102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
SB3114
 
Introduced 1/11/2022, by Sen. Dale Fowler - Sue Rezin
 
SYNOPSIS AS INTRODUCED:
 

 
20 ILCS 3855/1-129 new
30 ILCS 105/5.970 new

     Amends the Illinois Power Agency Act. Provides that the Carbon Capture Infrastructure Fund is created as a special fund in the State treasury and shall be administered by the Illinois Power Agency. Provides that $10,000,000 shall be transferred from the Illinois Power Agency Renewable Energy Resources Fund to the Carbon Capture Infrastructure Fund. Provides that the Agency shall award grants from the fund to carbon producing power plants for the construction of new carbon capture storage systems. Amends the State Finance Act to creates the Carbon Capture Infrastructure Fund.
  


LRB102 22490 SPS 31630 b

 
 
A BILL FOR
 

  
SB3114LRB102 22490 SPS 31630 b


  
1    AN ACT concerning State government.
  
 
2    Be it enacted by the People of the State of Illinois,
 
3represented in the General Assembly:
  
 
 
4    Section 5. The Illinois Power Agency Act is amended  by 
5adding Section 1-129 as follows:
 
6    (20 ILCS 3855/1-129 new)
7    Sec. 1-129. Carbon Capture Infrastructure Fund.
8    (a) The Carbon Capture Infrastructure Fund is created as a 
9special fund in the State treasury.
10    (b) The Carbon Capture Infrastructure Fund shall be 
11administered by the Agency to award grants for the 
12construction of new carbon capture storage systems.
13    (c) As soon as practicable after the effective date of 
14this amendatory Act of the 102nd General Assembly, $10,000,000 
15shall be transferred from the Illinois Power Agency Renewable 
16Energy Resources Fund to the Carbon Capture Infrastructure 
17Fund.
18    (d) The Agency shall award grants from the Carbon Capture 
19Infrastructure Fund to carbon producing power plants in 
20Illinois for the construction of new carbon capture storage 
21systems.
22    (e) The Agency shall adopt rules to implement this 
23Section. 
 
 
 
SB3114- 2 -LRB102 22490 SPS 31630 b

1    Section 10. The State Finance Act is amended  by adding 
2Section 5.970 as follows:
 
3    (30 ILCS 105/5.970 new)
4    Sec. 5.970. The Carbon Capture Infrastructure Fund.