WATSON AND MYERS.
AG-FARM PRODUCTS ECON DEVELOP
Synopsis of Bill as introduced:
Creates the Illinois Farm Products Economic Development Act.
Provides that the Director of Agriculture shall make cash payments to
Illinois grain processors that use corn to make ethyl alcohol and
other products. Sets the amount of payment at 30 cents per bushel for
each bushel used in a grain-processing center that began production
after January 1, 2001. Provides that payments may be made only during
the first 5 years of operation. Establishes a claims procedure and
requires audits of the claims made. Requires the Department of
Agriculture to promulgate emergency and permanent rules to implement
the Act. Provides that the Act is repealed on January 1, 2010, at
which time the remaining unobligated balance shall revert to the
General Revenue Fund. Makes other provisions. Effective immediately.
SENATE AMENDMENT NO. 1.
Provides that the Director of Agriculture shall make cash
payments under the Illinois Farm Products Economic Development Act to
processors in this State that use corn to make ethyl alcohol and other
alternative fuels made with corn-based products (now, to make ethyl
alcohol and other products). Sets a cap of $6,000,000 for total
payments made in any one fiscal year under the Act.
SENATE AMENDMENT NO. 2.
Changes "other products" to "other alternative fuels made with
corn-based products" in another place in the bill.
HOUSE AMENDMENT NO. 1.
Deletes reference to:
Adds reference to:
505 ILCS 40/2 from Ch. 5, par. 702
Deletes everything after the enacting clause. Amends the
Illinois Corn Marketing Act. Makes technical changes in a Section
concerning the short title of the Act.
Last action on Bill: SESSION SINE DIE
Last action date: JAN-07-2003
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 1 SENATE - 2
END OF INQUIRY
Full Text Bill Status