|
|||||||||||||||||||||||||
|
|||||||||||||||||||||||||
| |||||||||||||||||||||||||
| |||||||||||||||||||||||||
| |||||||||||||||||||||||||
1 | AN ACT concerning agriculture.
| ||||||||||||||||||||||||
2 | Be it enacted by the People of the State of Illinois,
| ||||||||||||||||||||||||
3 | represented in the General Assembly:
| ||||||||||||||||||||||||
4 | Section 1. Short title. This Act may be cited as the | ||||||||||||||||||||||||
5 | Illinois State Fair Foundation Act. | ||||||||||||||||||||||||
6 | Section 5. Creation of foundation. The General Assembly | ||||||||||||||||||||||||
7 | authorizes the Department of Agriculture, in accordance with | ||||||||||||||||||||||||
8 | Section 10 of the State Agency Entity Creation Act, to create | ||||||||||||||||||||||||
9 | the Illinois State Fair Foundation as a not-for-profit | ||||||||||||||||||||||||
10 | foundation. The Department shall file articles of | ||||||||||||||||||||||||
11 | incorporation as required under the General Not For Profit | ||||||||||||||||||||||||
12 | Corporation Act of 1986 to create the Foundation. The | ||||||||||||||||||||||||
13 | Foundation's Board of Directors shall be appointed as follows: | ||||||||||||||||||||||||
14 | 2 by the President of the Illinois Senate; 2 by the Minority | ||||||||||||||||||||||||
15 | Leader of the Illinois Senate; 2 by the Speaker of the Illinois | ||||||||||||||||||||||||
16 | House of Representatives; 2 by the Minority Leader of the | ||||||||||||||||||||||||
17 | Illinois House of Representatives; and 4 by the Governor. | ||||||||||||||||||||||||
18 | Vacancies shall be filled by the official who made the | ||||||||||||||||||||||||
19 | recommendation for the vacated appointment. The Director of | ||||||||||||||||||||||||
20 | Agriculture shall chair the Board of Directors of the | ||||||||||||||||||||||||
21 | Foundation. No member of the Board of Directors may receive | ||||||||||||||||||||||||
22 | compensation for his or her services to the Foundation. | ||||||||||||||||||||||||
23 | Section 10. Foundation purposes. The purposes of the | ||||||||||||||||||||||||
24 | Foundation are: to promote and support the Illinois State Fair; | ||||||||||||||||||||||||
25 | to solicit and accept sponsorships or contributions consistent | ||||||||||||||||||||||||
26 | with the stated intent of the donor and the goals of the | ||||||||||||||||||||||||
27 | Foundation; to accept grants for the acquisition, | ||||||||||||||||||||||||
28 | construction, improvement, and development of potential | ||||||||||||||||||||||||
29 | Foundation projects; to solicit and generate private funding | ||||||||||||||||||||||||
30 | and donations to support the Illinois State Fair; and to engage | ||||||||||||||||||||||||
31 | generally in other lawful endeavors consistent with the |
| |||||||
| |||||||
1 | foregoing purposes. The foundation shall operate within the | ||||||
2 | provisions of the General Not for Profit Corporation Act of | ||||||
3 | 1986.
| ||||||
4 | Section 15. Organization, powers, and duties of | ||||||
5 | foundation. As soon as practical after the Foundation is | ||||||
6 | created, the Board of Directors shall meet, organize, and | ||||||
7 | designate, by majority vote, a treasurer, secretary, and any | ||||||
8 | additional officers that may be needed to carry out the | ||||||
9 | activities of the Foundation, and shall adopt bylaws of the | ||||||
10 | Foundation. The Department of Agriculture may adopt other rules | ||||||
11 | deemed necessary to govern Foundation procedures. | ||||||
12 | The Foundation may accept gifts or grants from the federal | ||||||
13 | government, its agencies or officers, or from any person, firm, | ||||||
14 | or corporation, and may expend receipts on activities that it | ||||||
15 | considers suitable to the performance of its duties under this | ||||||
16 | Act and consistent with any requirement of the grant, gift, or | ||||||
17 | bequest. Funds collected by the Foundation shall be considered | ||||||
18 | private funds, except those received from public entities, and | ||||||
19 | shall be held in an appropriate account outside of the State | ||||||
20 | Treasury. The Foundation is authorized to transfer moneys into | ||||||
21 | the Illinois State Fair Fund for use by the Illinois State | ||||||
22 | Fair. Private funds collected by the Foundation are not subject | ||||||
23 | to the Public Funds Investment Act. Foundation procurement is | ||||||
24 | exempt from the Illinois Procurement Code when only private | ||||||
25 | funds are used for procurement expenditures. The treasurer of | ||||||
26 | the Foundation shall be custodian of all Foundation funds. The | ||||||
27 | Foundation's accounts and books shall be set up and maintained | ||||||
28 | in a manner approved by the Auditor General; and the Foundation | ||||||
29 | and its officers shall be responsible for the approval of | ||||||
30 | recording of receipts, approval of payments, and the proper | ||||||
31 | filing of required reports. The Foundation may be assisted in | ||||||
32 | carrying out its functions by personnel of the Department of | ||||||
33 | Agriculture. The Department shall provide reasonable | ||||||
34 | assistance to the Foundation to achieve the purposes of the | ||||||
35 | Foundation. The Foundation shall cooperate fully with the |
| |||||||
| |||||||
1 | boards, commissions, agencies, departments, and institutions | ||||||
2 | of the State. The funds held and made available by the Illinois | ||||||
3 | State Fair Foundation shall be subject to financial and | ||||||
4 | compliance audits by the Auditor General in compliance with the | ||||||
5 | Illinois State Auditing Act. | ||||||
6 | The Foundation shall not have any power of eminent domain.
| ||||||
7 | Section 20. Disclosure to donors of exemption from Public | ||||||
8 | Funds Investment Act. The Foundation must provide a written | ||||||
9 | notice to any entity providing a gift, grant, or bequest to the | ||||||
10 | Foundation that the Foundation is not subject to the provisions | ||||||
11 | of the Public Funds Investment Act which Act places limitations | ||||||
12 | on the types of securities in which a public agency may invest | ||||||
13 | public funds.
| ||||||
14 | Section 99. Effective date. This Act takes effect upon | ||||||
15 | becoming law.
|