415 ILCS 5/59.16

Current through Public Act 103-1052

Section 415 ILCS 5/59.16 - Carbon Dioxide Sequestration Administrative Fund

The Carbon Dioxide Sequestration Administrative Fund is hereby created as a special fund within the State treasury to be administered by the Agency. Moneys in the fund may be used:

(1) for Agency administrative costs incurred for the regulation and oversight of sequestration facilities during their construction, operation, and post-injection phases; and

(2) to transfer moneys to funds outlined in Sections 59.13, 59.14, and 59.15 for the purpose of implementing and enforcing the Act.

The Fund may receive deposits of moneys made available from any source, including, but not limited to, fees, fines, and penalties collected under this Act, investment income, and moneys deposited or transferred into the Fund.

415 ILCS 5/59.16

Added by P.A. 103-0651,§ 55, eff. 7/18/2024.