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| 1 | AN ACT concerning regulation.
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| 2 | Be it enacted by the People of the State of Illinois,
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| 3 | represented in the General Assembly:
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| 4 | Section 5. The Illinois Petroleum Education and Marketing | ||||||
| 5 | Act is amended by changing Section 10 as follows:
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| 6 | (225 ILCS 728/10)
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| 7 | (Section scheduled to be repealed on January 1, 2018)
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| 8 | Sec. 10. Illinois Petroleum Resources Board.
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| 9 | (a) There is hereby created until January 1, 2018 2016, the | ||||||
| 10 | Illinois Petroleum
Resources Board, which shall be subject to | ||||||
| 11 | the provisions of the Regulatory
Sunset Act. The purpose of the | ||||||
| 12 | Board is to coordinate a program designed to
demonstrate to the | ||||||
| 13 | general public the importance of the Illinois oil
and gas
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| 14 | exploration and production industry, to encourage the wise and | ||||||
| 15 | efficient use of
energy, to promote environmentally
sound | ||||||
| 16 | production methods and technologies, to develop existing | ||||||
| 17 | supplies of
State oil and gas resources, and to support | ||||||
| 18 | research and educational activities
concerning the oil and gas
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| 19 | exploration and production industry.
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| 20 | (b) The Board shall be composed of 12 members to be
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| 21 | appointed as follows: | ||||||
| 22 | (1) Through December 31, 2006, the Governor shall make | ||||||
| 23 | appointments from a
list of names submitted by qualified | ||||||
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| 1 | producer associations, of which 10 shall
be oil and gas | ||||||
| 2 | producers. | ||||||
| 3 | (2) Beginning January 1, 2007, all appointments shall | ||||||
| 4 | be made by the qualified producer associations.
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| 5 | (c) A member of the Board shall:
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| 6 | (1) be at least 25 years of age;
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| 7 | (2) be a resident of the State of Illinois; and
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| 8 | (3) have at least 5 years of active experience in the | ||||||
| 9 | oil industry.
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| 10 | (d) Members shall serve for a term of 3 years, except that | ||||||
| 11 | of the initial
appointments, 4 members shall serve for one | ||||||
| 12 | year, 4 members for 2 years, and 4
members for 3 years.
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| 13 | (e) Vacancies shall be filled for the unexpired term of | ||||||
| 14 | office in the same
manner as the original appointment.
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| 15 | (f) The Board shall, at its first meeting, elect one of its | ||||||
| 16 | members as
chairperson, who shall preside over meetings of the | ||||||
| 17 | Board and perform
other duties that may be required by the | ||||||
| 18 | Board. The first meeting of the Board
shall be called by the | ||||||
| 19 | Governor.
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| 20 | (g) No member of the Board shall receive a salary or | ||||||
| 21 | reimbursement for
duties performed as a member of the Board, | ||||||
| 22 | except that members are eligible to
receive
reimbursement for | ||||||
| 23 | travel expenses incurred in the performance of Board duties.
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| 24 | (Source: P.A. 94-1085, eff. 1-19-07; 95-331, eff. 8-21-07.)
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| 25 | Section 99. Effective date. This Act takes effect upon | ||||||
| 26 | becoming law.
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