AG-FARM PRODUCTS ECON DEVELOP House SponsorsRep. Jim Watson-Rich Brauer-Bill Mitchell-Raymond Poe and Roger L. Eddy 1/11/2005HouseSession Sine Die New Act Creates the Farm Products Economic Development Act. Provides that the Director of Agriculture shall make cash payments to Illinois grain processors that use corn to make ethyl alcohol and other products. Sets the amount of payment at 30 cents per bushel for each bushel used in a grain-processing center that began production after January 1, 2003. Provides that payments may be made only during the first 5 years of operation. Establishes a claims procedure and requires audits of the claims made. Requires the Department of Agriculture to promulgate emergency and permanent rules to implement the Act. Provides that the Act is repealed on January 1, 2012, at which time the remaining unobligated balance shall revert to the General Revenue Fund. Makes other provisions. Effective immediately. 2/21/2003HouseFiled with the Clerk by Rep. Jim Watson 2/21/2003HouseChief Co-Sponsor Rep. Rich Brauer 2/21/2003HouseChief Co-Sponsor Rep. Bill Mitchell 2/21/2003HouseChief Co-Sponsor Rep. Raymond Poe 2/21/2003HouseCo-Sponsor Rep. Roger L. Eddy 2/21/2003HouseFirst Reading 2/21/2003HouseReferred to Rules Committee 2/26/2003HouseAssigned to Executive Committee 3/11/2003HouseMotion to Suspend Rule 25 - Prevailed by Voice Vote 3/13/2003HouseRule 19(a) / Re-referred to Rules Committee 1/11/2005HouseSession Sine Die