20 ILCS 3855/1-87

Current through Public Act 103-1052
Section 20 ILCS 3855/1-87 - Management and Operating Agreements

For projects costing the Agency $1,000,000,000 or more, the Agency shall enter into management and operating agreements for the relevant facility or facilities. Solicitation for any such management and operating agreement shall be pursuant to a request for proposals. The agreements must comply with the Internal Revenue Code and its regulations and shall not jeopardize the tax-exempt status of any bond issued in connection with a project for which the Agency entered into the agreement.

20 ILCS 3855/1-87

Added by P.A. 095-0481,§ 1-87, eff. 8/28/2007.