(45 ILCS 55/0.01) (from Ch. 96 1/2, par. 5300) Sec. 0.01. Short title. This Act may be cited as the Interstate Compact to Conserve Oil and Gas Act. (Source: P.A. 86-1324.)

(45 ILCS 55/1) (from Ch. 96 1/2, par. 5301) Sec. 1. The State of Illinois does hereby ratify, approve and adopt the compact aforesaid, which is as follows: An Interstate Compact to Conserve Oil and Gas.

(45 ILCS 55/2) (from Ch. 96 1/2, par. 5302) Sec. 2. Notice of the approval of said compact shall be given by the Governor of Illinois to the Governors of Oklahoma, Texas, California, Kansas, Arkansas, Colorado, Michigan and New Mexico, and to the Department of State of the United States. (Source: Laws 1935, p. 1418.)

(45 ILCS 55/3) (from Ch. 96 1/2, par. 5303) Sec. 3. The Governor of the State of Illinois is authorized and empowered, for and on behalf of the State of Illinois, to determine when and if it shall be for the best interests of the State of Illinois to withdraw from said compact, upon sixty (60) days' notice, as provided by the terms thereof, and in event he shall determine that the State should withdraw from said compact he shall have full power and authority to give necessary notice and take any and all other steps necessary to effect the withdrawal of the State of Illinois from said compact. (Source: Laws 1935, p. 1418.)

(45 ILCS 55/4) (from Ch. 96 1/2, par. 5304) Sec. 4. The ratification and approval of said compact by this State shall not be binding or obligatory until it shall have been likewise approved by the legislature of any three of the States of Texas, Oklahoma, California, Kansas and New Mexico and by the Congress of the United States. Nothing in this Act or in said compact contained shall be construed as abridging the right of the General Assembly, at any time, to exercise its own discretion as to what laws on the subject matter referred to in said compact it will enact, repeal or amend. (Source: Laws 1935, p. 1418.)

(45 ILCS 55/5) (from Ch. 96 1/2, par. 5305) Sec. 5. That whenever any three of the States of Texas, Oklahoma, California, Kansas and New Mexico shall have ratified said Compact and Congress shall have given its consent, the Governor of the State of Illinois shall appoint one representative of the State of Illinois to the Interstate Oil Compact Commission, whose duty and authority on behalf of the State of Illinois shall be as provided in said Compact. (Source: Laws 1935, p. 1418.)

(45 ILCS 55/6) (from Ch. 96 1/2, par. 5306) Sec. 6. The Governor is authorized and directed, for and in the name of this State, from time to time to execute an agreement with other member states of the Interstate Oil Compact Commission to extend said Compact for a period of 4 years from September 1, 1963, and each 4 years thereafter for a like period, in conformity with approval thereof by the Congress of the United States. Nothing herein contained shall affect the power of the Governor to withdraw this State from said Compact in accordance with Section 3 of this Act. (Source: Laws 1963, p. 2022.)