State of Illinois
91st General Assembly
Legislation

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[ Introduced ][ Enrolled ][ Senate Amendment 002 ]

91_HB2261eng

 
HB2261 Engrossed                               LRB9104860DHmg

 1        AN  ACT  to  amend  the  Upper  Illinois   River   Valley
 2    Development Authority Act by changing Section 4.

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

 5        Section 5.  The Upper Illinois River  Valley  Development
 6    Authority Act is amended by changing Section 4 as follows:

 7        (70 ILCS 530/4) (from Ch. 85, par. 7154)
 8        Sec. 4.  Establishment.
 9        (a)  There  is  hereby  created  a political subdivision,
10    body  politic  and  municipal  corporation  named  the  Upper
11    Illinois River Valley Development Authority. The  territorial
12    jurisdiction  of the Authority is that geographic area within
13    the boundaries of Grundy, LaSalle, Bureau,  Putnam,  Kendall,
14    Kane, McHenry, and Marshall counties in the State of Illinois
15    and any navigable waters and air space located therein.
16        (b)  The  governing  and  administrative  powers  of  the
17    Authority  shall  be  vested  in  a  body consisting of 20 18
18    members including, as ex officio members, the Director of the
19    Department of Commerce and Community Affairs, or his  or  her
20    designee,  and  the  Director  of  the  Department of Central
21    Management Services, or his or her designee. The other 18  16
22    members   of   the  Authority  shall  be  designated  "public
23    members", 10 of whom shall be appointed by the Governor  with
24    the advice and consent of the Senate and 8 6 of whom shall be
25    appointed  one  each  by the county board chairmen of Grundy,
26    LaSalle, Bureau, Putnam, Kendall, Kane, McHenry, and Marshall
27    counties.   All  public  members  shall  reside  within   the
28    territorial  jurisdiction  of  this  Act.  Eleven Ten members
29    shall constitute  a  quorum.  The  public  members  shall  be
30    persons  of  recognized ability and experience in one or more
31    of  the  following  areas:  economic  development,   finance,
 
HB2261 Engrossed            -2-                LRB9104860DHmg
 1    banking,  industrial  development, small business management,
 2    real  estate  development,  community  development,   venture
 3    finance,  organized labor or civic, community or neighborhood
 4    organization. The Chairman of the Authority shall be  elected
 5    by  the  Board annually from the 8 6 members appointed by the
 6    county board chairmen.
 7        (c)  The terms of all initial members  of  the  Authority
 8    shall begin 30 days after the effective date of this Act.  Of
 9    the  14  public  members  appointed  pursuant  to this Act, 4
10    appointed by the Governor shall serve until the third  Monday
11    in  January,  1992,  4  appointed by the Governor shall serve
12    until the third Monday in January, 1993, one appointed by the
13    Governor shall serve until the third Monday in January, 1994,
14    one appointed by the Governor shall  serve  until  the  third
15    Monday  in  January  1999, the member appointed by the county
16    board chairman of LaSalle County shall serve until the  third
17    Monday  in January, 1992, the members appointed by the county
18    board  chairmen  of  Grundy  County,  Bureau  County,  Putnam
19    County, and Marshall  County  shall  serve  until  the  third
20    Monday  in  January,  1994,  and  the member appointed by the
21    county board chairman of Kendall County shall serve until the
22    third Monday in January, 1999. The initial members  appointed
23    by  the  chairmen  of  the  county boards of Kane and McHenry
24    counties shall serve until the third Monday in January, 2003.
25    All successors shall be appointed by the original  appointing
26    authority  and  hold  office for a term of 3 years commencing
27    the third Monday in January of the year in which  their  term
28    commences,  except  in  case  of  an  appointment  to  fill a
29    vacancy. Vacancies occurring among the public  members  shall
30    be  filled  for the remainder of the term. In case of vacancy
31    in a Governor-appointed membership when the Senate is not  in
32    session,  the Governor may make a temporary appointment until
33    the next meeting  of  the  Senate  when  a  person  shall  be
34    nominated  to  fill  such office, and any person so nominated
 
HB2261 Engrossed            -3-                LRB9104860DHmg
 1    who is confirmed by the Senate shall hold office  during  the
 2    remainder  of  the  term  and  until  a  successor  shall  be
 3    appointed  and  qualified. Members of the Authority shall not
 4    be entitled to compensation for their services as members but
 5    shall be entitled to reimbursement for all necessary expenses
 6    incurred in connection with the performance of  their  duties
 7    as members.
 8        (d)  The  Governor  may  remove  any public member of the
 9    Authority in  case  of  incompetency,  neglect  of  duty,  or
10    malfeasance in office.
11        (e)  The  Board  shall  appoint an Executive Director who
12    shall have a background  in  finance,  including  familiarity
13    with  the legal and procedural requirements of issuing bonds,
14    real estate or economic development and administration.   The
15    Executive Director shall hold office at the discretion of the
16    Board.    The   Executive   Director   shall   be  the  chief
17    administrative and  operational  officer  of  the  Authority,
18    shall  direct  and  supervise  its administrative affairs and
19    general management, shall perform such other duties as may be
20    prescribed from time to time by the members and shall receive
21    compensation fixed by the Authority.  The Executive  Director
22    shall  attend  all  meetings  of  the  Authority; however, no
23    action of the Authority shall be invalid on  account  of  the
24    absence  of  the  Executive  Director  from  a  meeting.  The
25    Authority may engage the services of such  other  agents  and
26    employees,   including   attorneys,   appraisers,  engineers,
27    accountants, credit analysts and other consultants, as it may
28    deem advisable and may prescribe their duties and  fix  their
29    compensation.
30        (f)  The  Board  may,  by majority vote, nominate up to 4
31    non-voting  members  for   appointment   by   the   Governor.
32    Non-voting members shall be persons of recognized ability and
33    experience  in  one  or more of the following areas: economic
34    development, finance, banking, industrial development,  small
 
HB2261 Engrossed            -4-                LRB9104860DHmg
 1    business   management,  real  estate  development,  community
 2    development,  venture  finance,  organized  labor  or  civic,
 3    community or neighborhood  organization.  Non-voting  members
 4    shall  serve  at  the  pleasure  of the Board. All non-voting
 5    members may  attend  meetings  of  the  Board  and  shall  be
 6    reimbursed as provided in subsection (c).
 7        (g)  The  Board  shall  create  a task force to study and
 8    make recommendations to the Board on the economic development
 9    of the territory within the jurisdiction of  this  Act.   The
10    members of the task force shall reside within the territorial
11    jurisdiction  of this Act, shall serve at the pleasure of the
12    Board  and  shall  be  persons  of  recognized  ability   and
13    experience  in  one  or more of the following areas: economic
14    development, finance, banking, industrial development,  small
15    business   management,  real  estate  development,  community
16    development,  venture  finance,  organized  labor  or  civic,
17    community  or  neighborhood  organization.   The  number   of
18    members constituting the task force shall be set by the Board
19    and may vary from time to time.  The Board may set a specific
20    date  by  which  the task force is to submit its final report
21    and recommendations to the Board.
22    (Source: P.A. 89-211, eff. 8-3-95.)

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