Bill Text: IL SB3000 | 2013-2014 | 98th General Assembly | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Creates the Natural Resource Restoration Trust Fund Act. Creates the Illinois Natural Resource Restoration Trust Fund in the State Treasury to receive deposits of moneys available from or intended for the investigation, assessment, restoration, or replacement of injured or damaged natural resources resulting from claims pursued under the laws of the United States, this State, or other statutory or common law. Authorizes the use of the Fund by the Department of Natural Resources for specified purposes. Amends the State Finance Act. Creates the Natural Resource Restoration Trust Fund. Effective immediately.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Passed) 2014-08-19 - Public Act . . . . . . . . . 98-1010 [SB3000 Detail]

Download: Illinois-2013-SB3000-Introduced.html

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98TH GENERAL ASSEMBLY State of Illinois 2013 and 2014 SB3000 Introduced 2/7/2014, by Sen. Daniel Biss SYNOPSIS AS INTRODUCED:
New Act
30 ILCS 105/5.855 new
Creates the Natural Resource Restoration Trust Fund Act. Creates the Illinois Natural Resource Restoration Trust Fund in the State Treasury to receive deposits of moneys available from or intended for the investigation, assessment, restoration, or replacement of injured or damaged natural resources resulting from claims pursued under the laws of the United States, this State, or other statutory or common law. Authorizes the use of the Fund by the Department of Natural Resources for specified purposes. Amends the State Finance Act. Creates the Natural Resource Restoration Trust Fund. Effective immediately.
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A BILL FOR
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AN ACT concerning State government.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 1. Short title. This Act may be cited as the
Natural Resource Restoration Trust Fund Act.
Section 5. Definitions. As used in this Act:
"Department" means the Department of Natural Resources.
"Director" means the Director of Natural Resources.
"Fund" means the Illinois Natural Resource Restoration
Trust Fund created in Section 10 of this Act.
Section 10. The Natural Resource Restoration Trust Fund.
(a) There is hereby created in the State Treasury the
Illinois Natural Resource Restoration Trust Fund to receive
deposits of moneys available from or intended for the
investigation, assessment, restoration, or replacement of
injured or damaged natural resources resulting from claims
pursued under the laws of the United States, this State, or
other statutory or common law. The fund may receive deposits of
moneys made available from any other source. All moneys in the
fund are to be invested and reinvested by the State Treasurer.
All interest accruing from these investments shall be deposited
in the fund. Moneys received through settlement or litigation

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of claims for injured natural resources and directed at the
restoration, rehabilitation, replacement, or the acquisition
of the equivalent of injured natural resources and the benefits
they provide, shall be available for those uses until the funds
are expended. Moneys deposited in the fund may be invested in
securities constituting direct obligations of the United
States Government, obligations the principal of and interest on
which are guaranteed by the United States Government, or in
certificates of deposit of any State or national bank that are
fully secured by obligations guaranteed by the United States
Government.
(b) All moneys deposited into the fund shall be used by the
Department of Natural Resources to:
(1) Take necessary or appropriate action to
investigate and assess the nature and extent of injuries or
damage to Illinois natural resources and the benefits they
provide.
(2) Take necessary or appropriate action to restore,
rehabilitate, replace, or acquire the equivalent of
injured or damaged natural resources and the benefits they
provide.
(3) Meet any requirements which must be met by the
State in order to obtain federal funds, or any other funds,
to address injury or damage to natural resources.
(4) Pay for the cost of Department personnel,
contractual, professional, or technical services to review

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or perform natural resource injury or damage assessments,
natural resource restoration or replacement actions,
environmental or ecological risk assessments,
environmental impact assessment actions, or other
activities related to environmental contamination of real
property.
(5) Administer the provisions of this Section.
(c) The General Assembly shall annually appropriate to the
fund such amounts as it deems necessary to fulfill the purposes
of this Section.
(d) The Department may accept, receive, and administer on
behalf of the State any moneys made available to the State from
any source for the purposes set forth in this Section. These
moneys may be in addition to any other funds otherwise
appropriated to the Department for similar purposes. Interest
or income earned on moneys deposited into the fund shall be
retained in the fund to be used by the Department pursuant to
the provisions of this Section.
Section 900. The State Finance Act is amended by adding
Section 5.855 as follows:
(30 ILCS 105/5.855 new)
Sec. 5.855. The Natural Resource Restoration Trust Fund.
Section 999. Effective date. This Act takes effect upon
becoming law.