Bill Status of SB 2516   94th General Assembly


Short Description:  PETROLEUM ED-ABOLISH FUND

Senate Sponsors
Sen. Gary Forby

Last Action  View All Actions

DateChamber Action
  1/9/2007SenateSession Sine Die

Statutes Amended In Order of Appearance
225 ILCS 728/5
225 ILCS 728/10
225 ILCS 728/15
225 ILCS 728/27 new
225 ILCS 728/30
225 ILCS 728/35
225 ILCS 728/45
30 ILCS 105/5.482 rep.
225 ILCS 728/25 rep.

Synopsis As Introduced
Amends the Illinois Petroleum Education and Marketing Act. Abolishes the Petroleum Resources Revolving Fund and grants the Board the power to receive and administer all assessments, donations, grants, contributions, and gifts received by the Board pursuant to the Act and to deposit them into accounts maintained by the Board. Provides that the assessment levied on the interest owner to fund the activities of the Board shall be remitted to the Board (instead of the Department of Revenue). Makes other changes. Repeals a Section creating the Petroleum Resource Revolving Fund. Amends the State Finance Act to make a corresponding change. Effective immediately.

Actions 
DateChamber Action
  1/18/2006SenateFiled with Secretary by Sen. Gary Forby
  1/18/2006SenateFirst Reading
  1/18/2006SenateReferred to Rules
  1/9/2007SenateSession Sine Die

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