SB 1550 Illinois Senate · 103rd Regular Session

PROPERTY-CARBON SEQUESTRATION

Summary
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.
Bill status in committee 1 of 4 stages cleared
Introduction
Feb 2023
Committee Review
Floor Vote
Governor
Introduced Feb 8, 2023 Last action Feb 8, 2023
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Full legislative history

Actions timeline

Total actions
3
Key actions
0
Committee
1
Feb 8, 2023
Committee
Referred to Assignments
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Sue Rezin
Sue Rezin
RRepublican
IL
38