Bill Text: IL SB1208 | 2021-2022 | 102nd 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) 2021-04-23 - Rule 3-9(a) / Re-referred to Assignments [SB1208 Detail]

Download: Illinois-2021-SB1208-Introduced.html

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102ND GENERAL ASSEMBLY State of Illinois 2021 and 2022 SB1208 Introduced 2/25/2021, by Sen. Don Harmon 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.
LRB102 05023 RJF 15042 b
A BILL FOR
SB1208 LRB102 05023 RJF 15042 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. Except as otherwise
authorized in the Open Meetings Act, 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. 101-640, eff. 6-12-20.)