Illinois General Assembly - Full Text of SB1854
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Full Text of SB1854  99th General Assembly

SB1854ham002 99TH GENERAL ASSEMBLY

Rep. Rita Mayfield

Filed: 5/14/2015

 

 


 

 


 
09900SB1854ham002LRB099 11056 HLH 35618 a

1
AMENDMENT TO SENATE BILL 1854

2    AMENDMENT NO. ______. Amend Senate Bill 1854 on page 2,
3immediately below line 26, by inserting the following:
 
4    "Section 7. The Upper Illinois River Valley Development
5Authority Act is amended by changing Section 4 as follows:
 
6    (70 ILCS 530/4)  (from Ch. 85, par. 7154)
7    Sec. 4. Establishment.
8    (a) There is hereby created a political subdivision, body
9politic and municipal corporation named the Upper Illinois
10River Valley Development Authority. The territorial
11jurisdiction of the Authority is that geographic area within
12the boundaries of Grundy, LaSalle, Bureau, Putnam, Kendall,
13Kane, Lake, McHenry, and Marshall counties in the State of
14Illinois and any navigable waters and air space located
15therein.
16    (b) The governing and administrative powers of the

 

 

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1Authority shall be vested in a body consisting of 21 20 members
2including, as ex officio members, the Director of Commerce and
3Economic Opportunity, or his or her designee, and the Director
4of the Department of Central Management Services, or his or her
5designee. The other 19 18 members of the Authority shall be
6designated "public members", 10 of whom shall be appointed by
7the Governor with the advice and consent of the Senate and 9 8
8of whom shall be appointed one each by the county board
9chairmen of Grundy, LaSalle, Bureau, Putnam, Kendall, Kane,
10Lake, McHenry, and Marshall counties. All public members shall
11reside within the territorial jurisdiction of this Act. Eleven
12members shall constitute a quorum. The public members shall be
13persons of recognized ability and experience in one or more of
14the following areas: economic development, finance, banking,
15industrial development, small business management, real estate
16development, community development, venture finance, organized
17labor or civic, community or neighborhood organization. The
18Chairman of the Authority shall be elected by the Board
19annually from the 8 members appointed by the county board
20chairmen.
21    (c) The terms of all initial members of the Authority shall
22begin 30 days after the effective date of this Act. Of the 14
23public members appointed pursuant to this Act, 4 appointed by
24the Governor shall serve until the third Monday in January,
251992, 4 appointed by the Governor shall serve until the third
26Monday in January, 1993, one appointed by the Governor shall

 

 

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1serve until the third Monday in January, 1994, one appointed by
2the Governor shall serve until the third Monday in January
31999, the member appointed by the county board chairman of
4LaSalle County shall serve until the third Monday in January,
51992, the members appointed by the county board chairmen of
6Grundy County, Bureau County, Putnam County, and Marshall
7County shall serve until the third Monday in January, 1994, and
8the member appointed by the county board chairman of Kendall
9County shall serve until the third Monday in January, 1999. The
10initial members appointed by the chairmen of the county boards
11of Kane and McHenry counties shall serve until the third Monday
12in January, 2003. The initial members appointed by the chairman
13of the county board of Lake County shall serve until the third
14Monday in January, 2018. All successors shall be appointed by
15the original appointing authority and hold office for a term of
163 years commencing the third Monday in January of the year in
17which their term commences, except in case of an appointment to
18fill a vacancy. Vacancies occurring among the public members
19shall be filled for the remainder of the term. In case of
20vacancy in a Governor-appointed membership when the Senate is
21not in session, the Governor may make a temporary appointment
22until the next meeting of the Senate when a person shall be
23nominated to fill such office, and any person so nominated who
24is confirmed by the Senate shall hold office during the
25remainder of the term and until a successor shall be appointed
26and qualified. Members of the Authority shall not be entitled

 

 

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1to compensation for their services as members but shall be
2entitled to reimbursement for all necessary expenses incurred
3in connection with the performance of their duties as members.
4    (d) The Governor may remove any public member of the
5Authority in case of incompetency, neglect of duty, or
6malfeasance in office.
7    (e) The Board shall appoint an Executive Director who shall
8have a background in finance, including familiarity with the
9legal and procedural requirements of issuing bonds, real estate
10or economic development and administration. The Executive
11Director shall hold office at the discretion of the Board. The
12Executive Director shall be the chief administrative and
13operational officer of the Authority, shall direct and
14supervise its administrative affairs and general management,
15shall perform such other duties as may be prescribed from time
16to time by the members and shall receive compensation fixed by
17the Authority. The Executive Director shall attend all meetings
18of the Authority; however, no action of the Authority shall be
19invalid on account of the absence of the Executive Director
20from a meeting. The Authority may engage the services of such
21other agents and employees, including attorneys, appraisers,
22engineers, accountants, credit analysts and other consultants,
23as it may deem advisable and may prescribe their duties and fix
24their compensation.
25    (f) The Board may, by majority vote, nominate up to 4
26non-voting members for appointment by the Governor. Non-voting

 

 

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1members shall be persons of recognized ability and experience
2in one or more of the following areas: economic development,
3finance, banking, industrial development, small business
4management, real estate development, community development,
5venture finance, organized labor or civic, community or
6neighborhood organization. Non-voting members shall serve at
7the pleasure of the Board. All non-voting members may attend
8meetings of the Board and shall be reimbursed as provided in
9subsection (c).
10    (g) The Board shall create a task force to study and make
11recommendations to the Board on the economic development of the
12territory within the jurisdiction of this Act. The members of
13the task force shall reside within the territorial jurisdiction
14of this Act, shall serve at the pleasure of the Board and shall
15be persons of recognized ability and experience in one or more
16of the following areas: economic development, finance,
17banking, industrial development, small business management,
18real estate development, community development, venture
19finance, organized labor or civic, community or neighborhood
20organization. The number of members constituting the task force
21shall be set by the Board and may vary from time to time. The
22Board may set a specific date by which the task force is to
23submit its final report and recommendations to the Board.
24(Source: P.A. 94-793, eff. 5-19-06.)".