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1 | AN ACT concerning economic development.
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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 Department of Commerce and Economic | ||||||||||||||||||||||||
5 | Opportunity Law of the
Civil Administrative Code of Illinois is | ||||||||||||||||||||||||
6 | amended by adding Section 605-8 as follows: | ||||||||||||||||||||||||
7 | (20 ILCS 605/605-8 new) | ||||||||||||||||||||||||
8 | Sec. 605-8. Economic Development Advisory Board. | ||||||||||||||||||||||||
9 | (a) The Economic Development Advisory Board is created | ||||||||||||||||||||||||
10 | within the Department. | ||||||||||||||||||||||||
11 | (b) The Advisory Board shall consist of 10 voting members | ||||||||||||||||||||||||
12 | as follows: 2 members appointed by the Governor, one of whom | ||||||||||||||||||||||||
13 | shall be designated as the chairperson of the Advisory Board at | ||||||||||||||||||||||||
14 | the time of appointment; 2 members appointed by the President | ||||||||||||||||||||||||
15 | of the Senate; 2 members appointed by the Minority Leader of | ||||||||||||||||||||||||
16 | the Senate; 2 members appointed by the Speaker of the House of | ||||||||||||||||||||||||
17 | Representatives; and 2 members appointed by the Minority Leader | ||||||||||||||||||||||||
18 | of the House of Representatives. The Director or his or her | ||||||||||||||||||||||||
19 | designee shall serve, ex officio, as a nonvoting member. | ||||||||||||||||||||||||
20 | Of the members appointed by each legislative leader, one | ||||||||||||||||||||||||
21 | must be a member of the General Assembly and one must (i) have | ||||||||||||||||||||||||
22 | meaningful experience in matters concerning economic | ||||||||||||||||||||||||
23 | development; (ii) have knowledge about the economic | ||||||||||||||||||||||||
24 | development needs of the State and its regions; and (iii) have | ||||||||||||||||||||||||
25 | the ability to contribute to the evaluation of current State | ||||||||||||||||||||||||
26 | economic development efforts and to the planning of future | ||||||||||||||||||||||||
27 | endeavors and programs to develop the State's economy. | ||||||||||||||||||||||||
28 | Each appointed member shall serve at the pleasure of the | ||||||||||||||||||||||||
29 | person, or his or her successor, who appointed the member. If a | ||||||||||||||||||||||||
30 | vacancy occurs in the Advisory Board membership, the vacancy | ||||||||||||||||||||||||
31 | shall be filled in the same manner as the initial appointment. | ||||||||||||||||||||||||
32 | All members must be appointed to the Advisory Board on or |
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1 | before January 1, 2005. | ||||||
2 | (c) The Advisory Board may begin to conduct business on | ||||||
3 | January 1, 2005. The Advisory Board may adopt bylaws, it must | ||||||
4 | meet at least once each calendar quarter, and it may establish | ||||||
5 | committees and officers as it deems necessary. For purposes of | ||||||
6 | Advisory Board meetings, a quorum is 6 members. Meetings of the | ||||||
7 | Advisory Board are subject to the Open Meetings Act. The | ||||||
8 | Advisory Board must afford an opportunity for public comment at | ||||||
9 | each of its meetings. | ||||||
10 | (d) Advisory Board members shall serve without | ||||||
11 | compensation, but may be reimbursed for their reasonable travel | ||||||
12 | expenses from funds available for that purpose. The Department | ||||||
13 | shall provide staff and administrative support services to the | ||||||
14 | Advisory Board. | ||||||
15 | (e) The Advisory Board shall make recommendations to the | ||||||
16 | Department concerning all of the following: | ||||||
17 | (1) The development of statewide, regional, and local | ||||||
18 | economic development strategies, objectives, benchmarks, | ||||||
19 | and plans. | ||||||
20 | (2) The assessment and periodic reassessment of these | ||||||
21 | development strategies, objectives, benchmarks, and plans. | ||||||
22 | (3) A review of the State's economic strengths and | ||||||
23 | weaknesses relative to other American states and, where | ||||||
24 | applicable, to foreign nations. | ||||||
25 | (4) The evaluation and periodic reevaluation of the | ||||||
26 | success of economic programs in meeting State, regional, or | ||||||
27 | local economic development goals and strategies and of the | ||||||
28 | effectiveness of the Department's implementation of these | ||||||
29 | economic programs. | ||||||
30 | (5) The development and implementation of cost-benefit | ||||||
31 | analyses of economic development projects and the | ||||||
32 | appraisal of these analyses for business projects seeking | ||||||
33 | economic development assistance. | ||||||
34 | (6) The assessment of State programs and policies | ||||||
35 | implemented and enforced by all other State agencies and | ||||||
36 | their impact on economic development and the business |
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1 | climate in the State. | ||||||
2 | (7) Any other task pertaining to the economic, | ||||||
3 | business, and workforce development of this State.
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4 | Section 99. Effective date. This Act takes effect upon | ||||||
5 | becoming law.
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