Bill Text: IL HB5034 | 2023-2024 | 103rd General Assembly | Introduced

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Bill Title: Amends the Fox Waterway Agency Act. Provides that a member of the board of directors and the Chairman of the Fox Waterway Agency may be compensated at the discretion of the Board in the sum of up to $6,000 (rather than $3,000) per year for each director and up to $10,000 (rather than $5,000) per year for the Chairman, effective immediately upon approval of the Board. Provides that, at its discretion, the Board may adjust these amounts for inflation as determined by the Consumer Price Index for all urban consumers as determined by the United States Department of Labor and rounded to the nearest $100.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2024-04-19 - House Floor Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee [HB5034 Detail]

Download: Illinois-2023-HB5034-Introduced.html

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103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB5034 Introduced , by Rep. Joyce Mason SYNOPSIS AS INTRODUCED:
615 ILCS 90/6 from Ch. 19, par. 1206
Amends the Fox Waterway Agency Act. Provides that a member of the board of directors and the Chairman of the Fox Waterway Agency may be compensated at the discretion of the Board in the sum of up to $6,000 (rather than $3,000) per year for each director and up to $10,000 (rather than $5,000) per year for the Chairman, effective immediately upon approval of the Board. Provides that, at its discretion, the Board may adjust these amounts for inflation as determined by the Consumer Price Index for all urban consumers as determined by the United States Department of Labor and rounded to the nearest $100.
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A BILL FOR
HB5034 LRB103 38840 MXP 68977 b
AN ACT concerning transportation.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Fox Waterway Agency Act is amended by
changing Section 6 as follows:
(615 ILCS 90/6) (from Ch. 19, par. 1206)
Sec. 6. The Board shall meet as soon as practicable after
the directors assume the duties of office and shall meet at
least 6 times annually or more often at the discretion of the
Chairman or upon the request of 2/3 of the directors. The Board
shall select from its membership a Secretary and a Treasurer.
The Treasurer shall be custodian of all Agency funds and shall
be bonded in such amount as the other members designate. The
Chairman shall have the power to vote only in the event of a
tie, but shall fully participate as a director in all other
respects. Directors and the Chairman may be compensated at the
discretion of the Board in the sum of up to $6,000 $3,000 per
year for each director and up to $10,000 $5,000 per year for
the chairman, effective immediately upon approval of the
Board. At its discretion, the Board may adjust these amounts
for inflation as determined by the Consumer Price Index for
all urban consumers as determined by the United States
Department of Labor and rounded to the nearest $100. The Board

HB5034 - 2 - LRB103 38840 MXP 68977 b