Synopsis As Introduced Amends the Regulatory Sunset Act. Extends the repeal of the Illinois Petroleum Education and Marketing Act from January 1, 2018 to January 1, 2028. Amends the Illinois Petroleum Education and Marketing Act. Removes language providing for the expiration of the Illinois Petroleum Resources Board. Effective immediately.
Replaces everything after the enacting clause. Reinserts the introduced bill with the following changes: Further amends the Illinois Petroleum Education and Marketing Act. In provisions concerning the purposes of the Illinois Petroleum Resources Board, includes supporting oilfield environmental remediation and restoration activities. Provides that the annual report compiled and made available by the Board shall be filed with the Department of Natural Resources within 60 days after the close of the Board's fiscal year. Provides that the Board has the power to enter into voluntary agreements with the Department to support oilfield environmental remediation and restoration activities. Provides that the Board may expend funds only as provided for by law. Provides that any moneys collected from assessments on oil and gas production and not refunded shall not be used for travel expenses of any member of the Illinois General Assembly.