SB2463 - 104th General Assembly (2025-2026)
OIL AND GAS ACT-SURETY BONDS
Last Action
8/01/2025 - Senate: Public Act . . . . . . . . . 104-0150
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Illinois Oil and Gas Act. Removes cash as an item that an applicant for a permit may provide in lieu of a surety bond required for plugging obligations and the removal of liquid oil field waste from an on-site collection point. Makes changes in provisions concerning the Department of Natural Resources's ability to make rules and conduct hearings for certain purposes. Makes conforming changes.
Senate Floor Amendment No. 1
Replaces everything after the enacting clause. Amends the Illinois Oil and Gas Act. Removes cash as an item that an applicant may provide in lieu of a surety bond required for plugging obligations. Changes the bond requirements for (1) an applicant that has not been issued a permit that is not of record with the Department of Natural Resources on the effective date of the amendatory Act or (2) is a permittee on record with the Department that has failed to make the required assessments under the Act at any time in the preceding 5 years. Requires the applicant or permittee to execute and file with the Department a bond in an amount estimated to cover the cost of plugging and restoring the well site at the following rates: $10,000 for one well, $25,000 in total covering a blanket bond for up to 10 wells, $50,000 in total covering a blanket bond for up to 50 wells, or $100,000 in total covering a blanket bond for up to 100 wells. Provides that a blanket bond covering more than 100 wells is increased to include the bond amount for the total number of wells more than 100 that will be covered by the blanket bond. Requires that a bond must be submitted to the Department for all wells before drilling, deepening, converting, or operating any well for which a new or transfer permit is required and that has not previously been plugged and abandoned in accordance with the Act. Requires the Department to release the bond if (i) all wells covered by the bond are plugged and all well sites are restored in accordance with the amendatory Act and administrative rules, (ii) all wells covered by the bond are transferred in accordance with the amendatory Act and administrative rules, and (iii) the permittee pays assessments to the Department in accordance with the Act for 5 consecutive years from the date of issuance of a permit after the effective date of the amendatory Act and the permittee is not in violation of the amendatory Act or any administrative rules. Makes conforming changes.
Actions
| Date | Chamber | Action |
|---|---|---|
| 2/07/2025 | Senate | Filed with Secretary by Sen. Erica Harriss |
| 2/07/2025 | Senate | First Reading |
| 2/07/2025 | Senate | Referred to Assignments |
| 3/04/2025 | Senate | Assigned to Judiciary |
| 3/19/2025 | Senate | Do Pass Judiciary; 009-000-000 |
| 3/19/2025 | Senate | Placed on Calendar Order of 2nd Reading March 20, 2025 |
| 3/20/2025 | Senate | Second Reading |
| 3/20/2025 | Senate | Placed on Calendar Order of 3rd Reading April 1, 2025 |
| 4/04/2025 | Senate | Senate Floor Amendment No. 1 Filed with Secretary by Sen. Erica Harriss |
| 4/04/2025 | Senate | Senate Floor Amendment No. 1 Referred to Assignments |
| 4/08/2025 | Senate | Senate Floor Amendment No. 1 Assignments Refers to Judiciary |
| 4/09/2025 | Senate | Senate Floor Amendment No. 1 Recommend Do Adopt Judiciary; 008-000-000 |
| 4/10/2025 | Senate | Recalled to Second Reading |
| 4/10/2025 | Senate | Senate Floor Amendment No. 1 Adopted; E. Harriss |
| 4/10/2025 | Senate | Placed on Calendar Order of 3rd Reading |
| 4/10/2025 | Senate | Third Reading - Passed; 055-000-000 |
| 4/10/2025 | House | Arrived in House |
| 4/10/2025 | House | Chief House Sponsor Rep. Terra Costa Howard |
| 4/11/2025 | House | First Reading |
| 4/11/2025 | House | Referred to Rules Committee |
| 4/17/2025 | House | Assigned to Judiciary - Civil Committee |
| 4/30/2025 | House | Do Pass / Short Debate Judiciary - Civil Committee; 020-000-000 |
| 4/30/2025 | House | Placed on Calendar 2nd Reading - Short Debate |
| 5/14/2025 | House | Second Reading - Short Debate |
| 5/14/2025 | House | Placed on Calendar Order of 3rd Reading - Short Debate |
| 5/22/2025 | House | Third Reading - Short Debate - Passed 112-000-000 |
| 5/22/2025 | Senate | Passed Both Houses |
| 6/20/2025 | Senate | Sent to the Governor |
| 8/01/2025 | Senate | Governor Approved |
| 8/01/2025 | Senate | Effective Date January 1, 2026 |
| 8/01/2025 | Senate | Public Act . . . . . . . . . 104-0150 |