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| | 103RD GENERAL ASSEMBLY
State of Illinois
2023 and 2024 HB5397 Introduced 2/9/2024, by Rep. Lawrence "Larry" Walsh, Jr. SYNOPSIS AS INTRODUCED: | | | Amends the Illinois Petroleum Education and Marketing Act. Provides that beginning July 1, 2024, no member of the Illinois Petroleum Resources Board may be appointed to a term which would cause the member to exceed 9 years of total service on the Board. |
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| | A BILL FOR |
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| | HB5397 | | LRB103 38785 RTM 68922 b |
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| 1 | | AN ACT concerning regulation. |
| 2 | | Be it enacted by the People of the State of Illinois, |
| 3 | | represented in the General Assembly: |
| 4 | | Section 5. The Illinois Petroleum Education and Marketing |
| 5 | | Act is amended by changing Section 10 as follows: |
| 6 | | (225 ILCS 728/10) |
| 7 | | (Section scheduled to be repealed on January 1, 2028) |
| 8 | | Sec. 10. Illinois Petroleum Resources Board. |
| 9 | | (a) There is hereby created the Illinois Petroleum |
| 10 | | Resources Board, which shall be subject to the provisions of |
| 11 | | the Regulatory Sunset Act. The purpose of the Board is to |
| 12 | | coordinate a program designed to demonstrate to the general |
| 13 | | public the importance of the Illinois oil and gas exploration |
| 14 | | and production industry, to encourage the wise and efficient |
| 15 | | use of energy, to promote environmentally sound production |
| 16 | | methods and technologies, to develop existing supplies of |
| 17 | | State oil and gas resources, to support research and |
| 18 | | educational activities concerning the oil and gas exploration |
| 19 | | and production industry, and to support oilfield environmental |
| 20 | | remediation and restoration activities. |
| 21 | | (b) The Board shall be composed of 12 members to be |
| 22 | | appointed as follows: |
| 23 | | (1) Through December 31, 2006, the Governor shall make |