093_SB1909eng

 
SB1909 Engrossed                     LRB093 08711 RCE 08941 b

 1        AN ACT concerning coal development.

 2        Be it enacted by the People of  the  State  of  Illinois,
 3    represented in the General Assembly:

 4        Section  5.  The Energy Conservation and Coal Development
 5    Act is amended by changing Section 10 as follows:

 6        (20 ILCS 1105/10) (from Ch. 96 1/2, par. 7410)
 7        Sec.  10.   Evaluation  of  loan   applications.      The
 8    Department  of  Commerce and Community Affairs shall evaluate
 9    applications for loans and make such evaluations available to
10    the Illinois Coal Development Board.  Evaluation of the  loan
11    applications  shall  be  based  on,  but  not limited to, the
12    following criteria:
13        (a)  The length of time applicants will commit  to  using
14    Illinois  coal in the facility which is modified, acquired or
15    constructed as a result of the project.  The  applicant  must
16    agree  to use Illinois coal for at least the life of the loan
17    as a condition of such  loan.   Weight  shall  be  given  for
18    longer commitments.
19        (b)  The  total  amount  of  Illinois  coal used.  Weight
20    shall be given to projects using larger amounts  of  Illinois
21    coal over the life of the loan.
22        (c)  The  percentage of the total project costs the State
23    is asked to finance.  Weight shall be given to projects which
24    maximize the use of private funds or funds from other  public
25    sources.
26        (d)  The  technical  merits of the project, including but
27    not limited to, the effectiveness of  the  prepared  coal-use
28    system  in  controlling emissions of sulfur dioxide and other
29    pollutants.
30    (Source: P.A. 84-111; 84-1070.)