TITLE 74: PUBLIC FINANCE
CHAPTER VIII: ILLINOIS FINANCE AUTHORITY
PART 1100 ILLINOIS FINANCE AUTHORITY
SECTION 1100.100 COMPOSITION, APPOINTMENT AND TERMS OF OFFICE


 

Section 1100.100  Composition, Appointment and Terms of Office

 

a)         The Board of the Authority shall be composed of 15 members as specified in Section 801-15 of the Act.

 

b)         Members shall be appointed and confirmed in the manner provided in Section 801-15 of the Act, and for such terms as provided in Section 801-15 of the Act and shall serve until their successors are appointed and have qualified.

 

c)         The Board may declare a vacancy for a member when it shall determine that a member has resigned, no longer resides within the State of Illinois, or has become incapacitated and rendered incapable of serving or performing duties as a member.

 

(Source:  Recodified from 8 Ill. Adm. Code 1400.20 at 31 Ill. Reg. 12104)