Illinois General Assembly - Full Text of HB1614
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Full Text of HB1614  94th General Assembly



State of Illinois
2005 and 2006


Introduced 2/14/2005, by Rep. Michael J. Madigan - Barbara Flynn Currie - Thomas Holbrook


20 ILCS 1105/10   from Ch. 96 1/2, par. 7410

    Amends the Energy Conservation and Coal Development Act. Makes a technical change in a Section concerning the evaluation of loan applications.

LRB094 02880 RSP 32881 b





HB1614 LRB094 02880 RSP 32881 b

1     AN ACT concerning State government.
2     Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
4     Section 5. The Energy Conservation and Coal Development Act
5 is amended by changing Section 10 as follows:
6     (20 ILCS 1105/10)  (from Ch. 96 1/2, par. 7410)
7     Sec. 10. Evaluation of loan applications. The The
8 Department shall evaluate applications for loans and make such
9 evaluations available to the Illinois Coal Development Board.
10 Evaluation of the loan applications shall be based on, but not
11 limited to, the following criteria:
12     (a) The length of time applicants will commit to using
13 Illinois coal in the facility which is modified, acquired or
14 constructed as a result of the project. The applicant must
15 agree to use Illinois coal for at least the life of the loan as
16 a condition of such loan. Weight shall be given for longer
17 commitments.
18     (b) The total amount of Illinois coal used. Weight shall be
19 given to projects using larger amounts of Illinois coal over
20 the life of the loan.
21     (c) The percentage of the total project costs the State is
22 asked to finance. Weight shall be given to projects which
23 maximize the use of private funds or funds from other public
24 sources.
25     (d) The technical merits of the project, including but not
26 limited to, the effectiveness of the prepared coal-use system
27 in controlling emissions of sulfur dioxide and other
28 pollutants.
29 (Source: P.A. 84-111; 84-1070.)