Illinois Compiled Statutes 65 ILCS 5/8-9-4 – Long-term contracts
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Terms Used In Illinois Compiled Statutes 65 ILCS 5/8-9-4
- Contract: A legal written agreement that becomes binding when signed.
Any municipality may enter into a long-term energy contract, even if the length of the contract would exceed the term of office of the corporate authorities that approved the contract.