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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 Southeastern Illinois
Economic Development | |||||||||||||||||||
5 | Authority
Act is amended by changing Section 20 as follows: | |||||||||||||||||||
6 | (70 ILCS 518/20)
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7 | Sec. 20. Creation.
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8 | (a) There is created a political subdivision, body politic, | |||||||||||||||||||
9 | and municipal
corporation named the the Southeastern
Illinois | |||||||||||||||||||
10 | Economic Development Authority. The territorial jurisdiction | |||||||||||||||||||
11 | of the
Authority is that geographic
area within the boundaries | |||||||||||||||||||
12 | of the following counties: Fayette, Cumberland, Clark, | |||||||||||||||||||
13 | Effingham, Jasper, Crawford, Marion, Clay, Richland, Lawrence, | |||||||||||||||||||
14 | Jefferson, Wayne, Edwards, Wabash, Hamilton, and White; | |||||||||||||||||||
15 | Irvington Township in Washington County; and any
navigable | |||||||||||||||||||
16 | waters and
air space located therein.
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17 | (b) The governing and administrative powers of the | |||||||||||||||||||
18 | Authority shall be vested
in a body consisting of 10
members as | |||||||||||||||||||
19 | follows: | |||||||||||||||||||
20 | (1) Nine members shall be appointed by the Governor
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21 | with the advice and
consent of the Senate. | |||||||||||||||||||
22 | (2) One member shall be appointed by the Director of | |||||||||||||||||||
23 | Commerce and Economic Opportunity. |
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1 | All public members shall reside within
the territorial
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2 | jurisdiction of the Authority.
The public members shall be | ||||||
3 | persons of recognized ability and experience in one
or more of | ||||||
4 | the following
areas: economic development, finance, banking, | ||||||
5 | industrial development, state or
local government, commercial | ||||||
6 | agriculture, small
business management, real
estate | ||||||
7 | development, community development, venture finance, organized | ||||||
8 | labor, or
civic or community
organization.
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9 | (c) Six members shall constitute a quorum.
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10 | (d) The chairman of the Authority shall be elected annually | ||||||
11 | by the Board.
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12 | (e) The terms of all initial members of the Authority shall | ||||||
13 | begin 30 days
after the effective date of this
Act. Of the 10 | ||||||
14 | original members appointed pursuant to subsection (b), one | ||||||
15 | shall serve until the third Monday in January, 2005; one shall | ||||||
16 | serve until the third Monday in January, 2006; 2 shall serve | ||||||
17 | until the third Monday in January, 2007; 2 shall serve until | ||||||
18 | the third Monday in January, 2008; 2 shall serve until the | ||||||
19 | third Monday in January, 2009; and 2 shall serve until the | ||||||
20 | third Monday in January, 2010. All successors to these original | ||||||
21 | public members shall be appointed by the Governor with the | ||||||
22 | advice and consent of the Senate, or by the Director of | ||||||
23 | Commerce and Economic Opportunity, as the case may be, pursuant | ||||||
24 | to subsection (b), and shall hold office for a term of 3 years | ||||||
25 | commencing the third Monday in January of the year in which | ||||||
26 | their term commences, except in the case of an appointment to |
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1 | fill a vacancy. Vacancies occurring among the public members | ||||||
2 | shall be filled for the
remainder of the term. In case of
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3 | vacancy in a Governor-appointed membership when the Senate is | ||||||
4 | not in session,
the Governor may make a
temporary appointment | ||||||
5 | until the next meeting of the Senate when a person shall
be | ||||||
6 | nominated to fill the
office and, upon confirmation by the | ||||||
7 | Senate, he or she shall hold office during
the remainder of the | ||||||
8 | term
and until a successor is appointed and qualified. Members | ||||||
9 | of the Authority are
not entitled to
compensation for their | ||||||
10 | services as members but are entitled to reimbursement
for all | ||||||
11 | necessary expenses
incurred in connection with the performance | ||||||
12 | of their duties as members.
Members of the Board may | ||||||
13 | participate in Board meetings by teleconference or video | ||||||
14 | conference.
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15 | (f) The Governor may remove any public member of the | ||||||
16 | Authority appointed by the Governor, and the Director of | ||||||
17 | Commerce and Economic Opportunity may remove any public member | ||||||
18 | appointed by the Director, in case of
incompetence, neglect of
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19 | duty, or malfeasance in office.
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20 | (g) The Board shall appoint an Executive Director who shall | ||||||
21 | have a
background in finance, including
familiarity with the | ||||||
22 | legal and procedural requirements of issuing bonds, real
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23 | estate, or economic
development and administration. The | ||||||
24 | Executive Director shall hold office at the
discretion of the | ||||||
25 | Board.
The Executive Director shall be the chief administrative | ||||||
26 | and operational
officer of the Authority, shall
direct and |
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1 | supervise its administrative affairs and general management, | ||||||
2 | perform
such other duties as may
be prescribed from time to | ||||||
3 | time by the members, and receive compensation fixed
by the | ||||||
4 | Authority. The
Executive Director shall attend all meetings of | ||||||
5 | the Authority. However, no
action of the Authority shall be
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6 | invalid on account of the absence of the Executive Director | ||||||
7 | from a meeting. The
Authority may engage
the services of the | ||||||
8 | Illinois Finance Authority, attorneys, appraisers,
engineers, | ||||||
9 | accountants, credit
analysts, and other consultants, if the | ||||||
10 | Southeastern Illinois Economic Development Authority deems it | ||||||
11 | advisable.
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12 | (Source: P.A. 93-968, eff. 8-20-04; 94-613, eff. 8-18-05.)
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