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| 1 | AMENDMENT TO SENATE BILL 1473
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| 2 | AMENDMENT NO. ______. Amend Senate Bill 1473 by replacing | ||||||
| 3 | everything after the enacting clause with the following:
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| 4 | "Section 5. The State Property Control Act is amended by | ||||||
| 5 | adding Section 8.5 as follows: | ||||||
| 6 | (30 ILCS 605/8.5 new) | ||||||
| 7 | Sec. 8.5. Carbon sequestration. | ||||||
| 8 | (a) Notwithstanding any provision of law to the contrary, | ||||||
| 9 | Marquis Carbon Injection, LLC is hereby granted the right to | ||||||
| 10 | inject and sequester carbon dioxide and other greenhouse gases | ||||||
| 11 | for fair market value consideration as set by the | ||||||
| 12 | Administrator, but not to exceed $0.25 per ton, in that | ||||||
| 13 | portion of the deep subsurface lying between the top of the Eau | ||||||
| 14 | Claire formation and 150 Feet below the Mount Simon formation | ||||||
| 15 | underlying the real property owned by the State of Illinois | ||||||
| 16 | and managed by the Department of Natural Resources that | ||||||
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| 1 | adjoins, is adjacent to, or is in proximity to, the privately | ||||||
| 2 | owned real property in Putnam County, Illinois on which the | ||||||
| 3 | Marquis Carbon Injection, LLC carbon sequestration project | ||||||
| 4 | will take place. | ||||||
| 5 | (b) The State Property concerned under this Section | ||||||
| 6 | includes: | ||||||
| 7 | (1) land located in Putnam County, Illinois having | ||||||
| 8 | Parcel Identification Numbers 128050000, 128150000, | ||||||
| 9 | 128040000, 128030000, 128070000, 128060000, | ||||||
| 10 | 128170000,128240000, 128230000, 128220000, 128210000, and | ||||||
| 11 | 128265000; and | ||||||
| 12 | (2) land located in Bureau County, Illinois having | ||||||
| 13 | Parcel Identification Numbers 2317200009, 2317200005, | ||||||
| 14 | 2317200004, 2316100001, 2316100002, 2308400001, | ||||||
| 15 | 2309300001, 2309100002, 2309200002, 2309100004, | ||||||
| 16 | 2304300003, 2304400001, 2303300001, 2310100001, | ||||||
| 17 | 2303400001, 2303200002, 2303100004, 1734476002, | ||||||
| 18 | 1734300005, 2303200001, 2301100003, and 2302200002.".
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