92nd General Assembly
Status of HB5729
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 Full Text  Bill Summary

   New Act                                                                     

        Creates the Farm Products  Economic  Development  Act.  Provides       
   that  the Director of Agriculture shall make cash payments to Illinois      
   grain processors that  use  corn  to  make  ethyl  alcohol  and  other      
   products.   Sets the amount of payment at 30 cents per bushel for each      
   bushel used in a grain-processing center that began  production  after      
   January  1,  2002.  Provides that payments may be made only during the      
   first 5 years  of  operation.   Establishes  a  claims  procedure  and      
   requires  audits  of  the  claims  made.   Requires  the Department of      
   Agriculture to promulgate emergency and permanent rules  to  implement      
   the  Act.   Provides  that  the Act is repealed on January 1, 2011, at      
   which time the remaining  unobligated  balance  shall  revert  to  the      
   General Revenue Fund.  Makes other provisions.  Effective immediately.      
   FEB-07-2002  H  FILED WITH CLERK                                               
   FEB-07-2002  H  ADDED AS A JOINT SPONSOR                 WINTERS               
   FEB-07-2002  H  FIRST READING                                                  
   FEB-07-2002  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   JAN-07-2003  H  SESSION SINE DIE                                               


 Full Text  Bill Summary