Bill Text: IL SB3114 | 2021-2022 | 102nd General Assembly | Introduced


Bill Title: Amends the Illinois Power Agency Act. Provides that the Carbon Capture Infrastructure Fund is created as a special fund in the State treasury and shall be administered by the Illinois Power Agency. Provides that $10,000,000 shall be transferred from the Illinois Power Agency Renewable Energy Resources Fund to the Carbon Capture Infrastructure Fund. Provides that the Agency shall award grants from the fund to carbon producing power plants for the construction of new carbon capture storage systems. Amends the State Finance Act to create the Carbon Capture Infrastructure Fund.

Spectrum: Partisan Bill (Republican 2-0)

Status: (Introduced) 2022-01-11 - Referred to Assignments [SB3114 Detail]

Download: Illinois-2021-SB3114-Introduced.html


102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
SB3114

Introduced 1/11/2022, by Sen. Dale Fowler - Sue Rezin

SYNOPSIS AS INTRODUCED:
20 ILCS 3855/1-129 new
30 ILCS 105/5.970 new

Amends the Illinois Power Agency Act. Provides that the Carbon Capture Infrastructure Fund is created as a special fund in the State treasury and shall be administered by the Illinois Power Agency. Provides that $10,000,000 shall be transferred from the Illinois Power Agency Renewable Energy Resources Fund to the Carbon Capture Infrastructure Fund. Provides that the Agency shall award grants from the fund to carbon producing power plants for the construction of new carbon capture storage systems. Amends the State Finance Act to creates the Carbon Capture Infrastructure Fund.
LRB102 22490 SPS 31630 b

A BILL FOR

SB3114LRB102 22490 SPS 31630 b
1 AN ACT concerning State government.
2 Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
4 Section 5. The Illinois Power Agency Act is amended by
5adding Section 1-129 as follows:
6 (20 ILCS 3855/1-129 new)
7 Sec. 1-129. Carbon Capture Infrastructure Fund.
8 (a) The Carbon Capture Infrastructure Fund is created as a
9special fund in the State treasury.
10 (b) The Carbon Capture Infrastructure Fund shall be
11administered by the Agency to award grants for the
12construction of new carbon capture storage systems.
13 (c) As soon as practicable after the effective date of
14this amendatory Act of the 102nd General Assembly, $10,000,000
15shall be transferred from the Illinois Power Agency Renewable
16Energy Resources Fund to the Carbon Capture Infrastructure
17Fund.
18 (d) The Agency shall award grants from the Carbon Capture
19Infrastructure Fund to carbon producing power plants in
20Illinois for the construction of new carbon capture storage
21systems.
22 (e) The Agency shall adopt rules to implement this
23Section.

SB3114- 2 -LRB102 22490 SPS 31630 b
1 Section 10. The State Finance Act is amended by adding
2Section 5.970 as follows:
3 (30 ILCS 105/5.970 new)
4 Sec. 5.970. The Carbon Capture Infrastructure Fund.
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