Full Text of SB1473 102nd General Assembly
SB1473sam001 102ND GENERAL ASSEMBLY | Sen. Sue Rezin Filed: 4/9/2021
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| 1 | | AMENDMENT TO SENATE BILL 1473
| 2 | | AMENDMENT NO. ______. Amend Senate Bill 1473 by replacing | 3 | | everything after the enacting clause with the following:
| 4 | | "Section 5. The State Property Control Act is amended by | 5 | | adding Section 8.5 as follows: | 6 | | (30 ILCS 605/8.5 new) | 7 | | Sec. 8.5. Carbon sequestration. | 8 | | (a) Notwithstanding any provision of law to the contrary, | 9 | | Marquis Carbon Injection, LLC is hereby granted the right to | 10 | | inject and sequester carbon dioxide and other greenhouse gases | 11 | | for fair market value consideration as set by the | 12 | | Administrator, but not to exceed $0.25 per ton, in that | 13 | | portion of the deep subsurface lying between the top of the Eau | 14 | | Claire formation and 150 Feet below the Mount Simon formation | 15 | | underlying the real property owned by the State of Illinois | 16 | | and managed by the Department of Natural Resources that |
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| 1 | | adjoins, is adjacent to, or is in proximity to, the privately | 2 | | owned real property in Putnam County, Illinois on which the | 3 | | Marquis Carbon Injection, LLC carbon sequestration project | 4 | | will take place. | 5 | | (b) The State Property concerned under this Section | 6 | | includes: | 7 | | (1) land located in Putnam County, Illinois having | 8 | | Parcel Identification Numbers 128050000, 128150000, | 9 | | 128040000, 128030000, 128070000, 128060000, | 10 | | 128170000,128240000, 128230000, 128220000, 128210000, and | 11 | | 128265000; and | 12 | | (2) land located in Bureau County, Illinois having | 13 | | Parcel Identification Numbers 2317200009, 2317200005, | 14 | | 2317200004, 2316100001, 2316100002, 2308400001, | 15 | | 2309300001, 2309100002, 2309200002, 2309100004, | 16 | | 2304300003, 2304400001, 2303300001, 2310100001, | 17 | | 2303400001, 2303200002, 2303100004, 1734476002, | 18 | | 1734300005, 2303200001, 2301100003, and 2302200002. ".
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