92nd General Assembly
Summary of HB5729
   [ Home ]   [ Back ]   [ Legislation ]
Please enter a bill number.

 Full Text  Bill Status
House Sponsors:

Short description: 
AG-FARM PRODUCTS ECON DEVELOP                                              

Synopsis of Bill as introduced:
        Creates the Farm Products  Economic  Development  Act.  Provides       
   that  the Director of Agriculture shall make cash payments to Illinois      
   grain processors that  use  corn  to  make  ethyl  alcohol  and  other      
   products.   Sets the amount of payment at 30 cents per bushel for each      
   bushel used in a grain-processing center that began  production  after      
   January  1,  2002.  Provides that payments may be made only during the      
   first 5 years  of  operation.   Establishes  a  claims  procedure  and      
   requires  audits  of  the  claims  made.   Requires  the Department of      
   Agriculture to promulgate emergency and permanent rules  to  implement      
   the  Act.   Provides  that  the Act is repealed on January 1, 2011, at      
   which time the remaining  unobligated  balance  shall  revert  to  the      
   General Revenue Fund.  Makes other provisions.  Effective immediately.      
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


 Full Text  Bill Status