SOUTHERN IL ECON DEV AUTHORITY House SponsorsRep. William J. Grunloh-Ron Stephens-Kurt M. Granberg-John A. Fritchey-David E. Miller and Roger L. Eddy Senate Sponsors(Sen. James A. DeLeo) 1/11/2005HouseSession Sine Die New Act Creates the Southern Illinois Economic Development Authority Act. Creates the Southern Illinois Economic Development Authority in Clay, Effingham, Fayette, Franklin, Jefferson, Marion, Washington, and Williamson counties in order to promote economic development within those counties. Contains provisions concerning the powers and duties of the Authority. Allows the Authority to acquire, own, sell, lease, or otherwise dispose of interests in real property and to issue bonds, notes, or other evidences of indebtedness for certain purposes. Provides that the Authority shall be governed by a 19-member board. Contains other provisions. Effective immediately.House Amendment No. 1 Adds reference to:30 ILCS 5/3-1from Ch. 15, par. 303-1Deletes everything. Reinserts the provisions of the bill as introduced. Creates the Southeastern Illinois Economic Development Authority in Fayette, Cumberland, Clark, Effingham, Jasper, Crawford, Marion, Clay, Richland, Lawrence, Jefferson, Wayne, Edwards, Wabash, Hamilton, and White counties (rather than Clay, Effingham, Fayette, Franklin, Jefferson, Marion, Washington, and Williamson counties). Provides that the Authority shall be governed by a 10-member board (rather than a 19-member board) and makes corresponding changes. Provides that the Governor shall appoint 9 (rather than 10) public members. Deletes a provision requiring that the chairman of the county board of each county within the territorial jurisdiction of the Authority shall appoint one member. Provides that each member of the Authority shall hold office for a term of 3 years (rather than 6 years). Deletes a provision requiring the Department of Commerce and Economic Opportunity to pay the compensation of the executive director from appropriations received for that purpose. Limits the aggregate amount of bonds that may be issued by the Authority to $25,000,000. Deletes a provision prohibiting the Authority from issuing any bonds relating to the financing of a project located within the planning and subdivision control jurisdiction of any municipality unless the corporate authorities of the municipality do not, or the county board does not, adopt a resolution disapproving the project within 45 days after receipt of the notice. Requires the Auditor General to conduct a financial audit of the Authority every 5 years. Amends the Illinois State Auditing Act to give the Auditor General jurisdiction to conduct financial audits of the Authority. Effective immediately.Fiscal Note (Department of Commerce and Economic Opportunity) House Bill 4532 with House Amendment 1 is estimated to have no fiscal impact on the Department of Commerce and Economic Opportunity relating to the appointment or removal of Authority members.State Debt Impact Note (Economic and Fiscal Commission) House Bill 4532, as amended by House Amendment 1, would not change the amount of authorization for any type of State-issued bond. However, it does permit for the State's moral obligation pledge to be utilized by the Southeastern Illinois Economic Development Authority. The State is not legally obligated to pay in the event of default on moral obligation bonds, but the Governor may include the default amount in the budget for possible legislative action. 2/3/2004HouseFiled with the Clerk by Rep. Kurt M. Granberg 2/3/2004HouseFirst Reading 2/3/2004HouseReferred to Rules Committee 2/19/2004HouseAssigned to State Government Administration Committee 3/2/2004HouseChief Sponsor Changed to Rep. William J. Grunloh 3/2/2004HouseAdded Chief Co-Sponsor Rep. Kurt M. Granberg 3/3/2004HouseAdded Co-Sponsor Rep. Roger L. Eddy 3/4/2004HouseDo Pass / Short Debate State Government Administration Committee; 011-000-000 3/4/2004HousePlaced on Calendar 2nd Reading - Short Debate 3/26/2004HouseHouse Amendment No. 1 Filed with Clerk by Rep. William J. Grunloh 3/26/2004HouseHouse Amendment No. 1 Referred to Rules Committee 3/30/2004HouseFiscal Note Requested by Rep. Jay C. Hoffman; As Amended by HA 1 3/30/2004HouseFiscal Note Filed As Amended by HA 1 3/31/2004HouseState Debt Impact Note Filed As Amended by HA 1 3/31/2004HouseHouse Amendment No. 1 Recommends Be Adopted Rules Committee; 004-000-000 3/31/2004HouseSecond Reading - Short Debate 3/31/2004HouseHouse Amendment No. 1 Adopted by Voice Vote 3/31/2004HousePlaced on Calendar Order of 3rd Reading - Short Debate 4/1/2004HouseChief Co-Sponsor Rep. Ron Stephens 4/1/2004HouseChief Co-Sponsor Rep. John A. Fritchey 4/1/2004HouseChief Co-Sponsor Rep. David E. Miller 4/1/2004HouseThird Reading - Short Debate - Passed 063-041-014 4/6/2004SenateArrive in Senate 4/6/2004SenatePlaced on Calendar Order of First Reading April 20, 2004 4/21/2004SenateChief Senate Sponsor Sen. James A. DeLeo 4/21/2004SenateFirst Reading 4/21/2004SenateReferred to Rules 1/11/2005HouseSession Sine Die