Thompson OKs state coal office and limits on bonds
Gov James R Thompson signed into law bills to restrict pollution control bond financing to projects using Illinois coal and to create an Office of Coal Commerce in the Department of Commerce and Community Affairs. The office will aid developers, compile site catalogs, and speed permitting while bonds prioritize Illinois coal projects and scrubber tech. Thompson framed coal use as a future resource to reduce dependence on oil producers.
MENTIONED IN THIS ARTICLE
Don Levener
Springfield
Illinois
James R. Thompson
Office of
Coal Commerce
State Department of Commerce and Community Affairs
Douglas N. Kane
Environmental Facilities Financing Authority
Opment
Coal Commerce Office
Kenneth V. Buzbee
D Carbondale
Thompson veto blocks retirement annuity for lawmakers
Gov James R Thompson used his amendatory veto to block a late session bid to let retired state legislators draw a supplemental annuity funded by interest on their own contributions. The plan would raise the contribution rate and boost potential pensions while empowering the General Assembly to set terms, impacting the system's fiscal standing.
MENTIONED IN THIS ARTICLE
Mike Lawrence
Thompson
General Assembly
Board of Trustees
Illinois to end rate limits on consumer loans
Illinois moves to remove interest rate ceilings for consumer credit starting Sept. 25 under a law signed by Gov. James R. Thompson. Lenders must notify 30 days before rate hikes. observers predict higher rates, though advocates say market competition will set prices. Officials note differing state experiences and a national usury repeal proposal.
MENTIONED IN THIS ARTICLE
Springfield
Illinois
James R. Thompson
Thompson
Chicago
Secretary of State
William E. Bryan
University of Illinois
Bryan
Vince Demuzio
D-Carlinville
House
George Ryan
Kankakee
Senate
Philip Rock
Oak Park
Demuzio
New Hampshire
Maine
Massachusetts
Arizona
Congress
Curt Prins
House Banking, Finance and Urban Affairs
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Kemp and Beatley
Chorale Society
Festival
RTS
MONSA
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Murphysboro
Koret