Energy

Amends the Illinois Vehicle Code. Provides that a vehicle or combination of vehicles operated by an engine fueled wholly or partially by an electric battery or hydrogen fuel cell electric fueling system may exceed the posted weight limits by up to 2,000 pounds.

Amends the Transportation Article of the School Code. Provides that the allowable direct cost of transporting pupils for regular, vocational, and special education pupil transportation shall be limited to, among other costs, expenditures to electrification-as-a-service contractors that provide electric school buses or a combination of electric vehicle charging infrastructure, equipment, or daily charge management services, plus a depreciation allowance of 8.33% for 12 years for electric school buses and vehicles approved for transporting pupils to and from school.

Amends the Environmental Protection Act. Creates the Renewable Fuels Infrastructure program. Provides that the Department of Agriculture shall provide grants to petroleum marketers, petroleum terminal operators, and any other companies that the Department of Agriculture determines are eligible for grant funding. Provides that eligible expenditures include tank modifications, tanks, piping, and fuel dispensers. Provides that an eligible grant recipient shall not receive more than $1,000,000 in grant funding. Provides that no funding under the program shall be made available to a public body. Creates the Renewable Fuels Infrastructure Fund as a special fund in the State treasury. Provides that, from July 1, 2024 to June 30, 2026, the Comptroller shall order transferred, and the Treasurer shall transfer, $3,000,000 each calendar quarter from the Underground Storage Tank Fund to the Renewable Fuel Infrastructure Fund, unless the Underground Storage Tank Fund has a balance at or below $75,000,000. Creates the Renewable Fuels Infrastructure Task Force. Sets forth membership and duties of the Task Force. Amends the State Finance Act to make conforming changes. Effective immediately.

Amends the General Provisions Article of the Illinois Pension Code. Provides that the amendatory Act may be referred to as the Fossil Fuel Divestment Act. With regard to the retirement systems established under the General Assembly, State Employees, State Universities, Downstate Teachers, or Judges Article of the Code and the Illinois State Board of Investment, prohibits direct investment of any additional pension assets in the stocks, securities, or other obligations of any fossil fuel company or any subsidiary, affiliate, or parent of a fossil fuel company. Provides that each board of trustees of a pension system shall ensure the pension system does not make further indirect investments unless, upon exercising due diligence, the board of trustees is satisfied that the investment vehicle is unlikely to have more than 2% of its assets invested in fossil fuel companies. Requires pension system trustees to identify the pension system's holdings, whether directly or indirectly invested, including private investments. Requires pension system trustees to identify holdings that are invested in the stocks, securities, equities, fixed income, corporate bonds, prime commercial paper, or other obligations of fossil fuel companies. Requires pension systems to, in accordance with sound investment criteria and consistent with fiduciary obligations, divest any fossil fuel holdings, which must be completed by January 1, 2030. Requires pension systems to adopt an update to their written investment policies if necessary. Requires each pension system to disclose the analytic methods used, if any, in determining the climate-related financial risks posed by its fossil fuel investments (both publicly traded and private investments) and the results of the analysis. Sets forth provisions concerning definitions, de minimis exposure to fossil fuel securities, and annual reporting. Effective immediately.

Amends the School Code. Provides that, subject to appropriation and beginning with the 2025-2026 school year, the State Board of Education shall award competitive grants on an annual basis to school districts that submit a grant application to the State Board requesting funds to purchase an electric vehicle to be used for student driver education courses. Requires the State Board to disseminate a request for applications for grants that shall be accepted on an annual basis. Requires the State Board to establish procedures for submitting requests for grants and issuing funds to approved applicants. Sets forth priority determinations for application selection by the State Board if the appropriation amount in a fiscal year is less than the amount required to fund all applications for grants. Establishes application requirements. Allows the State Board to adopt rules to implement the provisions.

Amends the Electric Vehicle Rebate Act. Provides that, beginning July 1, 2026, and continuing as long as funds are available, a person may apply for a rebate in specified amounts following the purchase of an electric bicycle in Illinois. Prohibits the rebate amount from exceeding the purchase price of the electric bicycle. Contains eligibility requirements. Requires a person who is awarded a rebate to retain ownership of the electric bicycle for a minimum of 12 consecutive months. Provides that a person may apply for and receive a rebate only once in a 10-year period and that only one rebate may be awarded per person per electric bicycle. Contains other provisions.

Amends the Illinois Finance Authority Act. In provisions concerning powers and duties of the Illinois Finance Authority in furtherance of its clean energy powers and purposes, provides that the Authority shall have the power to utilize certain funding sources for clean water, drinking water, and wastewater treatment or climate resilience projects. Amends the Climate Bank Loan Financing Act. Defines "climate resilience project" to mean a project to reduce hazards or risks to people and property from future disasters or climate-related conditions. Provides that "climate resilience project" includes, but is not limited to, projects that ensure access to clean water and drinking water, support wastewater treatment or resiliency of other essential infrastructure and other projects that reduce the potential impact of disasters or climate change. Adds climate resilience projects to provisions concerning clean energy infrastructure projects and authority to issue bonds. Effective immediately.

Amends the Department of Transportation Law of the Civil Administrative Code of Illinois. Provides that the amendatory Act may be referred to as the Transportation Choices Act. Requires, by January 1, 2027, the Environmental Protection Agency, after consultation with the Department of Transportation and Metropolitan Planning Organizations (MPOs), to establish a schedule of greenhouse gas targets for greenhouse gas emissions from the transportation sector in the State. Requires the Department and MPOs to conduct a greenhouse gas emissions analysis and determine if their applicable planning document will result in meeting their greenhouse gas targets. Requires the Department and MPOs to perform a greenhouse gas emissions analysis prior to including a roadway capacity expansion project in an applicable planning document. Requires, by January 1, 2029 and every 3 years thereafter, the Department to prepare a comprehensive report on statewide transportation greenhouse gas reduction accomplishments and challenges and to make recommendations for any legislative action that would assist the Department and MPOs in meeting their greenhouse gas targets. Requires the Department and MPOs to calculate a climate equity accessibility score prior to including any project that has an anticipated cost of $30,000,000 or more in an applicable planning document or as a greenhouse gas mitigation measure. Requires the Department and MPOs to provide early and continuous opportunities for public participation in the transportation planning process. Requires, beginning June 30, 2026, the Department and MPOs to establish a social cost of carbon and use the social cost of carbon in their planning documents and planning activities. Establishes the Greenhouse Gas in Transportation Working Group. Provides that the specified requirements of the provisions shall commence with projects included in applicable planning documents filed on or after January 1, 2028. Makes other changes. Amends the Environmental Protection Act. Directs the Environmental Protection Agency to calculate a social cost of carbon and makes other changes.

Amends the Illinois Petroleum Education and Marketing Act. Provides that, beginning on the effective date of the amendatory Act, the Director of Natural Resources shall make appointments to the Board, of which 10 shall be oil and gas producers. Authorizes the Director of Natural Resources to make these appointments based on names submitted to the Department of Natural Resources by oil and gas producers in the State. Effective immediately.

Amends the Illinois Hydraulic Fracturing Tax Act. Provides that 80% of the moneys received under the Act on or after the effective date of the amendatory Act shall be paid into the Pension Stabilization Fund and 20% of those moneys shall be paid into the Carbon Dioxide Pipeline Fund. Amends the State Finance Act to create the Carbon Dioxide Pipeline Fund. Provides that moneys in the Fund shall be used by the Illinois Commerce Commission to supervise and regulate the operations of the carbon dioxide pipeline industry in Illinois. Effective immediately.