Full Text of HJR0106 101st General Assembly
HJ0106 101ST GENERAL ASSEMBLY |
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| 1 | | HOUSE JOINT RESOLUTION
| 2 | | WHEREAS, Local units of government, including school | 3 | | districts, often rely on the sale of bonds to
finance local | 4 | | public works projects; and
| 5 | | WHEREAS, It is pertinent that the General Assembly review | 6 | | the existing bond sale processes of units
of local government, | 7 | | including school districts, in an effort to remove potential | 8 | | conflicts of
interest; therefore, be it
| 9 | | RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE ONE | 10 | | HUNDRED FIRST GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, THE | 11 | | SENATE CONCURRING HEREIN, that the Local Government Bond Reform | 12 | | Task Force is created; and be it further | 13 | | RESOLVED, That the Task Force shall review and analyze the | 14 | | current processes that units of local
governments, including | 15 | | school districts, use to propose, invest in, and sell bonds, | 16 | | including any
potential conflicts of interest; and be it | 17 | | further | 18 | | RESOLVED, That the Task Force shall consist of the | 19 | | following members, who shall serve without
compensation: | 20 | | (1) One member from the majority party of the House of | 21 | | Representatives appointed by the
Speaker of the House of |
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| 1 | | Representatives; | 2 | | (2) One member from the minority party of the House of | 3 | | Representatives appointed by the
Minority Leader of the | 4 | | House of Representatives; | 5 | | (3) One member from the majority party of the Senate | 6 | | appointed by the President of the
Senate; | 7 | | (4) One member from the minority party of the Senate | 8 | | appointed by the Minority Leader of
the Senate; | 9 | | (5) The Director of the Department of Revenue or his or | 10 | | her designee; | 11 | | (6) The State Superintendent of Education or his or her | 12 | | designee; | 13 | | (7) One member who represents an organization | 14 | | representing counties appointed by the
Governor; | 15 | | (8) One member who represents an organization | 16 | | representing municipalities appointed by the
Governor; | 17 | | (9) One member who represents an organization | 18 | | representing townships appointed by the
Governor; | 19 | | (10) One member who represents an organization | 20 | | representing park districts appointed by the
Governor; | 21 | | (11) One member who represents an organization | 22 | | representing school board members
appointed by the | 23 | | Governor; | 24 | | (12) One member who represents an organization | 25 | | representing school superintendents
appointed by the | 26 | | Governor; |
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| 1 | | (13) One member who represents an organization | 2 | | representing school business officials
appointed by the | 3 | | Governor; and | 4 | | (14) One member who represents an organization which | 5 | | serves as advocates for taxpayers and
businesses appointed | 6 | | by the Governor; | 7 | | (15) One member who represents the bond industry | 8 | | appointed by the Governor; and be it
further | 9 | | RESOLVED, That members of the Task Force shall be appointed | 10 | | within 30 days after approval of
this resolution; and be it | 11 | | further | 12 | | RESOLVED, That the Task Force shall hold its first meeting | 13 | | as soon as possible at the call of the Director of the Illinois | 14 | | Department of
Revenue; at its first meeting, a Chairperson
and | 15 | | a Vice Chairperson shall be appointed from among the members of | 16 | | the Task Force; following the first meeting,
the Chairperson | 17 | | shall have the authority to call subsequent meetings; and be it | 18 | | further | 19 | | RESOLVED, That the Illinois Department of Revenue shall | 20 | | provide administrative support for the
Task Force; and be it | 21 | | further | 22 | | RESOLVED, That the Task Force shall issue a final report to |
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| 1 | | the General Assembly by January 1, 2021 that shall include | 2 | | recommendations to reform the bond process to remove any | 3 | | potential conflicts of interest and, upon the filing of its | 4 | | report, is dissolved; and be it further
| 5 | | RESOLVED, That a suitable copy of this resolution be | 6 | | delivered to Governor Pritzker and the
Director of the Illinois | 7 | | Department of Revenue.
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