Bill Text: IL HB0481 | 2019-2020 | 101st General Assembly | Introduced

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Bill Title: Amends the Illinois Finance Authority Act. Makes a technical change in a Section concerning official Acts of the Authority, meetings of the Authority and the Advisory Councils, and audits by the Auditor General.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2019-04-12 - Rule 19(a) / Re-referred to Rules Committee [HB0481 Detail]

Download: Illinois-2019-HB0481-Introduced.html

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101ST GENERAL ASSEMBLY State of Illinois 2019 and 2020 HB0481 Introduced , by Rep. Michael J. Madigan SYNOPSIS AS INTRODUCED:
20 ILCS 3501/801-25
Amends the Illinois Finance Authority Act. Makes a technical change in a Section concerning official Acts of the Authority, meetings of the Authority and the Advisory Councils, and audits by the Auditor General.
LRB101 03094 RJF 48102 b
A BILL FOR
HB0481 LRB101 03094 RJF 48102 b
AN ACT concerning State government.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Illinois Finance Authority Act is amended by
changing Section 801-25 as follows:
(20 ILCS 3501/801-25)
Sec. 801-25. All official acts of the the Authority shall
require the approval of at least 8 members. All meetings of the
Authority and the Advisory Councils shall be conducted in
accordance with the Open Meetings Act. Eight members of the
Authority shall constitute a quorum. All meetings shall be
conducted at a single location within this State with a quorum
of members physically present at this location. Other members
who are not physically present at this location may participate
in the meeting and vote on all matters by means of a video or
audio conference. The Auditor General shall conduct financial
audits and program audits of the Authority, in accordance with
the Illinois State Auditing Act.
(Source: P.A. 93-205, eff. 1-1-04; 93-1101, eff. 3-31-05.)