SHEFFIELD WASTE FUND

From the Legislature

Reinserts the provisions of the introduced bill with the following changes. Provides that all fees received pursuant to contracts or agreements (rather than contracts only) entered into by IEMA-OHS shall be set apart in a special fund to be known as the Low-Level Radioactive Waste Facility Operation Fund (rather than the Radioactive Waste Site Perpetual Care Fund). Provides that all payments received by IEMA-OHS (formerly the Department of Nuclear Safety) pursuant to the settlement agreement entered May 25, 1988, in the matter of the People of the Illinois, et al. v. Teledyne, Inc., et al. (No. 78 MR 25, Circuit Court, Bureau County, Illinois) shall be held in the Sheffield February 1982 Agreed Order Fund by the State Treasurer separate and apart from all public moneys or funds of the State, and shall only be used as provided in such settlement agreement. Provides that interest earned by investment of moneys accumulated in the Sheffield February 1982 Agreed Order Fund shall be deposited into the Sheffield February 1982 Agreed Order Fund (rather than the Radioactive Waste Site Perpetual Care Fund) for the continued maintenance of the Sheffield Low-Level Radioactive Waste Site and surrounding buffer zone to protect the public health and safety on a continuing and perpetual basis. Effective immediately.