Senate Sponsors: LAUZEN. Short description: GO BONDS-USE & OCC TAX-COAL Synopsis of Bill as introduced: Creates the Illinois Coal Mining and Coal Development Act. Creates the Illinois Coal Mining and Coal Development Board and authorizes the Board to provide advice and make recommendations on certain powers and duties of the Illinois Environmental Protection Agency with respect to coal-related matters. Authorizes the State to issue bonds in the amount of $500,000,000 for the purposes of architectural and technical planning and installation of sulfur dioxide and nitrogen oxide emission control systems for coal-fired electric generating units. Provides that the proceeds of the bonds shall be deposited into a separate fund known as the Coal Mining and Coal Development Fund, and amends the State Finance Act to create the Fund. Amends the General Obligation Bond Act. Increases the bond authorization limit by $500,000,000 for coal and energy development. Deletes language in the General Obligation Bond Act and the Illinois Coal and Energy Development Bond Act that directs DCCA to make a $35,000,000 grant to a generating station to construct a facility to reduce sulfur dioxide emissions at a coal-fired generating unit. Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Provides that, beginning February 1, 2002, each month the Department of Revenue shall pay into the General Obligation Bond Retirement and Interest Fund 80% of the net revenue realized for the preceding month from the selling price of coal until the Bureau of the Budget certifies to the Department that the amount that will be necessary to finance the $500,000,000 in additional general obligation bonds authorized to be issued under this amendatory Act of the 92nd General Assembly for coal development has been paid into that Fund. Effective immediately. Last action on Bill: SESSION SINE DIE Last action date: JAN-07-2003 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status