(220 ILCS 5/8-208)
Sec. 8-208.
(a) The General Assembly finds that the availability of
adequate, affordable housing bears a close relationship to efficient and
reliable delivery of utility services and that the lack of affordable housing
exacerbates difficulties in the delivery of electric services. It is further
found that the meeting of electric public utility service obligations imposed
under this Act can be attained by allocating certain resources to alleviating
housing needs. It is declared to be the public policy of this State that
prudent investments in or contributions to projects that foster the
availability of adequate, affordable housing furthers the goals and objectives
of this Act.
(b) Beginning in calendar year 1994 and continuing through calendar year
2014, a public utility providing electric service to more than 1,000,000
customers in this State shall contribute, from retained earnings, each year
$500,000 to the Illinois Affordable Housing Trust Fund created by the Illinois
Affordable Housing Act.
(Source: P.A. 88-83; 88-653, eff. 1-1-95.)
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