HB3553 94TH GENERAL ASSEMBLY

LRB094 10097 RSP 40358 b

94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006
HB3553

Introduced 2/24/2005, by Rep. Barbara Flynn Currie

SYNOPSIS AS INTRODUCED:

20 ILCS 3501/801-25

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.

A BILL FOR

AN ACT concerning State government.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The Illinois Finance Authority Act is amended by changing Section 801-25 as follows:

(20 ILCS 3501/801-25)

Sec. 801-25. All official acts of the the Authority shall require the approval of at least 8 members. All meetings of the Authority and the Advisory Councils shall be conducted in accordance with the Open Meetings Act. All meetings shall be conducted at a single location within this State among members physically present at this location. The Auditor General shall conduct financial audits and program audits of the Authority, in accordance with the Illinois State Auditing Act.

(Source: P.A. 93-205, eff. 1-1-04.)