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    AN ACT concerning economic development.

 
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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 1. Short title. This Act may be cited as the Carbon 
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Capture and Sequestration Legislation Commission Act.
 
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    Section 5. Definitions. As used in this Act:
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    "CO2" means carbon dioxide.
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    "Commission" means the Carbon Capture and Sequestration 
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Legislation Commission.
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    "Director" means the Director of the Illinois Power Agency.

 
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    Section 10. Creation of the  Carbon Capture and 
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Sequestration Legislation Commission.
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    (a) The Carbon Capture and Sequestration Legislation 
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Commission is created and  shall consist of 11 members, 
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including the Director, who shall serve as the ex-officio 
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chairperson of the Commission.
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    (b) The remaining 10 members of the Commission shall be 
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appointed as follows:
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        (1) one member shall be appointed by the Speaker of the 
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    House of Representatives;
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        (2) one member shall be appointed by the President of 
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    the Senate;
 


 






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        (3) one member shall be appointed by the Minority 
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    Leader of the House of Representatives;
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        (4) one member shall be appointed by the Minority 
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    Leader of the Senate;
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        (5) one member shall be the Chairperson of the Illinois 
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    Commerce Commission, or his or her designee; and
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        (5) 5 members shall be appointed by the Governor.
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    (c) The appointments made by the Governor shall include one 
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member with legal expertise, one member with engineering 
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expertise, one member with financial expertise, one member 
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representing the employer community, and one member 
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representing the environmental community.
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    (d) The Director may retain services from outside parties 
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with legal, engineering, and financial expertise to assist the 
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Commission in carrying out its duties.
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    (e) The Illinois Commerce Commission may assist the 
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Director in staffing and administering the Commission.
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    (f) Commission members are not eligible to receive 
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compensation or reimbursement of expenses.

 
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    Section 15. Report on carbon capture and sequestration 
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legislation. 
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    (a) The Commission shall file a report no later than

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December 31, 2010 with the General Assembly on all issues 
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deemed appropriate to carbon capture and sequestration 
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legislation, including, but not limited to, the following:
 


 






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        (1) Ownership of the CO2.
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        (2) Liability for release of CO2.
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        (3) Acquisition and ownership of pore space.
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        (4) Procedures and safeguards for the transportation 
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    and sequestration of CO2.
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        (5) Methodology to establish any necessary fees,
   
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    costs, or offsets.
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        (6) Potential use of CO2.
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        (7) Construction of pipelines.
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        (8) Coordination with applicable federal law or 
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    regulatory commissions.
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    (b) The Commission shall be abolished upon filing its 
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report with the General Assembly.
 
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    Section 20. Repealer. This Act is repealed on January 1, 
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2011.

 

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    Section 99. Effective date. This Act takes effect upon 
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becoming law.