093_SB1909eng
SB1909 Engrossed LRB093 08711 RCE 08941 b
1 AN ACT concerning coal development.
2 Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
4 Section 5. The Energy Conservation and Coal Development
5 Act is amended by changing Section 10 as follows:
6 (20 ILCS 1105/10) (from Ch. 96 1/2, par. 7410)
7 Sec. 10. Evaluation of loan applications. The
8 Department of Commerce and Community Affairs shall evaluate
9 applications for loans and make such evaluations available to
10 the Illinois Coal Development Board. Evaluation of the loan
11 applications shall be based on, but not limited to, the
12 following criteria:
13 (a) The length of time applicants will commit to using
14 Illinois coal in the facility which is modified, acquired or
15 constructed as a result of the project. The applicant must
16 agree to use Illinois coal for at least the life of the loan
17 as a condition of such loan. Weight shall be given for
18 longer commitments.
19 (b) The total amount of Illinois coal used. Weight
20 shall be given to projects using larger amounts of Illinois
21 coal over the life of the loan.
22 (c) The percentage of the total project costs the State
23 is asked to finance. Weight shall be given to projects which
24 maximize the use of private funds or funds from other public
25 sources.
26 (d) The technical merits of the project, including but
27 not limited to, the effectiveness of the prepared coal-use
28 system in controlling emissions of sulfur dioxide and other
29 pollutants.
30 (Source: P.A. 84-111; 84-1070.)