PETROLEUM ED-ABOLISH FUND Senate SponsorsSen. Gary Forby 1/9/2007SenateSession Sine Die 225 ILCS 728/5225 ILCS 728/10225 ILCS 728/15225 ILCS 728/27 new225 ILCS 728/30225 ILCS 728/35225 ILCS 728/4530 ILCS 105/5.482 rep.225 ILCS 728/25 rep.Amends the Illinois Petroleum Education and Marketing Act. Abolishes the Petroleum Resources Revolving Fund and grants the Board the power to receive and administer all assessments, donations, grants, contributions, and gifts received by the Board pursuant to the Act and to deposit them into accounts maintained by the Board. Provides that the assessment levied on the interest owner to fund the activities of the Board shall be remitted to the Board (instead of the Department of Revenue). Makes other changes. Repeals a Section creating the Petroleum Resource Revolving Fund. Amends the State Finance Act to make a corresponding change. Effective immediately. 1/18/2006SenateFiled with Secretary by Sen. Gary Forby 1/18/2006SenateFirst Reading 1/18/2006SenateReferred to Rules 1/9/2007SenateSession Sine Die