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

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



SB2408 EngrossedLRB102 11366 BMS 16699 b
1 AN ACT concerning regulation.
2 Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
4 Section 5. The Illinois Insurance Code is amended by
5changing Sections 532, 538, and 538.7 as follows:
6 (215 ILCS 5/532) (from Ch. 73, par. 1065.82)
7 Sec. 532. Purpose.
8 (a) The purpose of this Article is to provide a mechanism
9for the payment of covered claims under certain insurance
10policies, to avoid excessive delay in payment of covered
11claims, to avoid financial loss to claimants or policyholders
12because of the entry of an Order of Liquidation against an
13insolvent company, including through services offered to the
14Director in her or his capacity as receiver under Article XIII
15of this Code that relate to covered claims, and to provide a
16Fund to assess among member companies the costs cost of such
17protection and maintain the continuity and self-sufficient
18operation of the Fund, and to offset the costs associated with
19maintaining the Fund's continuity and self-sufficient
20operations when practical by providing assistance and services
21to the Director in her or his capacity as receiver under
22Article XIII of this Code as described in this Section among
23member companies.

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1 (b) The purpose of this Article is also to provide a
2mechanism for the Fund to participate in and facilitate the
3process by which the assets of an insolvent company are
4marshaled and distributed pursuant to Article XIII of this
5Code beyond reimbursing the cost of covered claims. This
6subsection (b) is inoperative 5 years after the effective date
7of this amendatory Act of the 102nd General Assembly.
8(Source: P.A. 85-576.)
9 (215 ILCS 5/538) (from Ch. 73, par. 1065.88)
10 Sec. 538. Powers of the Fund. The Fund shall have the
11powers enumerated in the Sections following this Section and
12preceding Section 539 538.1 through 538.8.
13(Source: P.A. 77-305.)
14 (215 ILCS 5/538.7) (from Ch. 73, par. 1065.88-7)
15 Sec. 538.7. (a) The Fund may perform such other acts as are
16necessary or proper to effectuate the purposes of this
17Article.
18 (b) The Fund may contract with the Office of Special
19Deputy Receiver or any other person or organizations
20authorized by law to carry out the duties of the Director in
21her or his capacity as a receiver under Article XIII of this
22Code. The power of the Fund to contract with these persons or
23entities includes, but is not limited to, providing consulting
24services and claims administration services that assist with

SB2408 Engrossed- 3 -LRB102 11366 BMS 16699 b
1these persons or entities in the performance of their
2respective statutory and legal functions provided by law. The
3Fund may only exercise the authority to contract pursuant to
4this subsection upon the board of director's written
5determination that the provisioning of such services will
6advance the purposes set forth in Section 532. Any contract
7the Fund may enter into to provide services pursuant to this
8subsection shall be subordinate and subject to the Fund's
9statutory obligations to timely pay covered claims and avoid
10financial loss to claimants or policyholders described in this
11Article.
12 This subsection (b) is inoperative 5 years after the
13effective date of this amendatory Act of the 102nd General
14Assembly.
15(Source: P.A. 82-210.)
16 Section 99. Effective date. This Act takes effect upon
17becoming law.
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