IL
Illinois Senate Bill SB3862

Illinois 2023-2024 Regular Session

Illinois Senate Bill SB3862

Introduced
2/28/24  

Caption

$ICC-OCE

Impact

The appropriations specified in SB3862 include significant amounts directed towards the administration of the Energy Transition Act, as well as other funds aimed at ensuring the effective regulation of utilities within the state of Illinois. Notably, $12 million is allocated toward costs associated with the Energy Transition Act, indicating a focus on energy policies that may affect renewable energy and technology adoption as part of Illinois' overall energy strategy.

Summary

SB3862, introduced by Senator Elgie R. Sims, Jr., focuses on making appropriations for the ordinary and contingent expenses of the Illinois Commerce Commission (ICC) for the fiscal year beginning July 1, 2024. The bill outlines specific funding allocations totaling several million dollars for various operational costs, which includes personal services, contributions to employee retirement systems, insurance, and contractual services necessary for the ICC's functioning.

Contention

Within the bill, there may be points of contention regarding how funds are allocated, particularly concerning the balance between funding traditional utility services versus enhancing renewable energy programs. Critics may argue over the sufficiency of funds directed toward sustainability initiatives, while supporters may contend that consistent funding for the ICC is essential for maintaining regulatory oversight and operational efficacy in both transportation and utility sectors.

Latest SB3862 Activity

Companion Bills

No companion bills found.

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