IL SB3356

Amends the Illinois Power Agency Act to expand the definition of "equity investment eligible community" to include energy communities as defined by the federal Internal Revenue Code under the Inflation Reduction Act of 2022.

Adds communities where residents have experienced disproportionate unemployment burdens caused by the State's energy transition to the list of eligible communities for equitable State investments.

Maintains existing eligible community categories: R3 Areas under the Cannabis Regulation and Tax Act and environmental justice communities with pollution burdens from the energy sector.

Effective immediately upon enactment.