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Illinois Compiled Statutes - Full Text
Illinois Compiled Statutes (ILCS)
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(70 ILCS 3615/3.04) (from Ch. 111 2/3, par. 703.04)
(Text of Section before amendment by P.A. 104-457)
Sec. 3.04.
Compensation.
Each Director including the
Chairman, except for the Chairman of the Chicago Transit Authority who
shall not be compensated by the Authority,
shall be compensated at the
rate of $25,000 per year.
Officers of the Authority shall not be required to comply with the
requirements of "An Act requiring certain custodians of public moneys to
file and publish statements of the receipts and disbursements thereof",
approved June 24, 1919, as now or hereafter amended.
(Source: P.A. 83-885; 83-886.)
(Text of Section after amendment by P.A. 104-457) Sec. 3.04. Compensation. Each Director including the Chairman, shall be compensated at the rate of $15,000 per year. Payments shall be made monthly. A director shall not be eligible for pay for a month if the director is absent from any regularly scheduled meeting, unless due to illness or an emergency. Directors shall be required to complete an annual training on financial management and procurement laws, policies, and procedures. Directors who failed to complete the required trainings shall not be eligible for compensation. Officers of the Authority shall not be required to comply with the requirements of "An Act requiring certain custodians of public moneys to file and publish statements of the receipts and disbursements thereof", approved June 24, 1919, as now or hereafter amended.(Source: P.A. 104-457, eff. 6-1-26.)
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