Illinois General Assembly - Full Text of Public Act 096-1465
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Public Act 096-1465


 

Public Act 1465 96TH GENERAL ASSEMBLY



 


 
Public Act 096-1465
 
SB0049 EnrolledLRB096 03600 HLH 13627 b

    AN ACT concerning finance.
 
    Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
 
    Section 5. The Illinois Coal and Energy Development Bond
Act is amended by changing Section 6 as follows:
 
    (20 ILCS 1110/6)  (from Ch. 96 1/2, par. 4106)
    Sec. 6. The Department of Commerce and Economic Opportunity
is authorized to use general obligation bond funds for the
purposes of issuing grants in accordance with this Act and the
General Obligation Bond Act. The Department of Commerce and
Economic Opportunity is authorized to use $120,000,000 for the
purposes specified in this Act. These funds shall be expended
only for a grant to the owner of a generating station located
in Illinois and having at least three coal-fired generating
units with accredited summer capacity greater than 500
megawatts each at such generating station as specifically
authorized by this paragraph. Notwithstanding any of the other
provisions of this Act, in considering the approval of projects
to be funded under this Act, the Department of Commerce and
Economic Opportunity shall give special consideration to
projects which are designed to remove sulfur and other
pollutants in the preparation and utilization of coal, and in
the use and operation of electric utility generating plants and
industrial facilities which utilize Illinois coal as their
primary source of fuel. The Department of Commerce and
Community Affairs (now Department of Commerce and Economic
Opportunity) is directed to enter into a contract with the
owner of a generating station located in Illinois and having at
least three coal-fired generating units with accredited summer
capability greater than 500 megawatts each at such generating
station for a grant of $35,000,000 to be made by the State of
Illinois to such owner to be used to pay costs of designing,
acquiring, constructing, installing and testing facilities to
reduce sulfur dioxide emissions at one such generating unit to
allow that unit to meet the requirements of the Federal Clean
Air Act Amendments of 1990 (P.L. 101-549) while continuing to
use coal mined in Illinois as its source of fuel.
(Source: P.A. 94-793, eff. 5-19-06.)
 
    Section 10. The General Obligation Bond Act is amended by
changing Section 7 as follows:
 
    (30 ILCS 330/7)  (from Ch. 127, par. 657)
    Sec. 7. Coal and Energy Development. The amount of
$698,200,000 is authorized to be used by the Department of
Commerce and Economic Opportunity (formerly Department of
Commerce and Community Affairs) for coal and energy development
purposes, pursuant to Sections 2, 3 and 3.1 of the Illinois
Coal and Energy Development Bond Act, for the purposes
specified in Section 8.1 of the Energy Conservation and Coal
Development Act, for the purposes specified in Section 605-332
of the Department of Commerce and Economic Opportunity Law of
the Civil Administrative Code of Illinois, and for the purpose
of facility cost reports prepared pursuant to Sections 1-58
1-56 or 1-75(d)(4) of the Illinois Power Agency Act and for the
purpose of development costs pursuant to Section 8.1 of the
Energy Conservation and Coal Development Act. Of this amount:
    (a) $115,000,000 is for the specific purposes of
acquisition, development, construction, reconstruction,
improvement, financing, architectural and technical planning
and installation of capital facilities consisting of
buildings, structures, durable equipment, and land for the
purpose of capital development of coal resources within the
State and for the purposes specified in Section 8.1 of the
Energy Conservation and Coal Development Act;
    (b) $35,000,000 is for the purposes specified in Section
8.1 of the Energy Conservation and Coal Development Act and
making grants a grant to generating stations and coal
gasification facilities within the State of Illinois and to the
owner of a generating station located in Illinois and having at
least three coal-fired generating units with accredited summer
capability greater than 500 megawatts each at such generating
station as provided in Section 6 of that Bond Act;
    (c) $13,200,000 is for research, development and
demonstration of forms of energy other than that derived from
coal, either on or off State property;
    (d) $500,000,000 is for the purpose of providing financial
assistance to new electric generating facilities as provided in
Section 605-332 of the Department of Commerce and Economic
Opportunity Law of the Civil Administrative Code of Illinois;
and
    (e) $35,000,000 is for the purpose of facility cost reports
prepared for not more than one facility pursuant to Section
1-75(d)(4) of the Illinois Power Agency Act and not more than
one facility pursuant to Section 1-58 1-56 of the Illinois
Power Agency Act and for the purpose of up to $6,000,000 of
development costs pursuant to Section 8.1 of the Energy
Conservation and Coal Development Act.
(Source: P.A. 95-1026, eff. 1-12-09; 96-781, eff. 8-28-09;
revised 10-13-09.)
 
    Section 99. Effective date. This Act takes effect upon
becoming law.

Effective Date: 8/20/2010