Bill Text: IL HB1631 | 2017-2018 | 100th General Assembly | Introduced

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Bill Title: Amends the Toll Highway Act. Makes a technical change in a Section regarding the filing of bonds by the board of directors.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Failed) 2019-01-08 - Session Sine Die [HB1631 Detail]

Download: Illinois-2017-HB1631-Introduced.html

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100TH GENERAL ASSEMBLY State of Illinois 2017 and 2018 HB1631 Introduced , by Rep. Michael J. Madigan SYNOPSIS AS INTRODUCED:
605 ILCS 10/7 from Ch. 121, par. 100-7
Amends the Toll Highway Act. Makes a technical change in a Section regarding the filing of bonds by the board of directors.
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A BILL FOR
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AN ACT concerning transportation.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Toll Highway Act is amended by changing
Section 7 as follows:
(605 ILCS 10/7) (from Ch. 121, par. 100-7)
Sec. 7. The The chairman of the Board of Directors shall
execute and file as hereinafter provided, a bond in the penal
sum of $100,000. Each other director, other than the ex officio
directors shall qualify by executing and filing, as hereinafter
provided, a bond in the penal sum of $25,000, and the
secretary, if not a member of the Authority, shall execute and
file, as hereinafter provided, a bond in the penal sum of
$15,000. All such bonds shall be payable to the People of the
State of Illinois, and be conditioned upon the faithful
performance of the duties imposed upon such chairman, directors
or secretary under this Act. Said bonds shall be subject to the
approval of the Governor and of the Attorney General of the
State of Illinois, and shall, when executed and so approved, be
filed in the office of the Secretary of State. The said bonds
herein required to be furnished shall be with a surety company,
or companies, authorized to do business in this State under the
laws thereof, and the cost of any official bonds required to be

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furnished hereunder shall be paid out of any fund subject to
expenditure by the Authority.
The chairman, directors and secretary of the Authority
shall be eligible to participate in all pensions, accident,
health and benefit plans established by the Authority for its
employees in the same manner and form as all other employees.
(Source: Laws 1967, p. 2748.)