|
Sen. Erica Harriss
Filed: 5/7/2025
| | 10400HB2139sam001 | | LRB104 11607 RTM 25994 a |
|
|
| 1 | | AMENDMENT TO HOUSE BILL 2139
|
| 2 | | AMENDMENT NO. ______. Amend House Bill 2139 by replacing |
| 3 | | everything after the enacting clause with the following:
|
| 4 | | "Section 5. The America's Central Port District Act is |
| 5 | | amended by changing Sections 7.5, 21, and 25 as follows:
|
| 6 | | (70 ILCS 1860/7.5) |
| 7 | | Sec. 7.5. Authorization to borrow moneys. The District's |
| 8 | | Board may borrow money from any governmental agency, bank, or |
| 9 | | other financial institution and may provide appropriate |
| 10 | | security for that borrowing, if the money is repaid within 20 |
| 11 | | years after the money is borrowed. "Financial institution" has |
| 12 | | the meaning given in Section 8-1-3.1 of the Illinois Municipal |
| 13 | | Code means any bank subject to the Illinois Banking Act, any |
| 14 | | savings and loan association subject to the Illinois Savings |
| 15 | | and Loan Act of 1985, any savings bank subject to the Savings |
| 16 | | Bank Act, and any federally chartered commercial bank or |
|
| | 10400HB2139sam001 | - 2 - | LRB104 11607 RTM 25994 a |
|
|
| 1 | | savings and loan association organized and operated in this |
| 2 | | State pursuant to the laws of the United States. |
| 3 | | (Source: P.A. 98-854, eff. 1-1-15.)
|
| 4 | | (70 ILCS 1860/21) (from Ch. 19, par. 304) |
| 5 | | Sec. 21. All funds deposited by the treasurer in any bank |
| 6 | | or savings and loan association shall be placed in the name of |
| 7 | | the District and shall be withdrawn or paid out only by check |
| 8 | | or draft upon the bank or savings and loan association, signed |
| 9 | | by the treasurer and countersigned by the chairman of the |
| 10 | | Board, or by Automated Clearing House transaction or other |
| 11 | | electronic means. Subject to prior approval of such |
| 12 | | designations by a majority of the Board, the chairman may |
| 13 | | designate any other Board member or any officer of the |
| 14 | | District to affix the signature of the chairman and the |
| 15 | | treasurer may designate any other officer of the District to |
| 16 | | affix the signature of the treasurer to any check or draft for |
| 17 | | payment of salaries or wages and for payment of any other |
| 18 | | obligation of not more than $2,500.00. |
| 19 | | No bank or savings and loan association shall receive |
| 20 | | public funds as permitted by this Section, unless it has |
| 21 | | complied with the requirements established pursuant to the |
| 22 | | Public Funds Investment Act Section 6 of "An Act relating to |
| 23 | | certain investments of public funds by public agencies", |
| 24 | | approved July 23, 1943, as now or hereafter amended. |
| 25 | | (Source: P.A. 83-541.)
|
|
| | 10400HB2139sam001 | - 3 - | LRB104 11607 RTM 25994 a |
|
|
| 1 | | (70 ILCS 1860/25) (from Ch. 19, par. 308) |
| 2 | | Sec. 25. Within 9 months after 60 days after the end of |
| 3 | | each fiscal year, the Board shall cause an independent auditor |
| 4 | | to prepare and print to be prepared and printed a complete and |
| 5 | | detailed report and financial statement of the operations and |
| 6 | | assets and liabilities of the Port District. A reasonably |
| 7 | | sufficient number of copies of such report shall be printed |
| 8 | | for distribution to persons interested, upon request, and a |
| 9 | | copy of the report thereof shall be filed with the Governor and |
| 10 | | the county clerks and the presiding officers of the county |
| 11 | | boards of Madison and Jersey Counties. A copy of such report or |
| 12 | | a summary of the report shall be addressed and submitted to and |
| 13 | | mailed to the Mayor or ranking official and city council or |
| 14 | | president and board of trustees of each municipality within |
| 15 | | the area of the District. |
| 16 | | (Source: P.A. 98-854, eff. 1-1-15.)". |