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90_SB0524eng
30 ILCS 105/5.449 new
20 ILCS 1105/8 from Ch. 96 1/2, par. 7408
20 ILCS 1105/8.1 new
20 ILCS 1105/8.2 new
35 ILCS 105/9 from Ch. 120, par. 439.9
35 ILCS 110/9 from Ch. 120, par. 439.39
35 ILCS 115/9 from Ch. 120, par. 439.109
35 ILCS 120/3 from Ch. 120, par. 442
Amends the Use Tax Act, the Service Use Tax Act, the
Service Occupation Tax Act, and the Retailers' Occupation Tax
Act. Provides that money received under those Acts as taxes
on the sale of coal shall be deposited into the Illinois Coal
Resurgence Fund. Amends the State Finance Act to create the
Fund. Amends the Energy Conservation and Coal Development
Act to provide that the Department of Commerce and Community
Affairs, with approval of the Coal Development Board, subject
to appropriation by the General Assembly, shall administer
the Fund and fund projects by making grants or low-interest
long-term loans to assist in reopening closed Illinois coal
mines, keeping existing coal mines operating, developing new
markets for Illinois coal, funding the shipping of Illinois
coal to new markets, constructing and opening coal conversion
parks in Illinois, and providing incentives to attract new
businesses that use coal or coal byproducts to relocate in
Illinois. Effective immediately.
LRB9001867KDpk
SB524 Engrossed LRB9001867KDpk
1 AN ACT in relation to natural resources.
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 adding Section 8.1 as follows:
6 (20 ILCS 1105/8.1 new)
7 Sec. 8.1. The Illinois Coal Resurgence Program. The
8 Department shall administer the Illinois Coal Resurgence
9 Program. The Department shall have the following powers in
10 accordance with Section 7 of the General Obligation Bond Act:
11 (1) To assist in the reopening of closed Illinois
12 mines.
13 (2) To assist in allowing existing Illinois coal
14 mines to remain operating.
15 (3) To assist in developing new markets (both
16 domestic and foreign) for Illinois coal.
17 (4) To assist in funding the cost of transportation
18 of Illinois coal to new markets and the development of
19 related infrastructure.
20 (5) To assist in funding the cost of construction
21 and development of coal conversion parks in Illinois.
22 (6) To assist in providing incentives to attract
23 new businesses that use coal or by-products developed
24 from coal or its conversion to relocate in Illinois.
25 (7) To assist in hiring consultants, engineers, and
26 other experts to assist in providing feasibility work in
27 connection with projects whose funding would otherwise be
28 authorized under this Act.
29 Section 10. The General Obligation Bond Act is amended
30 by changing Section 7 as follows:
SB524 Engrossed -2- LRB9001867KDpk
1 (30 ILCS 330/7) (from Ch. 127, par. 657)
2 Sec. 7. Coal and Energy Development. The amount of
3 $160,000,000 is authorized to be used by the Department of
4 Commerce and Community Affairs for coal and energy
5 development purposes, pursuant to Sections 2, 3 and 3.1 of
6 the Illinois Coal and Energy Development Bond Act, and for
7 the purposes specified in Section 8.1 of the Energy
8 Conservation and Coal Development Act. Of this amount
9 $115,000,000 is for the specific purposes of acquisition,
10 development, construction, reconstruction, improvement,
11 financing, architectural and technical planning and
12 installation of capital facilities consisting of buildings,
13 structures, durable equipment, and land for the purpose of
14 capital development of coal resources within the State and
15 for the purposes specified in Section 8.1 of the Energy
16 Conservation and Coal Development Act, $35,000,000 is for the
17 purposes specified in Section 8.1 of the Energy Conservation
18 and Coal Development Act and making a grant to the owner of a
19 generating station located in Illinois and having at least
20 three coal-fired generating units with accredited summer
21 capability greater than 500 megawatts each at such generating
22 station as provided in Section 6 of that Bond Act and
23 $10,000,000 is for research, development and demonstration of
24 forms of energy other than that derived from coal, either on
25 or off State property.
26 (Source: P.A. 88-472; 89-445, eff. 2-7-96.)
27 Section 99. Effective date. This Act takes effect upon
28 becoming law.