Illinois § 59.16 Carbon Dioxide Sequestration Administrative Fund

Illinois Statutes

§ 59.16 — Carbon Dioxide Sequestration Administrative Fund

Illinois § 59.16

JurisdictionIllinois

TopicHEALTH AND SAFETY

Ch. 415ENVIRONMENTAL SAFETY

Act 415 ILCS 5/Environmental Protection Act.

Art.Title XVIII - Carbon Capture And Sequestration

This text of Illinois § 59.16 (Carbon Dioxide Sequestration Administrative Fund) is published on Counsel Stack Legal Research, covering Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

415 Ill. Comp. Stat. 59.16 (2026).

Text

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.

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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.