HB 5397

Abstract

Amends the Illinois Petroleum Education and Marketing Act. Provides that beginning July 1, 2024, no member of the Illinois Petroleum Resources Board may be appointed to a term which would cause the member to exceed 9 years of total service on the Board. House Floor Amendment No. 1 Replaces everything after the enacting clause. Reinserts the provisions of the introduced bill with the following changes. Provides that, beginning July 1, 2024, no member shall be appointed to a term that would cause the member to exceed 9 years of total service on the Illinois Petroleum Resources Board, unless approved by a two-thirds majority vote of the members of the qualified producer association's executive committee who are present and voting (instead of beginning July 1, 2024, no member may be appointed to a term that would cause the member to exceed 9 years of total service on the Board). Adds an immediate effective date.