Illinois Compiled Statutes 105 ILCS 240 School District Intergovernmental Cooperation Renewable Energy Act. Section 30

    (105 ILCS 240/30)

    Sec. 30. Organization. Any 2 or more school districts, whether contiguous or noncontiguous, may form an agency by the execution of an intergovernmental agreement authorized by resolution adopted by the governing body of each school district. The intergovernmental agreement shall state or may state, as applicable, the following:

        (1) the name of the agency and the date of its

    establishment, which may be by reference to a date or the dates of the resolutions adopted by the governing bodies, and the duration of its existence, which may be perpetual;

        (2) the names of the school districts that have

    adopted the intergovernmental agreement and constitute the initial members;

        (3) the names and addresses of the persons initially

    appointed in the resolutions adopting the intergovernmental agreement to serve as initial directors on the board and provision for the organizational meeting of the agency;

        (4) provision for the terms of office of the

    directors and for alternate directors, if so provided, but such directors and alternate directors shall always be selected and vacancies in their offices declared and filled by resolutions adopted by the governing body of the respective school districts;

        (5) if so provided, provision for weighted voting

    among the school districts or by the directors;

        (6) the location by city, village, or incorporated

    town in the State of Illinois of the principal office of the agency;

        (7) provision for amendment of the intergovernmental

    agreement;

        (8) if provided, initial funding for the agency,

    which may include binding agreements of the school districts to provide money or to issue school district bonds for the benefit of the agency;

        (9) provisions for the disposition, division, or

    distribution of obligations, property, and assets of the agency upon dissolution; and

        (10) any other provisions for regulating the business

    of the agency or the conduct of its affairs consistent with this Act.

(Source: P.A. 96-946, eff. 6-25-10.)

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Last modified: February 18, 2015