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| | 103RD GENERAL ASSEMBLY
State of Illinois
2023 and 2024
HB4894 Introduced 2/7/2024, by Rep. Kam Buckner SYNOPSIS AS INTRODUCED:
| | | 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. |
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| | A BILL FOR |
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| | HB4894 | | LRB103 38977 MXP 69114 b |
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| 1 | | AN ACT concerning State government.
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| 2 | | Be it enacted by the People of the State of Illinois, |
| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Illinois Finance Authority Act is amended |
| 5 | | by changing Section 801-25 as follows:
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| 6 | | (20 ILCS 3501/801-25) |
| 7 | | Sec. 801-25. All official acts of the the Authority shall |
| 8 | | require the approval of at least 8 members. All meetings of the |
| 9 | | Authority and the Advisory Councils shall be conducted in |
| 10 | | accordance with the Open Meetings Act. Eight members of the |
| 11 | | Authority shall constitute a quorum. Except as otherwise |
| 12 | | authorized in the Open Meetings Act, all meetings shall be |
| 13 | | conducted at a single location within this State with a quorum |
| 14 | | of members physically present at this location. Other members |
| 15 | | who are not physically present at this location may |
| 16 | | participate in the meeting and vote on all matters by means of |
| 17 | | a video or audio conference. The Auditor General shall conduct |
| 18 | | financial audits and program audits of the Authority, in |
| 19 | | accordance with the Illinois State Auditing Act. |
| 20 | | (Source: P.A. 101-640, eff. 6-12-20.) |