With respect to the construction of public works funded by the proceeds described in Section 20, where the project has an estimated contract value of $500,000 or more, where there has been a written determination that the public interest in cost, timely and orderly construction, labor stability, and advancement of minority-owned and women-owned businesses and minority and female employment would be served by a project labor agreement, and where not otherwise prohibited by applicable law, the municipality or municipal corporation responsible for implementing the project shall in good faith negotiate a project labor agreement with labor organizations engaged in the construction industry. Any project labor agreement shall:
         (1) set forth effective, immediate, and mutually
    
binding procedures for resolving jurisdictional disputes and grievances arising before completion of work;
        (2) contain guarantees against strikes, lockouts, or
    
similar actions;
        (3) ensure a reliable source of skilled and
    
experienced labor;
        (4) further public policy objectives as to improved
    
employment opportunities for minorities and women in the construction industry to the extent permitted by State and federal law;
        (5) be made binding on all contractors and
    
subcontractors on the public works project through inclusion of appropriate bid specifications in all relevant bid documents; and
        (6) include such other terms as the parties deem
    
appropriate.
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Terms Used In Illinois Compiled Statutes 50 ILCS 615/25

  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • State: when applied to different parts of the United States, may be construed to include the District of Columbia and the several territories, and the words "United States" may be construed to include the said district and territories. See Illinois Compiled Statutes 5 ILCS 70/1.14
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