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95TH GENERAL ASSEMBLY
State of Illinois
2007 and 2008 HB0277
Introduced 1/19/2007, by Rep. Thomas Holbrook SYNOPSIS AS INTRODUCED: |
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Amends the Environmental Protection Act. Provides that if the Environmental Protection Agency has formed a priority list for payment out of the Underground Storage Tank Fund, an owner or operator on the priority list may assign to a person that is in the business of receiving assignments of payments from the Fund the full approved payment amount on the list for which the owner or operator is awaiting payment. Provides that the Agency shall prescribe forms for such an assignment. Provides specific limitations on the assignment. Effective immediately.
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| FISCAL NOTE ACT MAY APPLY | |
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A BILL FOR
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HB0277 |
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LRB095 04509 CMK 24562 b |
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| AN ACT concerning safety.
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| Be it enacted by the People of the State of Illinois,
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| represented in the General Assembly:
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| Section 5. The Environmental Protection Act is amended by |
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| adding Section 57.8a as follows: |
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| (415 ILCS 5/57.8a new) |
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| Sec. 57.8a. Assignment of payments from the Underground |
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| Storage Tank Fund. |
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| (a) If the Agency has formed a priority list for payment |
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| under Section 57.8(a)(3) of this Act, an owner or operator on |
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| the priority list may assign to a person that is in the |
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| business of receiving assignments of payments from the Fund the |
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| full approved payment amount on the list for which the owner or |
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| operator is awaiting payment. The assignment must be made on |
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| forms prescribed by the Agency. No assignment under this |
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| Section prevents or affects the right of the State Comptroller |
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| to make the deductions and off-sets provided in Section 10.05 |
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| of the State Comptroller Act. |
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| (b) An assignee has no right of appeal relating to the |
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| assigned payment. |
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| (c) An owner's or operator's assignment under this Section |
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| is irrevocable and may be made to only one assignee. The State |
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| shall pay the assigned amount to this one assignee only and |