(65 ILCS 97/25)
    Sec. 25. Duties and Functions of Commission. The duties and functions of the governing commission of a program shall include the following:
    (a) To establish policies, rules, regulations, bylaws, and procedures for both the governing commission and the program. No policies, rules, regulations, or bylaws shall be adopted by the governing commission without prior notice to the residents of the territory of a program and an opportunity for such residents to be heard.
    (b) To provide annual status reports on the program to the mayor and corporate authorities of the municipality, to provide an assessment to the General Assembly on the feasibility of expanding this Act beyond the Pilot Project Area, and to hold a minimum of one public meeting per year within the territory to provide a status report and to receive community input.
    (c) To manage, administer, and invest the security fund.
    (d) To employ necessary personnel, acquire necessary office space, enter into contractual relationships and disburse funds in accordance with the provisions of this Act.
    (e) To establish criteria and standards necessary for an open bidding process for hiring a security firm to perform patrol services and to oversee the contract with the security firm.
    (f) To purchase and maintain sufficient insurance against liabilities and losses.
    (g) To perform such other functions in connection with the program and the security fund as required under this Act.
(Source: P.A. 88-439.)