Illinois Statutes Chapter 105. Schools § 240/10. Definitions

§ 10. Definitions. In this Act:

“Agency” means a joint action agency organized and operating under this Act.

“Applicable law” means any provision of law, including this Act, authorizing school districts to issue bonds as that term is defined in the Local Government Debt Reform Act.

“Board” means the board of directors of an agency organized under this Act.

“Bond” means a bond as such term is defined in the Local Government Debt Reform Act issued by an agency payable from one or more of the agency's revenue sources and other sources as the agency may lawfully pledge, which sources may include school district bonds or proceeds or payments to be made pursuant to an intergovernmental agreement.

“Eligible project” means any land or rights in land, plant, works, system, facility, machinery, intellectual property, or other real or personal property of any nature whatsoever, together with all parts thereof and appurtenances thereto, used or useful in the generation, production, such distribution or transmission as may be required in a relevant electric service agreement, purchase, sale, exchange, or interchange of electrical energy derived from renewable energy resources as defined in Section 1-10 of the Illinois Power Agency Act, including wind, solar power, and other renewable resources, and in the acquisition, extraction, conversion, transportation, storage, or reprocessing of ancillary fuel of any kind for any of those purposes, or any interest in, or right to the use, services, output, or capacity of any plant, works, system, or facilities.

“Governing body” means the school board having charge of the corporate affairs of a school district.

“Intergovernmental agreement” means the agreement by which an agency is formed by school districts pursuant to this Act.

“Members” means the school districts joining pursuant to intergovernmental agreement to organize an agency under this Act.

“Resolution” means a resolution duly adopted by a governing body.

“Revenue source” means any revenue source as such term is defined in the Local Government Debt Reform Act.

“School district” means a combined elementary district, a combined high school district, a combined unit district, a unit district, a combined high school unit district, an elementary district, or an optional elementary unit district organized and operating under the School Code of the State of Illinois, but does not include any office, officer, department, division, bureau, board, commission, or similar agency of the State of Illinois.

“School district bond” means any bond as such term is defined in the Local Government Debt Reform Act authorized or issued by or on behalf of a school district under applicable law.