Illinois SB 2463: $ISU OCE

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 Full Text of SB2463

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 Senate Amendment 001 
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SB2463 EnrolledLRB104 09212 AAS 19269 b

1 AN ACT concerning regulation.

2 Be it enacted by the People of the State of Illinois, 

3represented in the General Assembly:

4 Section 5. The Illinois Oil and Gas Act is amended by 

5changing Sections 2, 6, 8b, 8c, and 12 as follows:

6 (225 ILCS 725/2) (from Ch. 96 1/2, par. 5404)

7 Sec. 2. The provisions of this Act do not apply to quarry 

8drill or blast holes, nor to seismograph test holes.

9 The provisions of this Act do not apply to geological, 

10structure, coal or other mineral test holes, or monitoring 

11wells in connection with any activity regulated by the 

12Department, except that notification of intent to drill 

13accompanied by the required fee as established by the 

14Department and a bond shall be filed with the Department, a 

15permit shall be obtained, and all holes shall be plugged under 

16the supervision of the Department. The bond shall be executed 

17by a surety, authorized to transact business in this State, in 

18the amount of $2500 for each permit or a blanket bond of 

19$25,000 for all permits. In lieu of the surety bond, the 

20applicant may provide cash, certificates of deposit, or 

21irrevocable letters of credit as security for the plugging 

22obligation under the terms and conditions as the Department 

23may provide by rule.

SB2463 Enrolled- 2 -LRB104 09212 AAS 19269 b

1 Information and records of the Department in connection 

2with the drilling of any geological, structure, coal, or other 

3mineral test hole shall be kept confidential, if requested in 

4writing by the permittee, for a period of 2 years followi