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| | 98TH GENERAL ASSEMBLY
State of Illinois
2013 and 2014 HB5362 Introduced , by Rep. Frank J. Mautino SYNOPSIS AS INTRODUCED: |
| | Amends the Illinois Finance Authority Act. Makes a technical change in a Section concerning official Acts of the Authority, meetings of the Authority and the Advisory Councils, and audits by the Auditor General.
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| | A BILL FOR |
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| | HB5362 | | LRB098 19611 HLH 54805 b |
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1 | | AN ACT concerning State 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 Illinois Finance Authority Act is amended by |
5 | | changing Section 801-25 as follows:
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6 | | (20 ILCS 3501/801-25)
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7 | | Sec. 801-25. All official acts of the
the Authority shall |
8 | | require the approval
of
at least 8 members. All meetings of the |
9 | | Authority and the Advisory Councils
shall be conducted in |
10 | | accordance with the Open Meetings Act. Eight members of the |
11 | | Authority shall constitute a quorum. All meetings shall
be |
12 | | conducted at a single location within this State with a quorum |
13 | | of members physically present at this location. Other members |
14 | | who are not physically present at this location may participate |
15 | | in the meeting and vote on all matters by means of a video or |
16 | | audio conference. The Auditor General shall conduct financial |
17 | | audits
and program audits of the Authority, in accordance with |
18 | | the Illinois State
Auditing Act. |
19 | | (Source: P.A. 93-205, eff. 1-1-04; 93-1101, eff. 3-31-05.)
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