§ 6z-105 — The VW Settlement Environmental Mitigation Fund

Illinois § 6z-105

• Jurisdiction: Illinois
• Topic: GOVERNMENT
• Ch. 30: FINANCE
• Act 30 ILCS 105/: State Finance Act.

Text

The VW Settlement Environmental Mitigation Fund is created as a special fund in the State Treasury to receive moneys from the State Mitigation Trust established pursuant to the Environmental Mitigation Trust Agreement for State Beneficiaries ("Trust Agreement") pursuant to consent decrees in In re: Volkswagen "Clean Diesel" Marketing, Sales Practices, and Products Liability Litigation, MDL No. 2672 CRB (JSC) ("VW Settlement"). All funds received by the State from the State Mitigation Trust shall be deposited into the VW Settlement Environmental Mitigation Fund to be used, subject to appropriation by the General Assembly, by the Illinois Environmental Protection Agency as designated lead agency for the State of Illinois, to pay for costs of eligible mitigation actions and related administrative expenditures as allowed under the VW Settlement, the Trust Agreement, and the State's Beneficiary Mitigation Plan.

Legislative History

(Source: P.A. 100-587, eff. 6-4-18; 101-81, eff. 7-12-19.)