COAL-FIRED GENERATION-GRANTS

Amends the Illinois Coal and Energy Development Bond Act. Authorizes the Department of Commerce and Economic Opportunity to use certain funds for grants to the owner of a municipal generating station located in Sangamon County, Illinois and having at least 2 coal-fired generating units with accredited summer capacity greater than 100 megawatts each (now, the grants are to be awarded to the owner of a generating station located in Illinois and having at least 3 coal-fired generating units with accredited summer capacity greater than 500 megawatts each) (i) for the purposes specified in the Act and (ii) for payment of the owner's costs for designing, acquiring, constructing, installing, and testing facilities to reduce sulfur dioxide emissions at one newly developed generating unit to allow that unit to meet the requirements of the Federal Clean Air Act while continuing to use coal mined in Illinois as its source of fuel. Amends the General Obligation Bond Act to make corresponding changes. Effective immediately.