Illinois General Assembly - Illinois Compiled Statutes

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225 ILCS 728/35

(225 ILCS 728/35)

(Section scheduled to be repealed on January 1, 2028)

Sec. 35. Refunds.

(a) Any person subject to the assessment levied by Section 30 of this Act
may request a refund as provided in this Section of the assessment paid on
production for the preceding calendar year.  Upon compliance with the
provisions of this Section and rules adopted by the Board to implement this
Section, the Board shall refund to each person requesting a refund the
amount of the assessment paid by or on behalf of the person during the
preceding calendar year.  Refunds made to producers will include interest
earned at the
rate equal to the average United States Treasury bill rate of the preceding
calendar year as documented from government sources.

(b) The request for a refund of the assessment paid on production for the
preceding calendar year must be made during the first 3 calendar months
following the calendar year for which the refund is requested.  Failure to
request a refund during this period shall terminate the right of any person to
receive a refund for the assessment paid on production for the preceding
calendar year.  The Board shall give notice of the availability of the refund
through press releases or another means it deems appropriate.

(c) Each person requesting a refund shall execute an affidavit showing the
amount of refund requested and demonstrating that the affiant was the
interest owner of
the production for
which the refund is requested.  The Board may verify the accuracy of the
request for refund.

(d) No entity or person requesting a refund under this Section shall be
eligible to serve or have a representative serve as a member of the Board.

(Source: P.A. 94-1085, eff. 1-19-07.)