Energy

Amends the Electric Vehicle Rebate Act. Provides that, beginning July 1, 2026, the rules adopted under the Act shall cause the Agency to establish one rebate application cycle for each State fiscal year, shall cause each rebate application cycle to have a duration of one State fiscal year, and shall cause the Agency to accept rebate applications and issue rebates under the Act throughout each rebate application cycle.

Amends the Illinois Finance Authority Act. In provisions concerning powers and duties of the Illinois Finance Authority in furtherance of its clean energy powers and purposes, provides that the Authority shall have the power to utilize certain funding sources for clean water, drinking water, and wastewater treatment or climate resilience projects. Amends the Climate Bank Loan Financing Act. Defines "climate resilience project" to mean a project to reduce hazards or risks to people and property from future disasters or climate-related conditions. Provides that "climate resilience project" includes, but is not limited to, projects that ensure access to clean water and drinking water, support wastewater treatment or resiliency of other essential infrastructure and other projects that reduce the potential impact of disasters or climate change. Adds climate resilience projects to provisions concerning clean energy infrastructure projects and authority to issue bonds. Effective immediately.