HB5397 EngrossedLRB103 38785 RTM 68922 b

1    AN ACT concerning regulation.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Illinois Petroleum Education and Marketing
5Act 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7    (Section scheduled to be repealed on January 1, 2028)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
10Resources Board, which shall be subject to the provisions of
11the Regulatory Sunset Act. The purpose of the Board is to
12coordinate a program designed to demonstrate to the general
13public the importance of the Illinois oil and gas exploration
14and production industry, to encourage the wise and efficient
15use of energy, to promote environmentally sound production
16methods and technologies, to develop existing supplies of
17State oil and gas resources, to support research and
18educational activities concerning the oil and gas exploration
19and production industry, and to support oilfield environmental
20remediation and restoration activities.
21    (b) The Board shall be composed of 12 members to be
22appointed as follows:
23        (1) Through December 31, 2006, the Governor shall make

 

 

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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
12of the initial appointments, 4 members shall serve for one
13year, 4 members for 2 years, and 4 members for 3 years.
14Beginning July 1, 2024, no member shall be appointed to a term
15that would cause the member to exceed 9 years of total service
16on the Board, unless approved by a two-thirds majority vote of
17the members of the qualified producer association's executive
18committee who are present and voting.
19    (e) Vacancies shall be filled for the unexpired term of
20office in the same manner as the original appointment.
21    (f) The Board shall, at its first meeting, elect one of its
22members as chairperson, who shall preside over meetings of the
23Board and perform other duties that may be required by the
24Board. The first meeting of the Board shall be called by the
25Governor.
26    (g) No member of the Board shall receive a salary or

 

 

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1reimbursement for duties performed as a member of the Board,
2except that members are eligible to receive reimbursement for
3travel expenses incurred in the performance of Board duties.
4(Source: P.A. 100-220, eff. 8-18-17.)
 
5    Section 99. Effective date. This Act takes effect upon
6becoming law.