Bill Text: IL SB2408 | 2021-2022 | 102nd General Assembly | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Creates the Energy Transition Act. Includes provisions regarding: Regional Administrators; the Clean Jobs Workforce Network Program; the Clean Jobs Curriculum; the Energy Transition Barrier Reduction Program; Energy Transition Navigators; the Illinois Climate Works Preapprenticeship Program; the Clean Energy Contractor Incubator Program; the Returning Residents Clean Jobs Training Program; the Clean Energy Primes Contractor Accelerator Program; the Jobs and Environmental Justice Grant Program; and the Energy Workforce Advisory Council. Repeals the Act 24 years after the effective date. Creates the Energy Community Reinvestment Act. Includes provisions regarding: the Energy Transition Workforce Commission; the Energy Transition Community Grants; the Displaced Energy Workers Bill of Rights; the Displaced Energy Worker Dependent Transition Scholarship; an Energy Community Investment Report; and administrative review. Repeals the Act 24 years after the effective date. Creates the Community, Energy, Climate, and Jobs Planning Act. Includes provisions regarding: the creation of Community Energy, Climate, and Jobs Plans; the Community Energy, Climate, and Jobs Planning process; and joint Community Energy, Climate, and Jobs Plans. Repeals the Act 24 years after the effective date. Creates the Clean Energy Jobs and Justice Fund Act. Includes provisions regarding: the Clean Energy Jobs and Justice Fund; the board of directors; powers and duties; primary responsibilities in early program development; executive director and fund management; and dissolution of the Fund. Repeals the Act 24 years after the effective date. Makes additional and conforming changes in: the Illinois Finance Authority Act; the Illinois Administrative Procedure Act; the Illinois Governmental Ethics Act; the State Officials and Employees Ethics Act; the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois; the Electric Vehicle Act; the Illinois Enterprise Zone Act; the Department of Labor Law of the Civil Administrative Code of Illinois; the Energy Efficient Building Act; the Illinois Power Agency Act; the State Finance Act; the Illinois Procurement Code; the Business Enterprise for Minorities, Women, and Persons with Disabilities Act; the Property Tax Code; the School Code; the Public Utilities Act; the Environmental Protection Act; the Alternate Fuels Act (and renames it the Electric Vehicle Rebate Act); the Illinois Vehicle Code; and the Illinois Worker Adjustment and Retraining Notification Act. Makes other changes. Effective immediately.

Spectrum: Partisan Bill (Democrat 42-0)

Status: (Passed) 2022-02-23 - Added as Chief Co-Sponsor Sen. Melinda Bush [SB2408 Detail]

Download: Illinois-2021-SB2408-Introduced.html

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102ND GENERAL ASSEMBLY State of Illinois 2021 and 2022 SB2408 Introduced 2/26/2021, by Sen. Napoleon Harris, III SYNOPSIS AS INTRODUCED:
215 ILCS 5/532 from Ch. 73, par. 1065.82
215 ILCS 5/538 from Ch. 73, par. 1065.88
215 ILCS 5/538.7 from Ch. 73, par. 1065.88-7
Amends the Illinois Insurance Code. Authorizes the Illinois Insurance Guaranty Fund, at the direction of its board of directors and subject to the approval of the Director of Insurance, to form and own a not-for-profit corporation to which the Fund may delegate certain of its powers and duties provided by the Code. Allows the not-for-profit corporation to contract to provide services to the Office of Special Deputy Receiver or any other person or organization authorized by law to carry out the duties of the Director in the capacity of receiver under specified provisions of the Code, the Illinois Life and Health Insurance Guaranty Association, an organizations in another state similar to the Illinois Insurance Guaranty Fund or the Illinois Life and Health Insurance Guaranty Association. Effective immediately.
LRB102 11366 BMS 16699 b
FISCAL NOTE ACT MAY APPLY
A BILL FOR
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AN ACT concerning regulation.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Illinois Insurance Code is amended by
changing Sections 532, 538, and 538.7 as follows:
(215 ILCS 5/532) (from Ch. 73, par. 1065.82)
Sec. 532. Purpose. The purpose of this Article is to
provide a mechanism for the payment of covered claims under
certain insurance policies and the expenses of the Fund in
handling covered claims and to participate in and facilitate
the process by which the assets of an insolvent company are
marshaled and distributed pursuant to Article XIII of this
Code or similar provisions in other states and jurisdictions
to reimburse the cost of covered claims, to avoid excessive
delay in payment of covered claims, to avoid financial loss to
claimants or policyholders because of the entry of an Order of
Liquidation against an insolvent company, and to provide a
Fund to assess among member companies the costs cost of such
protection and maintain the continuity and self-sufficient
operation of the Fund, and to offset the costs associated with
maintaining the Fund's continuity and self-sufficient
operations when practical by providing assistance and services
to the Director in her or his capacity as receiver under

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Article XIII of this Code and other State guaranty
organizations in the performance of their respective statutory
and legal functions provided by law among member companies.
(Source: P.A. 85-576.)
(215 ILCS 5/538) (from Ch. 73, par. 1065.88)
Sec. 538. Powers of the Fund. The Fund shall have the
powers enumerated in the Sections following this Section and
preceding Section 539 538.1 through 538.8.
(Source: P.A. 77-305.)
(215 ILCS 5/538.7) (from Ch. 73, par. 1065.88-7)
Sec. 538.7. (a) The Fund may perform such other acts as are
necessary or proper to effectuate the purposes of this
Article.
(b) The Fund may contract with the Office of Special
Deputy Receiver or any other person or organizations
authorized by law to carry out the duties of the Director in
her or his capacity as a receiver under Article XIII of this
Code, the Illinois Life and Health Insurance Guaranty
Association under Article XXXIII 1/2 of this Code, and
organizations in another state similar to the Fund or the
Illinois Life and Health Insurance Guaranty Association. The
power of the Fund to contract with these persons or entities
includes, but is not limited to, providing consulting services
and claims administration services that assist with these

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persons or entities in the performance of their respective
statutory and legal functions provided by law. The Fund may
only exercise the authority to contract pursuant to this
subsection upon the board of director's written determination
that the provisioning of such services will advance the
purpose set forth in Section 532. Any contract with
organizations in another state similar to the Fund or the
Illinois Life and Health Insurance Guaranty Association shall
be subject to the prior approval of the Director. Any contract
the Fund may enter into to provide services pursuant to this
subsection shall be subordinate and subject to the Fund's
statutory obligations to timely pay covered claims and avoid
financial loss to claimants or policyholders described in this
Article.
(Source: P.A. 82-210.)
Section 99. Effective date. This Act takes effect upon
becoming law.