goal of preserving the land to the fullest extent reasonably possible.    (Source: P.A. 90-416, eff. 1-1-98.)
65 ILCS 5/11-119.1-11
2021 Illinois Compiled Statutes|Chapter 65 - MUNICIPALITIES|65 ILCS 5/ - Illinois Municipal Code.|Article 11 - Corporate Powers and Functions

 (from Ch. 24, par. 11-119.1-11)Sec. 11-119.1-11.         Notwithstanding any other law to the contrary, the  State of Illinois and all its public officers, governmental units, agencies and  instrumentalities, all banks, trust companies, savings banks and institutions,  building and loan associations, savings and loan associations, investment  companies, and others carrying on a banking business, all insurance  companies, insurance associations and others carrying on any insurance  business, and all executors, administrators, guardians, trustees and other  fiduciaries may legally invest any sinking funds, money, or other funds  belonging to them or within their control in any bonds issued pursuant to  this Division and the bonds shall be authorized security for any and all  public deposits.    (Source: P.A. 83-997.)
65 ILCS 5/11-119.1-12
2021 Illinois Compiled Statutes|Chapter 65 - MUNICIPALITIES|65 ILCS 5/ - Illinois Municipal Code.|Article 11 - Corporate Powers and Functions

 (from Ch. 24, par. 11-119.1-12)Sec. 11-119.1-12.     A.     This Division shall be construed liberally to  effectuate its legislative intent and purpose, as complete and independent  authority for the performance of each and every act and thing authorized by  this Division, and all authority granted shall be broadly interpreted to  effectuate this intent and purpose and not as a limitation of powers.  This  Division is expressly not a limit on any of the powers granted any unit of  local government of this State by constitution, statute, charter or otherwise,  other than when the unit of local government is acting expressly pursuant to  this Division.B. In the event of any conflict or inconsistency between this Division  and any other law or charter provision, the provisions of this Division shall  prevail.C. Any provision of this Division which may be determined by competent  authority to be prohibited or unenforceable in any jurisdiction shall, as  to such jurisdiction, be ineffective to the extent of such prohibition or  unenforceability without invalidating the remaining provisions hereof, and  any such prohibition or unenforceability in any jurisdiction shall not  invalidate  or render unenforceable such provision in any other jurisdiction.    (Source: P.A. 90-655, eff. 7-30-98.)
65 ILCS 5/Art. 11 Div. 119.2 heading
2021 Illinois Compiled Statutes|Chapter 65 - MUNICIPALITIES|65 ILCS 5/ - Illinois Municipal Code.|Article 11 - Corporate Powers and Functions

 DIVISION 119.2.      JOINT MUNICIPAL NATURAL GAS AGENCIES
65 ILCS 5/11-119.2-1
2021 Illinois Compiled Statutes|Chapter 65 - MUNICIPALITIES|65 ILCS 5/ - Illinois Municipal Code.|Article 11 - Corporate Powers and Functions

 (from Ch. 24, par. 11-119.2-1)Sec. 11-119.2-1.         This Division shall be known and may be cited as the  Illinois Joint Municipal Natural Gas Act.    (Source: P.A. 84-1221.)
65 ILCS 5/11-119.2-2
2021 Illinois Compiled Statutes|Chapter 65 - MUNICIPALITIES|65 ILCS 5/ - Illinois Municipal Code.|Article 11 - Corporate Powers and Functions

 (from Ch. 24, par. 11-119.2-2)Sec. 11-119.2-2.     The General Assembly finds:(a) that adequate, economical and reliable sources of natural gas  are essential to the orderly growth and prosperity of municipalities in  the State of Illinois and that a shortage of such sources would endanger  the safety, health and welfare of the residents of the State of Illinois  and the growth and development of its municipalities;(b) that municipal utility systems operating in the State of Illinois  for the purpose of supplying natural gas have sustained greatly increased  capital and operating costs,  thereby adversely affecting the availability of adequate,  economical and reliable sources of natural gas;(c) that it is desirable for the State of Illinois to authorize municipal  utility systems to jointly plan, finance, own and operate facilities relating  to natural gas, plants and systems  through the creation of joint agencies in order to achieve economies  and efficiencies not possible for municipalities acting alone;(d) that the joint planning, financing, ownership and operation of facilities  relating to natural gas, plants and systems  and the issuance of revenue bonds as provided herein  is for a public use and serves a valid public purpose and is a means of  achieving economy, adequacy and reliability in the supply of natural gas  and meeting the future needs of the State of Illinois and its residents; and(e) that the intent and policy of the General Assembly when enacting this  Division is to enable municipal utility systems to jointly plan, finance,  own and operate facilities for the exploration, production, acquisition,  storage, transmission or distribution of natural gas  and related facilities or other facilities necessary or  convenient for the planning and operation of a system for production,  acquisition, storage, transmission or distribution of natural gas.    (Source: P.A. 84-1221.)