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HB0509 Engrossed |
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LRB094 06856 AJO 36962 b |
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| AN ACT concerning local government.
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| Be it enacted by the People of the State of Illinois,
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| represented in the General Assembly:
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| Section 5. The Southeastern Illinois
Economic Development |
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| Authority
Act is amended by changing Sections 20, 25 and 45 as |
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| follows: |
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| (70 ILCS 518/20)
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| Sec. 20. Creation.
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| (a) There is created a political subdivision, body politic, |
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| and municipal
corporation named the Southeastern
Illinois |
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| Economic Development Authority. The territorial jurisdiction |
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| of the
Authority is that geographic
area within the boundaries |
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| of the following counties: Fayette, Cumberland, Clark, |
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| Effingham, Jasper, Crawford, Marion, Clay, Richland, Lawrence, |
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| Jefferson, Wayne, Edwards, Wabash, Hamilton, and White ; |
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| Irvington Township in Washington County; and any
navigable |
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| waters and
air space located therein.
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| (b) The governing and administrative powers of the |
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| Authority shall be vested
in a body consisting of 10
members as |
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| follows: |
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| (1) Nine members shall be appointed by the Governor
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| with the advice and
consent of the Senate. |
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| (2) One member shall be appointed by the Director of |
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| Commerce and Economic Opportunity. |
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| All public members shall reside within
the territorial
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| jurisdiction of the Authority.
The public members shall be |
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| persons of recognized ability and experience in one
or more of |
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| the following
areas: economic development, finance, banking, |
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| industrial development, state or
local government, commercial |
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| agriculture, small
business management, real
estate |
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| development, community development, venture finance, organized |
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| labor, or
civic or community
organization.
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HB0509 Engrossed |
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LRB094 06856 AJO 36962 b |
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| (c) Six members shall constitute a quorum.
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| (d) The chairman of the Authority shall be elected annually |
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| by the Board.
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| (e) The terms of all initial members of the Authority shall |
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| begin 30 days
after the effective date of this
Act. Of the 10 |
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| original members appointed pursuant to subsection (b), one |
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| shall serve until the third Monday in January, 2005; one shall |
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| serve until the third Monday in January, 2006; 2 shall serve |
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| until the third Monday in January, 2007; 2 shall serve until |
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| the third Monday in January, 2008; 2 shall serve until the |
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| third Monday in January, 2009; and 2 shall serve until the |
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| third Monday in January, 2010. All successors to these original |
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| public members shall be appointed by the Governor with the |
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| advice and consent of the Senate, or by the Director of |
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| Commerce and Economic Opportunity, as the case may be, pursuant |
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| to subsection (b), and shall hold office for a term of 3 years |
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| commencing the third Monday in January of the year in which |
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| their term commences, except in the case of an appointment to |
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| fill a vacancy. Vacancies occurring among the public members |
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| shall be filled for the
remainder of the term. In case of
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| vacancy in a Governor-appointed membership when the Senate is |
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| not in session,
the Governor may make a
temporary appointment |
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| until the next meeting of the Senate when a person shall
be |
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| nominated to fill the
office and, upon confirmation by the |
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| Senate, he or she shall hold office during
the remainder of the |
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| term
and until a successor is appointed and qualified. Members |
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| of the Authority are
not entitled to
compensation for their |
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| services as members but are entitled to reimbursement
for all |
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| necessary expenses
incurred in connection with the performance |
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| of their duties as members.
Members of the Board may |
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| participate in Board meetings by teleconference or video |
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| conference.
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| (f) The Governor may remove any public member of the |
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| Authority appointed by the Governor, and the Director of |
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| Commerce and Economic Opportunity may remove any public member |
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| appointed by the Director, in case of
incompetence, neglect of
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HB0509 Engrossed |
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LRB094 06856 AJO 36962 b |
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| duty, or malfeasance in office.
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| (g) The Board shall appoint an Executive Director who shall |
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| have a
background in finance, including
familiarity with the |
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| legal and procedural requirements of issuing bonds, real
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| estate, or economic
development and administration. The |
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| Executive Director shall hold office at the
discretion of the |
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| Board.
The Executive Director shall be the chief administrative |
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| and operational
officer of the Authority, shall
direct and |
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| supervise its administrative affairs and general management, |
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| perform
such other duties as may
be prescribed from time to |
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| time by the members, and receive compensation fixed
by the |
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| Authority. The
Executive Director shall attend all meetings of |
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| the Authority. However, no
action of the Authority shall be
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| invalid on account of the absence of the Executive Director |
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| from a meeting. The
Authority may engage
the services of the |
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| Illinois Finance Authority, attorneys, appraisers,
engineers, |
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| accountants, credit
analysts, and other consultants, if the |
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| Southeastern Illinois Economic Development Authority deems it |
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| advisable.
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| (Source: P.A. 93-968, eff. 8-20-04.) |
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| (70 ILCS 518/25)
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| Sec. 25. Duty. All official acts of the Authority shall |
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| require the
approval of at least 6 members. It
shall be the |
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| duty of the Authority to promote development within the |
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| territorial jurisdiction of the Authority. The Authority shall |
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| use the powers conferred upon it to assist in the
development, |
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| construction,
and acquisition of industrial, commercial, |
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| housing, or residential projects
within its territorial |
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| jurisdiction
those counties .
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| (Source: P.A. 93-968, eff. 8-20-04.) |
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| (70 ILCS 518/45)
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| Sec. 45. Acquisition.
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| (a) The Authority may, but need not, acquire title to any |
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| project with
respect to which it exercises its
authority.
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HB0509 Engrossed |
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LRB094 06856 AJO 36962 b |
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| (b) The Authority shall have power to acquire by purchase, |
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| lease, gift, or
otherwise any property or
rights therein from |
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| any person or persons, the State of Illinois, any municipal
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| corporation, any local unit of
government, the government of |
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| the United States and any agency or
instrumentality of the |
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| United States,
any body politic, or any county useful for its |
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| purposes, whether improved for
the purposes of any
prospective |
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| project or unimproved. The Authority may also accept any |
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| donation
of funds for its purposes
from any of these sources.
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| (c) The Authority shall have power to develop, construct, |
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| and improve,
either under its own direction or
through |
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| collaboration with any approved applicant, or to acquire, |
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| through
purchase or otherwise, any
project, using for this |
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| purpose the proceeds derived from its sale of revenue
bonds, |
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| notes, or other
evidences of indebtedness or governmental loans |
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| or grants and shall have the
power to hold title to those
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| projects in the name of the Authority.
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| (d) The Authority shall have the power to enter into |
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| intergovernmental
agreements with the State of
Illinois, the |
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| counties of Fayette, Cumberland, Clark, Effingham, Jasper, |
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| Crawford, Marion, Clay, Richland, Lawrence, Jefferson, Wayne, |
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| Edwards, Wabash, Hamilton, and White ; Irvington Township in |
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| Washington County;
, the Illinois
Development Finance |
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| Authority, the Illinois Housing
Development Authority, the |
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| Illinois Education Facilities Authority, the
Illinois
Farm
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| Development Authority, the Rural Bond Bank,
the United States |
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| government and any agency or instrumentality of the United
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| States, any unit
of local government located within the |
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| territory of the Authority, or any other
unit of government to |
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| the
extent allowed by Article VII, Section 10 of the Illinois |
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| Constitution and the
Intergovernmental
Cooperation Act.
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| (e) The Authority shall have the power to share employees |
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| with other units
of government, including
agencies of the |
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| United States, agencies of the State of Illinois, and agencies
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| or personnel of any unit of
local government.
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| (f) The Authority shall have the power to exercise powers |