SB 1570

Abstract

Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois, the State Finance Act, the School Code, and the Public Community College Act. Creates the School Wind and Solar Generation Program to fund wind generation projects and solar generation projects for school districts and community college districts. Requires the Department of Commerce and Economic Opportunity to implement and administer the program; allows the Department to award full or partial grants for, without limitation, engineering studies, feasibility studies, research studies, and construction costs. For each of the fiscal years 2010 through 2014, requires the State Comptroller to order transferred and the State Treasurer to transfer $5,000,000 from the General Revenue Fund to the School Wind and Solar Generation Fund, a special fund in the State treasury. Provides that all money in the Fund must be used for the purposes of the program. Allows school districts and community college districts to own and operate solar generation turbine farms (not just wind generation turbine farms) that directly or indirectly reduce energy or other operating costs. Effective immediately.