PROCURE-RENEW ENERGY RESOURCES

Amends the Illinois Procurement Code. Provides that construction agencies (currently, State purchasing officers) may enter into energy conservation program contracts or energy savings contracts or leases that provide for utility cost savings. Provides that energy conservation program contracts or energy savings contracts and leases may be entered into for a period of time deemed to be in the best interest of the State but not exceeding 30 years (currently, 15 years) inclusive of proposed contract or lease renewals. Provides that renewable energy resources contracts and leases may be entered into for a period of time deemed to be in the best interest of the State but not exceeding 30 years inclusive of proposed contract or lease renewals. Amends the Public University Energy Conservation Act. Provides that guaranteed energy savings contracts under the Act shall include a written guarantee of the qualified provider that either the energy or operational cost savings, or both, will meet or exceed within 30 (currently, 20) years the costs of the energy conservation measures. Provides that the guaranteed energy savings contract may provide for payments over a period of time, not to exceed 30 (currently, 20) years from the date of final installation of the measures. Makes conforming changes. Defines "renewable energy resources". Effective immediately. Senate Floor Amendment No. 1 Deletes reference to: 30 ILCS 500/25-45 110 ILCS 62/20 Adds reference to: 30 ILCS 500/25-47 new Replaces everything after the enacting clause. Amends the Illinois Procurement Code. Provides that State purchasing officers or a State agency may enter into renewable energy resources contracts and leases for a period of time deemed to be in the best interest of the State, but not exceeding 25 years inclusive of proposed contract or lease renewals. Defines "renewable energy resources". Effective immediately.