(30 ILCS 730/3) (from Ch. 96 1/2, par. 8203)
Sec. 3. Transfers to Coal Technology Development Assistance Fund.
(a) As soon
as may be practicable after the first day of each month, the Department of
Revenue shall certify to the Treasurer an amount equal to 1/64 of the revenue
realized from the tax imposed by the Electricity Excise Tax Law, Section 2
of the Public Utilities Revenue Act,
Section 2 of the Messages Tax Act, and Section 2 of the Gas Revenue Tax Act,
during the preceding month. Upon receipt of the certification, the Treasurer
shall transfer the amount shown on such certification from the General Revenue
Fund to the Coal Technology Development Assistance Fund, which is hereby
created as a special fund in the State treasury, except that no transfer shall
be made in any month in which the Fund has reached the following balance:
(1) (Blank).
(2) (Blank).
(3) (Blank).
(4) (Blank). (5) (Blank). (6) Expect as otherwise provided in subsection (b), during fiscal year 2006 and each |
| fiscal year thereafter, an amount equal to the sum of $10,000,000 plus additional moneys deposited into the Coal Technology Development Assistance Fund from the Renewable Energy Resources and Coal Technology Development Assistance Charge under Section 6.5 of the Renewable Energy, Energy Efficiency, and Coal Resources Development Law of 1997.
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(b) During fiscal years 2019 through 2022 only, the Treasurer shall make no transfers from the General Revenue Fund to the Coal Technology Development Assistance Fund.
(Source: P.A. 101-10, eff. 6-5-19; 101-636, eff. 6-10-20; 102-16, eff. 6-17-21.)
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