EPA-PHOSPHORUS TRADING

Creates the Phosphorus Credit Trading Program Act. Creates the Phosphorus Credit Trading Committee for several purposes, including developing a framework for the trading of phosphorus reduction credits generated through phosphorus reductions in excess of those required by permit and limiting the trading of phosphorus reduction credits to trading among wastewater agencies. Provides that the Phosphorus Credit Trading Committee shall submit a report to the Governor, the Environmental Protection Agency, and the General Assembly. Provides for Committee membership. Provides that the Prairie Research Institute's Illinois Sustainable Technology Center shall provide technical assistance to the Committee. Provides that the Agency shall, within one year after its receipt of the Committee's report, propose rules to establish a program to facilitate phosphorus reduction credit trading among wastewater agencies, and that the Pollution Control Board shall adopt rules within one year after receipt of the Agency's proposal. Provides that the rules shall accomplish certain purposes. Makes findings. Defines terms. Effective immediately.