Establishes the Carbon Dioxide Pipeline Fund for regulating CO2 pipelines in Illinois.
The bill creates the Carbon Dioxide Pipeline Fund, a special fund in the State treasury. Moneys in the Fund will be used by the Illinois Commerce Commission to supervise and regulate the operations of the carbon dioxide pipeline industry in Illinois. The fund will receive 20% of the moneys received under the Illinois Hydraulic Fracturing Tax Act, with the remaining 80% going to the Pension Stabilization Fund. The fund's creation and operations are defined under the Illinois Hydraulic Fracturing Tax Act and the Carbon Dioxide Transportation and Sequestration Act.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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