SB 1550

  • Illinois Senate Bill
  • 103rd Regular Session
  • Introduced in Senate
  • Senate
  • House
  • Governor

Property-Carbon Sequestration

Abstract

Amends the State Property Control Act. Provides that Marquis Carbon Injection, LLC, is granted the right to inject and sequester carbon dioxide and other greenhouse gases for fair market value consideration as set by the Director of Central Management Services, as administrator, but not to exceed $0.25 per ton, on specified real property owned by the State of Illinois and managed by the Department of Natural Resources. Specifies the Parcel Identification Numbers of the properties concerned.

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Feb 08, 2023

Senate

Filed with Secretary by Sen. Sue Rezin

Senate

First Reading

Senate

Referred to Assignments

Bill Text

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Introduced HTML PDF

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