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