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(20 ILCS 3805/5) (from Ch. 67 1/2, par. 305)
Sec. 5. The Governor shall designate the Chairman, from time to time,
and the Authority shall annually elect from its membership a vice
chairman a treasurer, and a secretary. The Chairman shall be the chief
executive officer of the Authority. The secretary shall keep a record of
the proceedings of the Authority. The treasurer of the Authority shall
be custodian of all Authority funds, and shall be bonded in such amount
as the other members of the Authority may designate. The accounts and
books of the Authority shall be set up and maintained in a manner
approved by the Auditor General, and the Authority shall file with the
Auditor General a certified annual report within 120 days after the
close of its fiscal year. The Authority shall also file with the
Governor, the Secretary of the Senate, the Clerk of the House of Representatives
and the Commission on Government Forecasting and Accountability, by March 1 of each year,
a written report covering its
activities, and any activities
of any instrumentality corporation established pursuant to
this Act, for the previous fiscal year and, when so filed, such report
shall be a public record and open for inspection at the offices of the
Authority during normal business hours. The report shall include a
complete list of (a) all applications for mortgage loans and other
financial assistance regarding developments of more than four living
units presented to the members of the Authority during
such fiscal year, (b) all developments and housing related commercial
facilities and the owners thereof which have
received any form of financial assistance from the Authority during such
fiscal year, (c) the nature and amount of all such financial assistance,
(d) the dwelling unit distribution and estimated rent structure for
each development financed by the Authority during such fiscal year,
(e) projected activities of the Authority for the next fiscal year, including
a projection of the total amount of mortgages and other financial assistance
anticipated and the amount of revenue bonds or other evidences of indebtedness
that will be necessary to provide the projected level of assistance during
the next fiscal year, and (f) activities related to allocation of
low-income housing credits.
(Source: P.A. 93-1067, eff. 1-15-05.)
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