Bill Text: IL HJR0106 | 2019-2020 | 101st General Assembly | Introduced
Bill Title: Creates the Local Government Bond Reform Task Force to study the current process that units of local governments, including school districts, use to propose, invest in, and sell bonds, including any potential conflicts of interest.
Sponsorship: Partisan Bill (Republican 1)
Status: (Introduced - Dead) 2020-06-23 - Rule 19(b) / Re-referred to Rules Committee [HJR0106 Detail]
Download: Illinois-2019-HJR0106-Introduced.html
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| 1 | HOUSE JOINT RESOLUTION
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| 2 | WHEREAS, Local units of government, including school | ||||||
| 3 | districts, often rely on the sale of bonds to
finance local | ||||||
| 4 | public works projects; and
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| 5 | WHEREAS, It is pertinent that the General Assembly review | ||||||
| 6 | the existing bond sale processes of units
of local government, | ||||||
| 7 | including school districts, in an effort to remove potential | ||||||
| 8 | conflicts of
interest; therefore, be it
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| 9 | RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE ONE | ||||||
| 10 | HUNDRED FIRST GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, THE | ||||||
| 11 | SENATE CONCURRING HEREIN, that the Local Government Bond Reform | ||||||
| 12 | Task Force is created; and be it further
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| 13 | RESOLVED, That the Task Force shall review and analyze the | ||||||
| 14 | current processes that units of local
governments, including | ||||||
| 15 | school districts, use to propose, invest in, and sell bonds, | ||||||
| 16 | including any
potential conflicts of interest; and be it | ||||||
| 17 | further
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| 18 | RESOLVED, That the Task Force shall consist of the | ||||||
| 19 | following members, who shall serve without
compensation: | ||||||
| 20 | (1) One member from the majority party of the House of | ||||||
| 21 | Representatives appointed by the
Speaker of the House of | ||||||
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| 1 | Representatives; | ||||||
| 2 | (2) One member from the minority party of the House of | ||||||
| 3 | Representatives appointed by the
Minority Leader of the | ||||||
| 4 | House of Representatives; | ||||||
| 5 | (3) One member from the majority party of the Senate | ||||||
| 6 | appointed by the President of the
Senate; | ||||||
| 7 | (4) One member from the minority party of the Senate | ||||||
| 8 | appointed by the Minority Leader of
the Senate; | ||||||
| 9 | (5) The Director of the Department of Revenue or his or | ||||||
| 10 | her designee; | ||||||
| 11 | (6) The State Superintendent of Education or his or her | ||||||
| 12 | designee; | ||||||
| 13 | (7) One member who represents an organization | ||||||
| 14 | representing counties appointed by the
Governor; | ||||||
| 15 | (8) One member who represents an organization | ||||||
| 16 | representing municipalities appointed by the
Governor; | ||||||
| 17 | (9) One member who represents an organization | ||||||
| 18 | representing townships appointed by the
Governor; | ||||||
| 19 | (10) One member who represents an organization | ||||||
| 20 | representing park districts appointed by the
Governor; | ||||||
| 21 | (11) One member who represents an organization | ||||||
| 22 | representing school board members
appointed by the | ||||||
| 23 | Governor; | ||||||
| 24 | (12) One member who represents an organization | ||||||
| 25 | representing school superintendents
appointed by the | ||||||
| 26 | Governor; | ||||||
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| 1 | (13) One member who represents an organization | ||||||
| 2 | representing school business officials
appointed by the | ||||||
| 3 | Governor; and | ||||||
| 4 | (14) One member who represents an organization which | ||||||
| 5 | serves as advocates for taxpayers and
businesses appointed | ||||||
| 6 | by the Governor; | ||||||
| 7 | (15) One member who represents the bond industry | ||||||
| 8 | appointed by the Governor; and be it
further
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| 9 | RESOLVED, That members of the Task Force shall be appointed | ||||||
| 10 | within 30 days after approval of
this resolution; and be it | ||||||
| 11 | further
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| 12 | RESOLVED, That the Task Force shall hold its first meeting | ||||||
| 13 | as soon as possible at the call of the Director of the Illinois | ||||||
| 14 | Department of
Revenue; at its first meeting, a Chairperson
and | ||||||
| 15 | a Vice Chairperson shall be appointed from among the members of | ||||||
| 16 | the Task Force; following the first meeting,
the Chairperson | ||||||
| 17 | shall have the authority to call subsequent meetings; and be it | ||||||
| 18 | further
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| 19 | RESOLVED, That the Illinois Department of Revenue shall | ||||||
| 20 | provide administrative support for the
Task Force; and be it | ||||||
| 21 | further
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| 22 | RESOLVED, That the Task Force shall issue a final report to | ||||||
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| 1 | the General Assembly by January 1, 2021 that shall include | ||||||
| 2 | recommendations to reform the bond process to remove any | ||||||
| 3 | potential conflicts of interest and, upon the filing of its | ||||||
| 4 | report, is dissolved; and be it further
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| 5 | RESOLVED, That a suitable copy of this resolution be | ||||||
| 6 | delivered to Governor Pritzker and the
Director of the Illinois | ||||||
| 7 | Department of Revenue.
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