HB3975 - 104th General Assembly
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| 1 | AN ACT concerning State government. | |||||||||||||||||||
| 2 | Be it enacted by the People of the State of Illinois, | |||||||||||||||||||
| 3 | represented in the General Assembly: | |||||||||||||||||||
| 4 | Section 5. The Energy Conservation and Coal Development | |||||||||||||||||||
| 5 | Act is amended by changing Section 10 as follows: | |||||||||||||||||||
| 6 | (20 ILCS 1105/10) (from Ch. 96 1/2, par. 7410) | |||||||||||||||||||
| 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 | |||||||||||||||||||
| 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. | |||||||||||||||||||
| 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. | |||||||||||||||||||
| 21 | (c) The percentage of the total project costs the State is | |||||||||||||||||||
| 22 | asked to finance. Weight shall be given to projects which | |||||||||||||||||||
| 23 | maximize the use of private funds or funds from other public | |||||||||||||||||||
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| 1 | sources. | ||||||
| 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. | ||||||
| 6 | (Source: P.A. 84-111; 84-1070.) | ||||||
