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| 1 | | reduction. |
| 2 | | (5) Soil health principles reduce carbon dioxide in |
| 3 | | the atmosphere through sequestration of carbon within the |
| 4 | | upper soil profile. This process improves organic matter |
| 5 | | content, provides a stable biome for soil organisms, |
| 6 | | improves nutrient transfer from soil to root, and |
| 7 | | increases water infiltration and water-holding capacity. |
| 8 | | (6) It is imperative that the State of Illinois |
| 9 | | actively raise awareness of the importance of soil health |
| 10 | | and promote its stewardship to safeguard this resource for |
| 11 | | future generations of Illinois citizens. |
| 12 | | (b) There is created the Fall Covers for Spring Savings |
| 13 | | Program within the Department of Agriculture. This program |
| 14 | | shall be the successor program of any program currently in |
| 15 | | place that offers crop insurance discounts for cover crop |
| 16 | | incorporation. The program shall offer a crop insurance policy |
| 17 | | premium discount of up to $5 per acre for every acre planted in |
| 18 | | cover crop in a calendar year that is insured in the following |
| 19 | | calendar year for crop production. For every $5 expenditure |
| 20 | | that is made under this Program, the Department shall grant $1 |
| 21 | | to Soil and Water Conservation Districts in the State. |
| 22 | | (c) There is created in the State treasury a special fund |
| 23 | | to be known as the Cover Crop Insurance Premium Discount Fund |
| 24 | | for the purpose of receiving and distributing money in |
| 25 | | accordance with this Section. Disbursements from the Fund |
| 26 | | shall be made in accordance with this Section, including for |
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| 1 | | the Fall Covers for Spring Savings Program and the grants to |
| 2 | | Soil and Water Conservation Districts under subsection (b), |
| 3 | | for any other expenditure or distribution under this Section, |
| 4 | | and for no other purpose. In addition to any other amounts |
| 5 | | deposited into the Fund through action by the General |
| 6 | | Assembly, there shall be deposited into the Fund any residual |
| 7 | | federal funds that can be used for the purpose of the Program |
| 8 | | and all moneys donated to the State by private individuals or |
| 9 | | entities for the purposes for which the moneys in the Fund may |
| 10 | | be used. |
| 11 | | (d) The number of acres receiving the discount under the |
| 12 | | Program under this Section shall be limited only by available |
| 13 | | funding from State, federal, and private sources contained in |
| 14 | | the Cover Crop Insurance Premium Discount Fund. |
| 15 | | (e) The Department may use a portion of funding allocated |
| 16 | | to the Cover Crop Insurance Premium Discount Fund for the |
| 17 | | purpose of administering the provisions of this Section. |
| 18 | | (f) The application period for receiving the crop |
| 19 | | insurance premium discount shall commence the first week of |
| 20 | | December and continue through the end of January of the |
| 21 | | following calendar year or until available funds are depleted, |
| 22 | | whichever comes first. The Department may change the |
| 23 | | application period by rule. |
| 24 | | (g) Premium discounts shall be awarded from available |
| 25 | | funds on a first-come, first-served basis. |
| 26 | | (h) Applicants to the program shall submit Farm Service |
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| 1 | | Agency Form 578, Report on Acreage, or its successor document, |
| 2 | | the crop insurance policy number, the field, farm, tract, |
| 3 | | common land unit numbers, and field acres seeded in cover |
| 4 | | crops the previous year. The Department may change applicant |
| 5 | | submission requirements by rule. |
| 6 | | (i) Applicants shall maintain documentation of cover crop |
| 7 | | utilization, including, but not limited to, seeding dates, |
| 8 | | appropriate seeding rates, and seed mix. The Department may |
| 9 | | contact applicants to clarify information contained in any |
| 10 | | application. The Department may change applicant documentation |
| 11 | | requirements by rule. |
| 12 | | (j) The Department may not consider the participation of |
| 13 | | the applicant in any federal or private program concerning |
| 14 | | conservation, nutrient loss, or carbon sequestration when |
| 15 | | considering applicants and their applications for |
| 16 | | participation in the program. |
| 17 | | (k) The Department shall adopt rules implementing and |
| 18 | | administering this Section. |
| 19 | | Section 10. The State Finance Act is amended by adding |
| 20 | | Section 5.1038 as follows: |
| 21 | | (30 ILCS 105/5.1038 new) |
| 22 | | Sec. 5.1038. The Cover Crop Insurance Premium Discount |
| 23 | | Fund. |