Bill Text: IL HB5379 | 2023-2024 | 103rd General Assembly | Introduced

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Bill Title: Amends the Illinois Finance Authority Act. Provides that each Climate Bank-funded project must include a fully executed project labor agreement for any construction project, pay the prevailing wage to construction workers in accordance with the Prevailing Wage Act and the federal Davis-Bacon Act, and include participation benchmarks during construction for apprentices from a U.S. Department of Labor-registered apprenticeship program. In its role as the Climate Bank for the State, provides that the Authority shall consider creating clean energy jobs, promoting high-road labor standards in renewable energy and energy efficiency, and developing a pipeline for highly skilled workers to enter the clean energy job market.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2024-04-05 - Rule 19(a) / Re-referred to Rules Committee [HB5379 Detail]

Download: Illinois-2023-HB5379-Introduced.html

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103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB5379 Introduced , by Rep. Lawrence "Larry" Walsh, Jr. SYNOPSIS AS INTRODUCED:
20 ILCS 3501/850-10
20 ILCS 3501/850-15
Amends the Illinois Finance Authority Act. Provides that each Climate Bank-funded project must include a fully executed project labor agreement for any construction project, pay the prevailing wage to construction workers in accordance with the Prevailing Wage Act and the federal Davis-Bacon Act, and include participation benchmarks during construction for apprentices from a U.S. Department of Labor-registered apprenticeship program. In its role as the Climate Bank for the State, provides that the Authority shall consider creating clean energy jobs, promoting high-road labor standards in renewable energy and energy efficiency, and developing a pipeline for highly skilled workers to enter the clean energy job market.
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A BILL FOR
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AN ACT concerning State government.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Illinois Finance Authority Act is amended
by changing Sections 850-10 and 850-15 as follows:
(20 ILCS 3501/850-10)
Sec. 850-10. Powers and duties.
(a) The Authority shall have the powers enumerated in this
Act to assist in the development and implementation of clean
energy in the State. The powers enumerated in this Article
shall be in addition to all other powers of the Authority
conferred in this Act, including those related to clean energy
and the provision of clean water, drinking water, and
wastewater treatment. The powers of the Authority to issue
bonds, notes, and other obligations to finance loans
administered by the Illinois Environmental Protection Agency
under the Public Water Supply Loan Program or the Water
Pollution Control Loan Program or other similar programs shall
not be limited or otherwise affected by this amendatory Act of
the 102nd General Assembly.
(b) In its role as the Climate Bank of the State, the
Authority shall have the power to: (i) administer programs and
funds appropriated by the General Assembly for clean energy

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projects in eligible communities and environmental justice
communities or owned by eligible persons, (ii) support
investment in the clean energy and clean water, drinking
water, and wastewater treatment, (iii) support and otherwise
promote investment in clean energy projects to foster the
growth, development, and commercialization of clean energy
projects and related enterprises, and (iv) stimulate demand
for clean energy and the development of clean energy projects.
(c) In addition to, and not in limitation of, any other
power of the Authority set forth in this Section or any other
provisions of the general statutes, the Authority shall have
and may exercise the following powers in furtherance of or in
carrying out its clean energy powers and purposes:
(1) To enter into joint ventures and invest in and
participate with any person, including, without
limitation, government entities and private corporations,
engaged primarily in the development of clean energy
projects, provided that members of the Authority or
officers may serve as directors, members, or officers of
any such business entity, and such service shall be deemed
to be in the discharge of the duties or within the scope of
the employment of any such member or officer, or Authority
or officers, as the case may be, so long as such member or
officer does not receive any compensation or direct or
indirect financial benefit as a result of serving in such
role.

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(2) To utilize funding sources, including, but not
limited to:
(A) funds repurposed from existing programs
providing financing support for clean energy projects,
provided any transfer of funds from such existing
programs shall be subject to approval by the General
Assembly and shall be used for expenses of financing,
grants, and loans;
(B) any federal funds that can be used for clean
energy purposes;
(C) charitable gifts, grants, and contributions as
well as loans from individuals, corporations,
university endowment funds, and philanthropic
foundations for clean energy projects or for the
provision of clean water, drinking water, and
wastewater treatment; and
(D) earnings and interest derived from financing
support activities for clean energy projects financed
by the Authority.
(3) To enter into contracts with private sources to
raise capital.
(d) The Authority may finance working capital, refinance
outstanding indebtedness of any person, and otherwise assist
in the investment of equity from any source, public or
private, in connection with clean energy projects or any other
projects authorized by this Act.

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(e) The Authority may assess reasonable fees on its
financing activities to cover its reasonable costs and
expenses, as determined by the Authority.
(f) The Authority shall make information regarding the
rates, terms and conditions for all of its financing support
transactions available to the public for inspection, including
formal annual reviews by both a private auditor and the
Comptroller, and providing details to the public on the
Internet, provided public disclosure shall be restricted for
patentable ideas, trade secrets, and proprietary or
confidential commercial or financial information, disclosure
of which may cause commercial harm to a nongovernmental
recipient of such financing support and for other information
exempt from public records disclosure pursuant to Section
1-210.
(g) Each Climate Bank-funded project must include a fully
executed project labor agreement for any construction project,
pay the prevailing wage to any construction workers in
accordance with the Prevailing Wage Act and the federal
Davis-Bacon Act, and include participation benchmarks during
any construction for apprentices from a U.S. Department of
Labor-registered apprenticeship program.
(Source: P.A. 102-662, eff. 9-15-21.)
(20 ILCS 3501/850-15)
Sec. 850-15. Purposes; Climate Bank. In its role as the

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