Bill Status of SB 1277   104th General Assembly

Short Description:  POWER AG-SOLAR SURETY BONDS

Senate Sponsors
Sen. Li Arellano, Jr.-Chris Balkema-Dave Syverson

Last Action  View All Actions

DateChamber Action
  1/28/2025SenateReferred to Assignments

Statutes Amended In Order of Appearance
20 ILCS 3855/1-56.5 new
30 ILCS 105/5.1030 new

Synopsis As Introduced
Amends the Illinois Power Agency Act. Prohibits a company that provides solar project installation services or solar facility installation services from installing a solar project or solar facility in Illinois without posting and maintaining, with the Illinois Power Agency, a surety bond in the amount of $2,000,000 or such higher amount as is annually set by the Agency by rule. Requires the Agency to adopt rules to establish requirements for the mandated surety bonds and procedures for posting and maintaining those bonds. Requires the rules adopted by the Agency to prescribe the type and amount of the surety bond required and the conditions under which the Agency is entitled to collect moneys from such bonds. Authorizes the rules adopted by the Agency to contain any other provisions the Agency deems necessary to administer the provisions of the amendatory Act. Directs the Agency to annually adjust the amount of the required surety bond beginning 2 years after the effective date of the amendatory Act. Creates the Solar Installation Fund. Provides that any moneys forfeited to the State from the required surety bonds shall be deposited into the Solar Installation Fund and shall, upon approval by the Governor and the Director of the Agency, be used by and under the direction of the Agency for the purpose of ensuring that certain rebate and warranty obligations of such a company are met. Authorizes the Agency to enter into contracts and agreements it deems necessary to carry out the provisions of the amendatory Act. Provides that neither the State, nor the Director of the Agency, nor any State employee shall be liable for any damages or injuries arising out of or resulting from any action taken under the provisions of the amendatory Act. Allows the Agency to approve or disapprove any surety bond. Allows a person whose surety bond is disapproved to contest the disapproval. Makes a conforming change in the State Finance Act.

Actions 
DateChamber Action
  1/28/2025SenateFiled with Secretary by Sen. Li Arellano, Jr.
  1/28/2025SenateFirst Reading
  1/28/2025SenateReferred to Assignments
  1/28/2025SenateAdded as Chief Co-Sponsor Sen. Chris Balkema
  1/29/2025SenateAdded as Chief Co-Sponsor Sen. Dave Syverson

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