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| | 101ST GENERAL ASSEMBLY
State of Illinois
2019 and 2020
HB0481 Introduced , by Rep. Michael J. Madigan SYNOPSIS AS INTRODUCED:
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| | Amends the Illinois Finance Authority Act. Makes a technical change in a Section concerning official Acts of the Authority, meetings of the Authority and the Advisory Councils, and audits by the Auditor General.
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| | A BILL FOR |
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| | HB0481 | | LRB101 03094 RJF 48102 b |
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| 1 | | AN ACT concerning State government.
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| 2 | | Be it enacted by the People of the State of Illinois,
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| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Illinois Finance Authority Act is amended by |
| 5 | | changing Section 801-25 as follows:
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| 6 | | (20 ILCS 3501/801-25)
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| 7 | | Sec. 801-25. All official acts of the
the Authority shall |
| 8 | | require the approval
of
at least 8 members. All meetings of the |
| 9 | | Authority and the Advisory Councils
shall be conducted in |
| 10 | | accordance with the Open Meetings Act. Eight members of the |
| 11 | | Authority shall constitute a quorum. All meetings shall
be |
| 12 | | conducted at a single location within this State with a quorum |
| 13 | | of members physically present at this location. Other members |
| 14 | | who are not physically present at this location may participate |
| 15 | | in the meeting and vote on all matters by means of a video or |
| 16 | | audio conference. The Auditor General shall conduct financial |
| 17 | | audits
and program audits of the Authority, in accordance with |
| 18 | | the Illinois State
Auditing Act. |
| 19 | | (Source: P.A. 93-205, eff. 1-1-04; 93-1101, eff. 3-31-05.)
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