Illinois § 5

§ 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 3 of the Local Government Debt Reform Act. "Clean energy infrastructure project" means: (i) a project that uses renewable energy resources, as defined in Section 1-10 of the Illinois Power Agency Act; (ii) an energy efficiency project; (iii) a project that uses technology for the storage of renewable energy, including, without limitation, the use of battery or electrochemical storage technology for mobile or stationary applications; (iv) a project for the acquisition or repairs of electric vehicles; (v) a project for the acquisition, construction, or repairs to electric vehicle charging stations; and (vi) a building electrification project of replacing fossil fuels with electricity to meet a given end use. "Climate resilience project" means a project to reduce hazards or risks to people and property from future disasters or climate-related conditions. "Climate resilience project" includes, but is not limited to, projects that ensure access to clean water and drinking water, support wastewater treatment or resiliency of other essential infrastructure and other projects that reduce the potential impact of disasters or climate change. "Electric vehicle" means a vehicle that is exclusively powered by and refueled by electricity, must be plugged in to charge, and is licensed to drive on public roadways. "Electric vehicle charging station" means a station that delivers electricity from a source outside an electric vehicle into one or more electric vehicles. "Energy efficiency project" means measures that reduce the amount of electricity, natural gas, or total Btu of electricity or natural gas required to achieve or meet a given end use, consistent with Section 1-10 of the Illinois Power Agency Act. "Governing body" means the council, board, commission, or body, by whatever name it is known, having charge of the finances of a governmental unit. (Source: P.A. 103-1023, eff. 8-9-24; 104-6, eff. 6-16-25.)