Ill. Admin. Code tit. 32, § 120.10 - Purpose
a) The Illinois
Resource Development and Energy Security Act [20 ILCS 688 ] authorizes the
State of Illinois, through the Department of Commerce and Economic Opportunity,
formerly known as the Department of Commerce and Community Affairs, to promote
the development of new, coal-fired electric generation capacity in Illinois.
The purpose and scope of the Act is the enhancement of the State's energy
security by insuring that:
1) the State's
vast and underutilized coal resources are tapped as a fuel source for new
electric generating plants;
2) the
electric transmission system within the State is upgraded to more efficiently
distribute additional amounts of electricity;
3) well-paying jobs are created as new
electric plants are built in regions of the State with relatively high
unemployment; and
4) substantial
grant funds and the full faith and credit of the State of Illinois are made
available to facilitate investments in the State's energy infrastructure to
achieve economic development within the Illinois coal industry and insure
energy security for Illinois citizens.
b) The Department of Commerce and Economic
Opportunity Law of the Civil Administrative Code [20
ILCS 605/605-332 ] authorizes the Department to
provide financial assistance to eligible businesses for new electric generating
facilities from funds appropriated by the General Assembly. Financial
assistance will be provided to eligible applicants in the form of a grant
through the Coal Revival Program.
Notes
Amended at 29 Ill. Reg. 1195, effective January 5, 2005
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