The Department shall administer the Illinois Coal Resurgence Program. The Department shall have the following powers in accordance with Section 7 of the General Obligation Bond Act:
        (1) To assist in the reopening of closed Illinois
    
mines.
        (2) To assist in allowing existing Illinois coal
    
mines to remain operating.
        (3) To assist in developing new markets (both
    
domestic and foreign) for Illinois coal.
        (4) To assist in funding the cost of transportation
    
of Illinois coal to new markets and the development of related infrastructure.
        (5) To assist in funding the cost of construction and
    
development of coal conversion parks in Illinois.
        (6) To assist in providing incentives to attract new
    
businesses that use coal or by-products developed from coal or its conversion to relocate in Illinois.
        (7) To assist in hiring consultants, engineers, and
    
other experts to assist in providing feasibility work in connection with projects whose funding would otherwise be authorized under this Act.
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Terms Used In Illinois Compiled Statutes 20 ILCS 1105/8.1

  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
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