Bill Text: IL HB1623 | 2021-2022 | 102nd General Assembly | Introduced
Bill Title: Amends the Energy Conservation and Coal Development Act. Makes a technical change in a Section concerning the evaluation of loan applications.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2021-04-23 - Rule 19(a) / Re-referred to Rules Committee [HB1623 Detail]
Download: Illinois-2021-HB1623-Introduced.html
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| 1 | AN ACT concerning State government.
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| 2 | Be it enacted by the People of the State of Illinois, | |||||||||||||||||||
| 3 | represented in the General Assembly:
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| 4 | Section 5. The Energy Conservation and Coal Development | |||||||||||||||||||
| 5 | Act is amended by changing Section 10 as follows:
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| 6 | (20 ILCS 1105/10) (from Ch. 96 1/2, par. 7410)
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| 7 | Sec. 10. Evaluation of loan applications.
The
The | |||||||||||||||||||
| 8 | Department shall evaluate applications for loans and make
such | |||||||||||||||||||
| 9 | evaluations available to the Illinois Coal
Development Board. | |||||||||||||||||||
| 10 | Evaluation of the loan applications
shall be based on, but not | |||||||||||||||||||
| 11 | limited to, the following
criteria: | |||||||||||||||||||
| 12 | (a) The length of time applicants will commit to using | |||||||||||||||||||
| 13 | Illinois coal in
the facility which is modified,
acquired or | |||||||||||||||||||
| 14 | constructed as a result of the project. The applicant must
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| 15 | agree to use Illinois coal for at least the life of the loan as | |||||||||||||||||||
| 16 | a condition
of such loan. Weight shall be given for longer | |||||||||||||||||||
| 17 | commitments.
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| 18 | (b) The total amount of Illinois coal used. Weight
shall | |||||||||||||||||||
| 19 | be given
to projects using larger amounts of Illinois coal | |||||||||||||||||||
| 20 | over the life of the loan.
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| 21 | (c) The percentage of the total project costs the
State is | |||||||||||||||||||
| 22 | asked to finance. Weight shall be given to projects which
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| 23 | maximize the use of private funds or funds from other public | |||||||||||||||||||
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| 1 | sources.
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| 2 | (d) The technical merits of the project, including but not | ||||||
| 3 | limited to,
the effectiveness of the prepared coal-use system | ||||||
| 4 | in controlling emissions
of sulfur dioxide and other | ||||||
| 5 | pollutants.
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| 6 | (Source: P.A. 84-111; 84-1070.)
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