Bill > SB2620

This bill provides appropriations (funding allocations) for the Illinois Power Agency (IPA) for the fiscal year beginning July 1, 2025, with three specific funding provisions. First, $50,999,828 is appropriated from the Illinois Power Agency Operations Fund to cover the agency's ordinary and contingent expenses and refunds. Second, $56,000,000 is appropriated from the Illinois Power Agency Renewable Energy Resources Fund to support purchases of renewable energy resources, including funding for the Illinois Solar for All Program, refunding bidder deposit fees, and refunding overpayments of alternative compliance payments. Third, $12,000,000 is appropriated from the Illinois Power Agency Trust Fund to be deposited into the Illinois Power Agency Operations Fund. These appropriations are designed to support the agency's operational needs, renewable energy initiatives, and administrative functions. The bill specifies that these amounts are maximum allocations, and only the necessary amounts will be used. The appropriations will take effect on July 1, 2025, which marks the start of the next fiscal year.

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2620&GAID=18&DocTypeID=SB&SessionID=114&GA=104