SB1912ham001 96TH GENERAL ASSEMBLY

Executive Committee

Filed: 5/26/2009

09600SB1912ham001 LRB096 11225 RCE 27487 a

AMENDMENT TO SENATE BILL 1912

AMENDMENT NO. ______. Amend Senate Bill 1912 by replacing everything after the enacting clause with the following:

"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. Eight members of the Authority shall constitute a quorum. All meetings shall be conducted at a single location within this State with a quorum of members physically present at this location. Other members who are not physically present at this location may participate in the meeting and vote on all matters by means of a video or audio conference. 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; 93-1101, eff. 3-31-05.)".