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94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006
HB1614
Introduced 2/14/2005, by Rep. Michael J. Madigan - Barbara Flynn Currie - Thomas Holbrook SYNOPSIS AS INTRODUCED:
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20 ILCS 1105/10 |
from Ch. 96 1/2, par. 7410 |
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Amends the Energy Conservation and Coal Development Act. Makes a technical
change in a Section concerning the evaluation of loan applications.
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A BILL FOR
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HB1614 |
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LRB094 02880 RSP 32881 b |
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| AN ACT concerning State government.
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| Be it enacted by the People of the State of Illinois, |
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| represented in the General Assembly:
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| Section 5. The Energy Conservation and Coal Development Act |
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| is amended by changing Section 10 as follows:
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| (20 ILCS 1105/10) (from Ch. 96 1/2, par. 7410)
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| Sec. 10. Evaluation of loan applications.
The
The
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| Department shall evaluate applications for loans and make
such |
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| evaluations available to the Illinois Coal
Development Board. |
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| Evaluation of the loan applications
shall be based on, but not |
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| limited to, the following
criteria: |
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| (a) The length of time applicants will commit to using |
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| Illinois coal in
the facility which is modified,
acquired or |
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| constructed as a result of the project. The applicant must
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| agree to use Illinois coal for at least the life of the loan as |
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| a condition
of such loan. Weight shall be given for longer |
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| commitments.
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| (b) The total amount of Illinois coal used. Weight
shall be |
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| given
to projects using larger amounts of Illinois coal over |
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| the life of the loan.
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| (c) The percentage of the total project costs the
State is |
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| asked to finance. Weight shall be given to projects which
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| maximize the use of private funds or funds from other public |
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| sources.
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| (d) The technical merits of the project, including but not |
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| limited to,
the effectiveness of the prepared coal-use system |
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| in controlling emissions
of sulfur dioxide and other |
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| pollutants.
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| (Source: P.A. 84-111; 84-1070.)
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