Full Text of SB1511 95th General Assembly
SB1511ham002 95TH GENERAL ASSEMBLY
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Rep. Gary Hannig
Filed: 11/14/2008
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09500SB1511ham002 |
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LRB095 04366 JAM 53536 a |
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| AMENDMENT TO SENATE BILL 1511
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| AMENDMENT NO. ______. Amend Senate Bill 1511, AS AMENDED, | | 3 |
| by replacing everything after the enacting clause with the | | 4 |
| following:
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| "Section 5. The General Obligation Bond Act is amended by | | 6 |
| changing Section 7 as follows:
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| (30 ILCS 330/7) (from Ch. 127, par. 657)
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| Sec. 7. Coal and Energy Development. The amount of | | 9 |
| $663,200,000 is
authorized to be used by the Department of | | 10 |
| Commerce and Economic Opportunity (formerly Department of | | 11 |
| Commerce and Community Affairs) for
coal and energy development | | 12 |
| purposes, pursuant to Sections 2, 3 and 3.1 of the
Illinois | | 13 |
| Coal and Energy Development Bond Act, for the facility cost | | 14 |
| reports prepared pursuant to Section 1-75(d)(4) of the Illinois | | 15 |
| Power Agency Act, for the purposes
specified
in Section 8.1 of | | 16 |
| the Energy Conservation and Coal Development Act, and for
the |
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LRB095 04366 JAM 53536 a |
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| purposes specified in Section 605-332 of the Department of | | 2 |
| Commerce and
Economic Opportunity Law of the Civil | | 3 |
| Administrative Code of Illinois. Of this
amount:
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| (a) $150,000,000 $115,000,000 is
for the specific purposes | | 5 |
| of (i) acquisition,
development, construction, reconstruction, | | 6 |
| improvement, financing,
architectural and technical planning | | 7 |
| and installation of capital facilities
consisting of | | 8 |
| buildings, structures, durable equipment, and land for the
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| purpose of capital development of coal resources within the | | 10 |
| State and for the
purposes specified in Section 8.1 of the | | 11 |
| Energy Conservation and Coal
Development Act and (ii) | | 12 |
| subsidizing the facility cost reports prepared pursuant to | | 13 |
| Section 1-75(d)(4) of the Illinois Power Agency Act;
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| (b) (Blank) $35,000,000 is for the purposes specified in | | 15 |
| Section 8.1 of the
Energy
Conservation and Coal Development Act | | 16 |
| and making a grant to the owner of a
generating station
located | | 17 |
| in Illinois and having at least three coal-fired generating | | 18 |
| units
with accredited summer capability greater than 500 | | 19 |
| megawatts each at such
generating station as provided in | | 20 |
| Section 6 of that Bond Act;
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| (c) $13,200,000 is for research, development and | | 22 |
| demonstration
of forms of energy
other than that derived from | | 23 |
| coal, either on or off State property; and
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| (d) $500,000,000 is for the purpose of providing financial | | 25 |
| assistance to
new
electric generating facilities as provided in | | 26 |
| Section 605-332 of the Department
of Commerce and Economic |
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LRB095 04366 JAM 53536 a |
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| Opportunity Law of the Civil Administrative Code of
Illinois.
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| (Source: P.A. 94-793, eff. 5-19-06.)
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| Section 99. Effective date. This Act takes effect upon | | 4 |
| becoming law.".
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