Illinois General Assembly - Bill Status for HB2866
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 Bill Status of HB2866  93rd General Assembly


House Sponsors
Rep. Dan Reitz - Kurt M. Granberg - John Philip Novak - Mike Bost - Ron Stephens, Brandon W. Phelps, Michael K. Smith, Thomas Holbrook, Gary Hannig, Gary Forby, Rich Brauer and William B. Black

Senate Sponsors
(Sen. Vince Demuzio)

Last Action
DateChamber Action
  7/10/2003HousePublic Act . . . . . . . . . 93-0167

Statutes Amended In Order of Appearance
20 ILCS 1105/8from Ch. 96 1/2, par. 7408
20 ILCS 1110/2from Ch. 96 1/2, par. 4102
30 ILCS 330/2from Ch. 127, par. 652
30 ILCS 330/7from Ch. 127, par. 657
30 ILCS 330/13from Ch. 127, par. 663

Synopsis As Introduced
Creates the Illinois Coal Mining and Electric Generation Act. Provides that the goal of the Act is to provide partial financing for the construction of new electric generating facilities in Illinois. Amends the Energy Conservation and Coal Development Act. Provides that new power generation shall be included in the strategies and recommendations made by the Illinois Coal Development Board concerning the promotion of environmentally responsible uses of Illinois coal for meeting electric power supply requirements. Amends the Illinois Coal and Energy Development Bond Act to provide that "coal" and "coal resources" include coal, a coal product or by-product, including the generation of electricity and synthetic fuels (now, including electricity and synthetic fuels). Amends the General Obligation Bond Act. Increases bonding authority by $500,000,000 for the purpose of partially financing new coal burning electric generating facility projects that use Illinois coal and are sited adjacent to Illinois coal mines. Effective July 1, 2003.

House Committee Amendment No. 1
Deletes reference to:
20 ILCS 1105/8
20 ILCS 1110/2
30 ILCS 330/2
30 ILCS 330/7
30 ILCS 330/13

Deletes everything except the short title of the Illinois Coal Mining and Electric Generation Act.

House Floor Amendment No. 2
Adds reference to:
20 ILCS 605/605-332
20 ILCS 3505/7.90

Deletes everything after the enacting clause. Amends the Department of Commerce and Community Affairs Law of the Civil Administrative Code of Illinois. With respect to a business seeking qualification for financial assistance for a new electric generating facility, provides that projections provided by the business shall be independently verified and that the application may state the projected occupation and use taxes on Illinois-mined coal. Requires an eligible business to demonstrate a revenue stream sufficient to service debt on bonds issued. Provides that, subject to the provisions of the agreement covering the financial assistance, a portion of the financial assistance may be required to be repaid to the State if certain conditions for the governmental purpose of the assistance were not met. Makes other changes. Amends the Illinois Development Finance Authority Act. Provides that the Authority may issue additional Clean Coal and Energy bonds in an aggregate principal amount that may not exceed $300,000,000. Makes provision for submission by the Governor to the General Assembly, upon certification by the Authority, of (i) the amount of any deficiency in funds available for the payment of the principal, premium, if any, and interest falling due on these bonds and (ii) the amount withdrawn from a debt service reserve fund established with respect an issue or issues of these bonds. Effective July 1, 2003.

 Fiscal Note (H-AM 2) (Dept of Commerce and Community Affairs)
 House Bill 2866 with House Amendment 2 is estimated to have no fiscal impact on the Department of Commerce and Community Affairs. This fiscal note does not address the impact of this legislation on the Illinois Development Finance Authority or the overall state budget.

DateChamber Action
  2/21/2003HouseFiled with the Clerk by Rep. Dan Reitz
  2/21/2003HouseChief Co-Sponsor Rep. Kurt M. Granberg
  2/21/2003HouseChief Co-Sponsor Rep. John Philip Novak
  2/21/2003HouseFirst Reading
  2/21/2003HouseReferred to Rules Committee
  2/26/2003HouseAssigned to Environment and Energy Committee
  3/13/2003HouseHouse Committee Amendment No. 1 Filed with Clerk by Environment and Energy Committee
  3/13/2003HouseHouse Committee Amendment No. 1 Adopted in Environment and Energy Committee; by Voice Vote
  3/13/2003HouseDo Pass as Amended / Short Debate Environment and Energy Committee; 015-000-000
  3/13/2003HousePlaced on Calendar 2nd Reading - Short Debate
  3/26/2003HouseAdded Chief Co-Sponsor Rep. Gary Forby
  3/26/2003HouseAdded Chief Co-Sponsor Rep. Mike Bost
  3/26/2003HouseAdded Co-Sponsor Rep. Brandon W. Phelps
  3/26/2003HouseAdded Co-Sponsor Rep. Michael K. Smith
  3/26/2003HouseAdded Co-Sponsor Rep. Thomas Holbrook
  3/27/2003HouseAdded Co-Sponsor Rep. Gary Hannig
  3/28/2003HouseHouse Floor Amendment No. 2 Filed with Clerk by Rep. Dan Reitz
  3/28/2003HouseHouse Floor Amendment No. 2 Referred to Rules Committee
  4/2/2003HouseHouse Floor Amendment No. 2 Rules Refers to Environment and Energy Committee
  4/2/2003HouseSecond Reading - Short Debate
  4/2/2003HouseHeld on Calendar Order of Second Reading - Short Debate
  4/3/2003HouseHouse Floor Amendment No. 2 Recommends Be Adopted Environment and Energy Committee; 011-002-000
  4/3/2003HouseHouse Floor Amendment No. 2 Adopted by Voice Vote
  4/3/2003HousePlaced on Calendar Order of 3rd Reading - Short Debate
  4/3/2003HouseAdded Co-Sponsor Rep. Ron Stephens
  4/3/2003HouseAdded Chief Co-Sponsor Rep. Ron Stephens
  4/3/2003HouseAdded Co-Sponsor Rep. Gary Forby
  4/3/2003HouseAdded Co-Sponsor Rep. Rich Brauer
  4/3/2003HouseAdded Co-Sponsor Rep. William B. Black
  4/3/2003HouseFiscal Note Filed as amended by House Amendment No. 2
  4/4/2003HouseThird Reading - Short Debate - Passed 114-000-003
  4/8/2003SenateArrive in Senate
  4/8/2003SenatePlaced on Calendar Order of First Reading April 9, 2003
  4/10/2003SenateChief Senate Sponsor Sen. Vince Demuzio
  4/10/2003SenateFirst Reading
  4/10/2003SenateReferred to Rules
  4/16/2003SenateAssigned to Executive
  5/1/2003SenateDo Pass Executive; 012-000-000
  5/1/2003SenatePlaced on Calendar Order of 2nd Reading May 6, 2003
  5/6/2003SenateSecond Reading
  5/6/2003SenatePlaced on Calendar Order of 3rd Reading May 7, 2003
  5/13/2003SenateThird Reading - Passed; 048-009-000
  5/13/2003HousePassed Both Houses
  6/11/2003HouseSent to the Governor
  7/10/2003HouseGovernor Approved
  7/10/2003HouseEffective Date July 10, 2003
  7/10/2003HousePublic Act . . . . . . . . . 93-0167

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