State of Illinois
92nd General Assembly
Legislation

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92_HB4654

 
                                               LRB9212017LBpr

 1        AN ACT concerning energy conservation.

 2        Be it enacted by the People of  the  State  of  Illinois,
 3    represented in the General Assembly:

 4        Section  5.  The Energy Conservation and Coal Development
 5    Act is amended by changing Section 11 as follows:

 6        (20 ILCS 1105/11) (from Ch. 96 1/2, par. 7411)
 7        Sec. 11.  Deposit of Illinois Industrial Coal Utilization
 8    moneys. The Department is authorized to accept  any  and  all
 9    grants,  repayments  of  interest and principal on Industrial
10    Coal  Utilization  loans,  matching  funds,   reimbursements,
11    appropriations,  income  derived  from  investments, or other
12    things of value from the federal or state governments or from
13    any  institution,  person,  partnership,  joint  venture,  or
14    corporation, public or private, received under  the  Illinois
15    Industrial  Coal  Utilization  Program  for  deposit into the
16    General Revenue  Fund  in  the  State  treasury.  Any  moneys
17    collected  as  a  result  of  foreclosures  of loans or other
18    financing agreements, or the violation of any of their terms,
19    under this program shall also be deposited into  the  General
20    Revenue  Fund.   On  or  as soon as practicable after July 1,
21    1991, the State Comptroller and  the  State  Treasurer  shall
22    transfer  the  balance  of  moneys in the Illinois Industrial
23    Coal Utilization Fund to the General Revenue Fund.
24    (Source: P.A. 87-14.)

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