|
| | HB5397 Engrossed | | LRB103 38785 RTM 68922 b |
|
|
| 1 | | AN ACT concerning regulation.
|
| 2 | | Be it enacted by the People of the State of Illinois, |
| 3 | | represented in the General Assembly:
|
| 4 | | Section 5. The Illinois Petroleum Education and Marketing |
| 5 | | Act is amended by changing Section 10 as follows:
|
| 6 | | (225 ILCS 728/10) |
| 7 | | (Section scheduled to be repealed on January 1, 2028) |
| 8 | | Sec. 10. Illinois Petroleum Resources Board. |
| 9 | | (a) There is hereby created the Illinois Petroleum |
| 10 | | Resources Board, which shall be subject to the provisions of |
| 11 | | the Regulatory Sunset Act. The purpose of the Board is to |
| 12 | | coordinate a program designed to demonstrate to the general |
| 13 | | public the importance of the Illinois oil and gas exploration |
| 14 | | and production industry, to encourage the wise and efficient |
| 15 | | use of energy, to promote environmentally sound production |
| 16 | | methods and technologies, to develop existing supplies of |
| 17 | | State oil and gas resources, to support research and |
| 18 | | educational activities concerning the oil and gas exploration |
| 19 | | and production industry, and to support oilfield environmental |
| 20 | | remediation and restoration activities. |
| 21 | | (b) The Board shall be composed of 12 members to be |
| 22 | | appointed as follows: |
| 23 | | (1) Through December 31, 2006, the Governor shall make |
|
| | HB5397 Engrossed | - 2 - | LRB103 38785 RTM 68922 b |
|
|
| 1 | | appointments from a list of names submitted by qualified |
| 2 | | producer associations, of which 10 shall be oil and gas |
| 3 | | producers. |
| 4 | | (2) Beginning January 1, 2007, all appointments shall |
| 5 | | be made by the qualified producer associations. |
| 6 | | (c) A member of the Board shall: |
| 7 | | (1) be at least 25 years of age; |
| 8 | | (2) be a resident of the State of Illinois; and |
| 9 | | (3) have at least 5 years of active experience in the |
| 10 | | oil industry. |
| 11 | | (d) Members shall serve for a term of 3 years, except that |
| 12 | | of the initial appointments, 4 members shall serve for one |
| 13 | | year, 4 members for 2 years, and 4 members for 3 years. |
| 14 | | Beginning July 1, 2024, no member shall be appointed to a term |
| 15 | | that would cause the member to exceed 9 years of total service |
| 16 | | on the Board, unless approved by a two-thirds majority vote of |
| 17 | | the members of the qualified producer association's executive |
| 18 | | committee who are present and voting. |
| 19 | | (e) Vacancies shall be filled for the unexpired term of |
| 20 | | office in the same manner as the original appointment. |
| 21 | | (f) The Board shall, at its first meeting, elect one of its |
| 22 | | members as chairperson, who shall preside over meetings of the |
| 23 | | Board and perform other duties that may be required by the |
| 24 | | Board. The first meeting of the Board shall be called by the |
| 25 | | Governor. |
| 26 | | (g) No member of the Board shall receive a salary or |