Senate Sponsors: BUTLER-CRONIN-KLEMM. House Sponsors: MOFFITT-CLAYTON Short description: MUNI OFFICER-CONFLICT OF INT Synopsis of Bill as introduced: Amends the Public Officer Prohibited Activities Act and the Illinois Municipal Code. Provides that a municipal officer is not deemed interested in a company if the officer is an employee of or owns or holds an interest of 1% or less, or both, in the officer's individual name in a company that is involved in the transaction of business with the municipality and that company's stock is traded on a nationally recognized securities market. Provides that a municipal officer is not deemed interested in a company if the officer owns or holds an interest of 1% or less, not in the officer's individual name but through a mutual fund, in a company, that company is involved in the transaction of business with the municipality, and that company's stock is traded on a nationally recognized securities market. Provides that any person serving on a municipal advisory panel or commission or nongoverning board or commission is not prohibited (now is prohibited) from having an interest in the transaction of business with the municipality unless that person's duties include evaluating, recommending, approving, or voting to recommend or approve the business. SENATE AMENDMENT NO. 1. Deletes everything. Amends the Public Officer Prohibited Activities Act and the Illinois Municipal Code. Provides that a member of a governing body may have a 1% ownership interest in an entity providing materials or services to the governing body if the member publicly discloses the interest before or during deliberations of the contract. Provides that a municipal officer is not deemed interested in a company if the officer is an employee of or owns or holds an interest of 1% or less, or both, in the officer's individual name in a company that is involved in the transaction of business with the municipality and that company's stock is traded on a nationally recognized securities market. Provides that a municipal officer is not deemed interested in a company if the officer owns or holds an interest of 1% or less, not in the officer's individual name but through a mutual fund, in a company, that company is involved in the transaction of business with the municipality, and that company's stock is traded on a nationally recognized securities market. Provides that any person serving on a municipal advisory panel or commission or nongoverning board or commission is not prohibited (now is prohibited) from having an interest in the transaction of business with the municipality unless that person's duties include evaluating, recommending, approving, or voting to recommend or approve the business. Makes other changes. SENATE AMENDMENT NO. 2. Makes technical changes. Last action on Bill: PUBLIC ACT.............................. 90-0364 Last action date: 97-08-10 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 2 END OF INQUIRY Full Text Bill Status