O'DANIEL AND LUECHTEFELD.
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
January 1, 2008, the scheduled sunset date for the Act. Effective
Last action on Bill: PUBLIC ACT.............................. 92-0610
Last action date: JUL-01-2002
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0
END OF INQUIRY
Full Text Bill Status