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1 | AN ACT concerning local 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 Eastern Illinois
Economic Development | ||||||
5 | Authority
Act is amended by changing Sections 15 and 20 as | ||||||
6 | follows: | ||||||
7 | (70 ILCS 506/15)
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8 | Sec. 15. Creation. | ||||||
9 | (a) There is created a political subdivision, body politic, | ||||||
10 | and municipal
corporation named the Eastern
Illinois Economic | ||||||
11 | Development Authority. The territorial jurisdiction of the
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12 | Authority is that geographic
area within the boundaries of the | ||||||
13 | following counties: Ford, Iroquois, Piatt, Champaign, | ||||||
14 | Vermilion, Douglas, Moultrie, Shelby, Coles, and Edgar and any
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15 | navigable waters and
air space located therein.
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16 | (b) The governing and administrative powers of the | ||||||
17 | Authority shall be vested
in a body consisting of 14
members as | ||||||
18 | follows:
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19 | (1) Ex officio members. The Director of Commerce and
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20 | Economic Opportunity, or
a designee of that Department, | ||||||
21 | shall serve as an ex officio member.
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22 | (2) Public members. Three members shall be appointed by | ||||||
23 | the Governor with the advice and
consent of the Senate. The |
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1 | county board chairperson of the following counties
shall | ||||||
2 | each appoint one
member: Ford, Iroquois, Piatt, Champaign, | ||||||
3 | Vermilion, Douglas, Moultrie, Shelby, Coles, and Edgar. | ||||||
4 | All public members shall reside within
the territorial
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5 | jurisdiction of the Authority.
The public members shall be | ||||||
6 | persons of recognized ability and experience in one
or more | ||||||
7 | of the following
areas: economic development, finance, | ||||||
8 | banking, industrial development, state or
local | ||||||
9 | government, commercial agriculture, small
business | ||||||
10 | management, real
estate development, community | ||||||
11 | development, venture finance, organized labor, or
civic or | ||||||
12 | community
organization.
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13 | (c) A majority of the members appointed under item (2) of | ||||||
14 | subsection (b) of this Section
8 members shall constitute a | ||||||
15 | quorum.
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16 | (d) The chairperson of the Authority shall be elected | ||||||
17 | annually by the Board and must be a public member that resides | ||||||
18 | within the territorial jurisdiction of the Authority.
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19 | (e) The terms of all initial members of the Authority shall | ||||||
20 | begin 30 days
after the effective date of this
Act.
Of the 3 | ||||||
21 | original public members appointed by the Governor, 1
shall | ||||||
22 | serve until the third Monday in January, 2006; 1 shall serve | ||||||
23 | until the
third Monday in January, 2007; 1 shall serve until | ||||||
24 | the third Monday in January,
2008. The initial terms of the | ||||||
25 | original public members appointed by the county board | ||||||
26 | chairpersons shall be determined by lot, according to the |
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1 | following schedule: (i) 2 shall serve until the third Monday in | ||||||
2 | January, 2006, (ii) 2 shall serve until the third Monday in | ||||||
3 | January, 2007, (iii) 2 shall serve until the third Monday in | ||||||
4 | January, 2008, (iv) 2 shall serve until the third Monday in | ||||||
5 | January, 2009, and (v) 2 shall serve until the third Monday in | ||||||
6 | January, 2010. All successors to these original
public
members | ||||||
7 | shall be appointed by the original appointing authority and all | ||||||
8 | appointments made by the Governor shall be made with the advice | ||||||
9 | and consent of the Senate, pursuant to subsection (b), and | ||||||
10 | shall hold office for a term of 6 years
commencing the third | ||||||
11 | Monday in January of the year in which their term
commences, | ||||||
12 | except in the case of an appointment to fill a vacancy.
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13 | Vacancies occurring among the public members shall be filled | ||||||
14 | for the
remainder of the term. In case of
vacancy in a | ||||||
15 | Governor-appointed membership when the Senate is not in | ||||||
16 | session,
the Governor may make a
temporary appointment until | ||||||
17 | the next meeting of the Senate when a person shall
be nominated | ||||||
18 | to fill the
office and, upon confirmation by the Senate, he or | ||||||
19 | she shall hold office during
the remainder of the term
and | ||||||
20 | until a successor is appointed and qualified. Members of the | ||||||
21 | Authority are
not entitled to
compensation for their services | ||||||
22 | as members but are entitled to reimbursement
for all necessary | ||||||
23 | expenses
incurred in connection with the performance of their | ||||||
24 | duties as members.
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25 | (f) The Governor or a county board chairperson, as the case | ||||||
26 | may be, may remove any public member of the Authority in case |
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1 | of
incompetence, neglect of
duty, or malfeasance in office. The | ||||||
2 | chairperson of a county board may remove any
public member | ||||||
3 | appointed
by that chairperson in the case of incompetence, | ||||||
4 | neglect of duty, or malfeasance
in office.
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5 | (g) The Board shall appoint an Executive Director who shall | ||||||
6 | have a
background in finance, including
familiarity with the | ||||||
7 | legal and procedural requirements of issuing bonds, real
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8 | estate, or economic
development and administration. The | ||||||
9 | Executive Director shall hold office at the
discretion of the | ||||||
10 | Board.
The Executive Director shall be the chief administrative | ||||||
11 | and operational
officer of the Authority, shall
direct and | ||||||
12 | supervise its administrative affairs and general management, | ||||||
13 | perform
such other duties as may
be prescribed from time to | ||||||
14 | time by the members, and receive compensation fixed
by the | ||||||
15 | Authority. The Department of Commerce and Economic Opportunity | ||||||
16 | shall pay
the compensation of the Executive Director from | ||||||
17 | appropriations received for
that purpose. The
Executive | ||||||
18 | Director shall attend all meetings of the Authority. However, | ||||||
19 | no
action of the Authority shall be
invalid on account of the | ||||||
20 | absence of the Executive Director from a meeting. The
Authority | ||||||
21 | may engage
the services of
the Illinois Finance Authority, | ||||||
22 | attorneys, appraisers, engineers, accountants,
credit | ||||||
23 | analysts, and other consultants if the Eastern Illinois | ||||||
24 | Economic
Development Authority deems it advisable.
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25 | (Source: P.A. 94-203, eff. 7-13-05.) |
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1 | (70 ILCS 506/20)
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2 | Sec. 20. Duty. All official acts of the Authority shall | ||||||
3 | require the
approval of at least 8 11 members. It
shall be the | ||||||
4 | duty of the Authority to promote development within the | ||||||
5 | geographic
confines of
Ford, Iroquois, Piatt, Champaign, | ||||||
6 | Vermilion, Douglas, Moultrie, Shelby, Coles, and Edgar
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7 | counties. The Authority shall use the powers conferred upon it | ||||||
8 | to assist in the
development, construction,
and acquisition of | ||||||
9 | industrial, commercial, housing, or residential projects
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10 | within its territorial jurisdiction.
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11 | (Source: P.A. 94-203, eff. 7-13-05.)
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12 | Section 99. Effective date. This Act takes effect upon | ||||||
13 | becoming law.
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