HB2296 95TH GENERAL ASSEMBLY

LRB095 01218 LCT 21220 b

95TH GENERAL ASSEMBLY
State of Illinois
2007 and 2008
HB2296

Introduced 2/26/2007, by Rep. Michael J. Madigan - Barbara Flynn Currie - Mike Boland

SYNOPSIS AS INTRODUCED:

815 ILCS 705/21

from Ch. 121 1/2, par. 1721

Amends the Franchise Disclosure Act of 1987. Makes a technical change in a Section concerning the creation of the Franchise Advisory Board.

A BILL FOR

AN ACT concerning business.

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

Section 5. The Franchise Disclosure Act of 1987 is amended by changing Section 21 as follows:

(815 ILCS 705/21) (from Ch. 121 1/2, par. 1721)

Sec. 21. Franchise Advisory Board. There is created in the the Office of the Administrator a Franchise Advisory Board. The Franchise Advisory Board shall consist of such members as the Administrator deems appropriate to advise him on franchising and franchise related matters. The members shall be persons who have knowledge and experience in franchising. The members of the Franchise Advisory Board shall serve at the pleasure of the Administrator. The Franchise Advisory Board from time to time shall make recommendations concerning the administration and enforcement of this Act. Members of the Franchise Advisory Board shall serve without compensation but shall be reimbursed for actual and necessary expenses incurred in their official capacities. The Board shall select its own chairman, establish rules and procedures, and keep a record of matters transpiring at all meetings.

(Source: P.A. 85-551.)