Bill > SB2981

This bill, titled the Climate Change Superfund Act, establishes a new fund in the Illinois state treasury to address the impacts of climate change, with at least 40% of its money dedicated to projects benefiting disadvantaged communities. The Illinois Environmental Protection Agency (IEPA) is required to create rules within one year to determine how "responsible parties," defined as entities that extracted or refined fossil fuels and contributed over one billion tons of greenhouse gas emissions between 2000 and 2024, will be held liable and pay into the fund. These rules will also outline what expenditures are eligible for funding, which include a broad range of adaptation projects like infrastructure resilience, green infrastructure, water management, and ecosystem restoration, and establish an Illinois Climate Change Superfund Program. The bill also provides a process for responsible parties to challenge the IEPA's liability determinations, with the option for judicial review under the Administrative Review Law, and makes conforming changes to the State Finance Act.

Budget and Finance

https://www.ilga.gov/Legislation/BillStatus?DocNum=2981&GAID=18&DocTypeID=SB&SessionID=114&GA=104