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| Public Act 096-1465 | ||||
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AN ACT concerning finance.
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Be it enacted by the People of the State of Illinois,
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represented in the General Assembly:
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Section 5. The Illinois Coal and Energy Development Bond | ||||
Act is amended by changing Section 6 as follows: | ||||
(20 ILCS 1110/6) (from Ch. 96 1/2, par. 4106) | ||||
Sec. 6. The Department of Commerce and Economic Opportunity | ||||
is authorized to use general obligation bond funds for the | ||||
purposes of issuing grants in accordance with this Act and the | ||||
General Obligation Bond Act. The Department of Commerce and | ||||
Economic Opportunity is
authorized to use $120,000,000 for the | ||||
purposes specified in this Act. These
funds shall be expended | ||||
only for a grant to
the owner of a generating station located | ||||
in Illinois and having at least
three coal-fired generating | ||||
units with accredited summer capacity greater
than 500 | ||||
megawatts each at such generating station as specifically
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authorized by this paragraph. Notwithstanding any of the other | ||||
provisions of
this Act, in considering the approval of projects | ||||
to be funded under this Act,
the Department of Commerce and | ||||
Economic Opportunity shall give
special consideration to | ||||
projects which are designed to remove sulfur and
other | ||||
pollutants in the preparation and utilization of coal, and in | ||||
the use
and operation of electric utility generating plants and | ||||
industrial
facilities which utilize Illinois coal as their | ||
primary source of fuel.
The Department of Commerce and | ||
Community Affairs (now Department of Commerce and Economic | ||
Opportunity) is directed to
enter into a contract with the | ||
owner of a generating station located in
Illinois and having at | ||
least three coal-fired generating units with
accredited summer | ||
capability greater than 500 megawatts each at such
generating | ||
station for a grant of $35,000,000 to be made by the State of
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Illinois to such owner to be used to pay costs of designing, | ||
acquiring,
constructing, installing and testing facilities to | ||
reduce sulfur dioxide
emissions at one such generating unit to | ||
allow that unit to meet the
requirements of the Federal Clean | ||
Air Act Amendments of 1990 (P.L. 101-549)
while continuing to | ||
use coal mined in Illinois as its source of fuel. | ||
(Source: P.A. 94-793, eff. 5-19-06.) | ||
Section 10. The General Obligation Bond Act is amended by | ||
changing Section 7 as follows: | ||
(30 ILCS 330/7) (from Ch. 127, par. 657) | ||
Sec. 7. Coal and Energy Development. The amount of | ||
$698,200,000 is
authorized to be used by the Department of | ||
Commerce and Economic Opportunity (formerly Department of | ||
Commerce and Community Affairs) for
coal and energy development | ||
purposes, pursuant to Sections 2, 3 and 3.1 of the
Illinois | ||
Coal and Energy Development Bond Act, for the purposes
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specified
in Section 8.1 of the Energy Conservation and Coal | ||
Development Act, for
the purposes specified in Section 605-332 | ||
of the Department of Commerce and
Economic Opportunity Law of | ||
the Civil Administrative Code of Illinois, and for the purpose | ||
of facility cost reports prepared pursuant to Sections 1-58 | ||
1-56 or 1-75(d)(4) of the Illinois Power Agency Act and for the | ||
purpose of development costs pursuant to Section 8.1 of the | ||
Energy Conservation and Coal Development Act. Of this
amount: | ||
(a) $115,000,000 is
for the specific purposes of | ||
acquisition,
development, construction, reconstruction, | ||
improvement, financing,
architectural and technical planning | ||
and installation of capital facilities
consisting of | ||
buildings, structures, durable equipment, and land for the
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purpose of capital development of coal resources within the | ||
State and for the
purposes specified in Section 8.1 of the | ||
Energy Conservation and Coal
Development Act; | ||
(b) $35,000,000 is for the purposes specified in Section | ||
8.1 of the
Energy
Conservation and Coal Development Act and | ||
making grants a grant to generating stations and coal | ||
gasification facilities within the State of Illinois and to the | ||
owner of a
generating station
located in Illinois and having at | ||
least three coal-fired generating units
with accredited summer | ||
capability greater than 500 megawatts each at such
generating | ||
station as provided in Section 6 of that Bond Act; | ||
(c) $13,200,000 is for research, development and | ||
demonstration
of forms of energy
other than that derived from | ||
coal, either on or off State property; | ||
(d) $500,000,000 is for the purpose of providing financial | ||
assistance to
new
electric generating facilities as provided in | ||
Section 605-332 of the Department
of Commerce and Economic | ||
Opportunity Law of the Civil Administrative Code of
Illinois; | ||
and | ||
(e) $35,000,000 is for the purpose of facility cost reports | ||
prepared for not more than one facility pursuant to Section | ||
1-75(d)(4) of the Illinois Power Agency Act and not more than | ||
one facility pursuant to Section 1-58 1-56 of the Illinois | ||
Power Agency Act and for the purpose of up to $6,000,000 of | ||
development costs pursuant to Section 8.1 of the Energy | ||
Conservation and Coal Development Act. | ||
(Source: P.A. 95-1026, eff. 1-12-09; 96-781, eff. 8-28-09; | ||
revised 10-13-09.)
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Section 99. Effective date. This Act takes effect upon | ||
becoming law.
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