Full Text of SB1511 95th General Assembly
SB1511ham002 95TH GENERAL ASSEMBLY
|
Rep. Gary Hannig
Filed: 11/14/2008
|
|
09500SB1511ham002 |
|
LRB095 04366 JAM 53536 a |
|
| 1 |
| AMENDMENT TO SENATE BILL 1511
| 2 |
| AMENDMENT NO. ______. Amend Senate Bill 1511, AS AMENDED, | 3 |
| by replacing everything after the enacting clause with the | 4 |
| following:
| 5 |
| "Section 5. The General Obligation Bond Act is amended by | 6 |
| changing Section 7 as follows:
| 7 |
| (30 ILCS 330/7) (from Ch. 127, par. 657)
| 8 |
| Sec. 7. Coal and Energy Development. The amount of | 9 |
| $663,200,000 is
authorized to be used by the Department of | 10 |
| Commerce and Economic Opportunity (formerly Department of | 11 |
| Commerce and Community Affairs) for
coal and energy development | 12 |
| purposes, pursuant to Sections 2, 3 and 3.1 of the
Illinois | 13 |
| Coal and Energy Development Bond Act, for the facility cost | 14 |
| reports prepared pursuant to Section 1-75(d)(4) of the Illinois | 15 |
| Power Agency Act, for the purposes
specified
in Section 8.1 of | 16 |
| the Energy Conservation and Coal Development Act, and for
the |
|
|
|
09500SB1511ham002 |
- 2 - |
LRB095 04366 JAM 53536 a |
|
| 1 |
| purposes specified in Section 605-332 of the Department of | 2 |
| Commerce and
Economic Opportunity Law of the Civil | 3 |
| Administrative Code of Illinois. Of this
amount:
| 4 |
| (a) $150,000,000 $115,000,000 is
for the specific purposes | 5 |
| of (i) acquisition,
development, construction, reconstruction, | 6 |
| improvement, financing,
architectural and technical planning | 7 |
| and installation of capital facilities
consisting of | 8 |
| buildings, structures, durable equipment, and land for the
| 9 |
| purpose of capital development of coal resources within the | 10 |
| State and for the
purposes specified in Section 8.1 of the | 11 |
| Energy Conservation and Coal
Development Act and (ii) | 12 |
| subsidizing the facility cost reports prepared pursuant to | 13 |
| Section 1-75(d)(4) of the Illinois Power Agency Act ;
| 14 |
| (b) (Blank) $35,000,000 is for the purposes specified in | 15 |
| Section 8.1 of the
Energy
Conservation and Coal Development Act | 16 |
| and making a grant to the owner of a
generating station
located | 17 |
| in Illinois and having at least three coal-fired generating | 18 |
| units
with accredited summer capability greater than 500 | 19 |
| megawatts each at such
generating station as provided in | 20 |
| Section 6 of that Bond Act ;
| 21 |
| (c) $13,200,000 is for research, development and | 22 |
| demonstration
of forms of energy
other than that derived from | 23 |
| coal, either on or off State property; and
| 24 |
| (d) $500,000,000 is for the purpose of providing financial | 25 |
| assistance to
new
electric generating facilities as provided in | 26 |
| Section 605-332 of the Department
of Commerce and Economic |
|
|
|
09500SB1511ham002 |
- 3 - |
LRB095 04366 JAM 53536 a |
|
| 1 |
| Opportunity Law of the Civil Administrative Code of
Illinois.
| 2 |
| (Source: P.A. 94-793, eff. 5-19-06.)
| 3 |
| Section 99. Effective date. This Act takes effect upon | 4 |
| becoming law.".
|
|