HB0479ham001 98TH GENERAL ASSEMBLY

Rep. Barbara Flynn Currie

Filed: 4/8/2013

09800HB0479ham001 LRB098 03297 OMW 44007 a

AMENDMENT TO HOUSE BILL 479

AMENDMENT NO. ______. Amend House Bill 479 by replacing everything after the enacting clause with the following:

"Section 5. The Illinois Medical District Act is amended by changing Section 10 as follows:

(70 ILCS 915/10) (from Ch. 111 1/2, par. 5020)

Sec. 10. Disposition of money. The Commission is authorized to use all money received from the sale or lease of any property, in excess of the amount as may be necessary to satisfy the obligation of any revenue bond issued pursuant to Section 5 and may also use all money received as rentals for the purposes of planning, acquisition, and development of property within the District and operation, maintenance and improvement of property of the Commission and for all purposes and powers set forth in this Act. The Commission shall annually enter into an intergovernmental agreement with the Auditor General, who shall, at least biennially, audit or cause to be audited by a certified public accountant all records and accounts of the Commission pertaining to the operation of the District. The Commission Auditor General shall provide the Commission and the General Assembly with the audits and shall post a copy on the Commission's his or her website. The Auditor General shall submit a bill to the Commission for costs associated with the review and the audit required under this Section, and the Commission shall reimburse the Auditor General for such costs in a timely manner.

(Source: P.A. 97-825, eff. 7-18-12.)".