093_HB0026eng

HB0026 Engrossed                     LRB093 02355 DRH 02363 b

 1        AN ACT in relation to highways.

 2        Be  it  enacted  by  the People of the State of Illinois,
 3    represented in the General Assembly:

 4        Section 5.  The Toll Highway Act  is  amended  by  adding
 5    Section 16.2 as follows:

 6        (605 ILCS 10/16.2 new)
 7        Sec. 16.2.  Financial benefit prohibited.
 8        (a)  A  director, employee, or agent of the Authority may
 9    not receive a financial benefit from a contract  let  by  the
10    Authority  during  his  or  her  term  of  service  with  the
11    Authority  and  for  a  period  of  one  year  following  the
12    termination  of  his  or her term of service as a director of
13    the Authority or as an employee or agent of the Authority.
14        (b)  A member of the immediate family or household  of  a
15    director, employee, or agent of the Authority may not receive
16    a  financial  benefit  from  a  contract let by the Authority
17    during the immediate family or  household  member's  term  of
18    service  with  the  Authority  and  for  a period of one year
19    following  the  termination  of  the  immediate   family   or
20    household  member's  term  of  service  as  a director of the
21    Authority or as an employee or agent of the Authority.
22        (c)  A director, employee, or agent of the Authority  may
23    not   use   material   non-public  information  for  personal
24    financial gain nor may he or she disclose that information to
25    any other person for that person's  personal  financial  gain
26    when  that information was obtained as a result of his or her
27    directorship, employment, or agency with the Authority.
28        (d)  A member of the immediate family or household  of  a
29    director,  employee,  or  agent  of the Authority may not use
30    material non-public information for personal  financial  gain
31    nor  may  he  or  she  disclose that information to any other
 
HB0026 Engrossed            -2-      LRB093 02355 DRH 02363 b
 1    person for that person's personal financial  gain  when  that
 2    information  was obtained as a result of his or her immediate
 3    family or household  member's  directorship,  employment,  or
 4    agency with the Authority.
 5        (e)  For  purposes  of this Section, "immediate family or
 6    household member" means the spouse, child,  parent,  brother,
 7    sister,  grandparent,  or  grandchild,  whether  of the whole
 8    blood or half blood or by adoption, or a person who shares  a
 9    common  dwelling  with a director of the Authority or with an
10    employee or agent of the Authority.