PETRO RESOURCE BD ASSESSMENT
Synopsis of Bill as introduced:
Amends the Illinois Petroleum Education and Marketing Act.
Provides that assessments to fund the Illinois Petroleum Resources
Board shall be imposed on persons who own an interest in the gross
production of oil or gas produced from a well in Illinois rather than
from a person who derives the majority of his or her income from a
working interest or who produces oil and gas. Provides for the
continued existence of the Illinois Petroleum Resources Board until
July 1, 2008 rather than July 1, 2002. Effective immediately.
Last action on Bill: SESSION SINE DIE
Last action date: JAN-07-2003
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0
END OF INQUIRY
Full Text Bill Status