Illinois Compiled Statutes
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605 ILCS 10/4
(605 ILCS 10/4)
(from Ch. 121, par. 100-4)
Of the directors appointed by the Governor, one such director
shall be appointed by the Governor as chairman and shall hold office for
4 years from the date of his appointment, and until his successor shall
be duly appointed and qualified, but shall be subject to removal by the
Governor for incompetency, neglect of duty or malfeasance. The term of the initial chairman appointed under this amendatory Act of the 100th General Assembly shall end March 1, 2021 and the chairman shall serve until his or her successor is duly appointed and qualified.
The chairman shall preside at all meetings of the Board of Directors
of the Authority; shall exercise general supervision over all powers,
duties, obligations and functions of the Authority; and shall approve or
disapprove all resolutions, by-laws, rules, rates and regulations made
and established by the Board of Directors, and if he shall approve
thereof, he shall sign the same, and such as he shall not approve he
shall return to the Board of Directors with his objections thereto in
writing at the next regular meeting of the Board of Directors occurring
after the passage thereof. Such veto may extend to any one or more items
contained in such resolution, by-law, rule, rate or regulation, or to
its entirety; and in case the veto extends to a part of such resolution,
by-law, rule, rate or regulation, the residue thereof shall take effect
and be in force, but in case the chairman shall fail to return any
resolution, by-law, rule, rate or regulation with his objections thereto
by the time aforesaid, he shall be deemed to have approved the same, and
the same shall take effect accordingly. Upon the return of any
resolution, by-law, rule, rate or regulation by the chairman, the vote
by which the same was passed shall be reconsidered by the Board of
Directors, and if upon such reconsideration two-thirds of all the
Directors agree by yeas and nays to pass the same, it shall go into
effect notwithstanding the chairman's refusal to approve thereof. The process of approving or disapproving all resolutions, by-laws, rules, rates and regulations, as well as the ability of the Board of Directors to override the disapproval of the chairman, under this Section shall be set forth in the Authority's by-laws. Nothing in the Authority's by-laws, rules, or regulations may be contrary to this Section.
The chairman shall receive a salary of $18,000 per annum, or as set by
the Compensation Review Board, whichever is greater, payable in
monthly installments, together with reimbursement for necessary expenses
incurred in the performance of his duties. The chairman shall be
eligible for reappointment.
(Source: P.A. 100-1180, eff. 2-28-19.)