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90_HB2397
605 ILCS 10/16.2 new
Amends the Toll Highway Act. Prohibits directors of the
Illinois State Toll Highway Authority, their employees, and
agents from receiving financial benefit from the letting of
Authority contracts during their terms of service and for a
period of one year following termination of their positions
or employment with the Authority. Extends this prohibition
to the immediate family or household members of the
directors, employees, and agents of the Authority. Prohibits
those persons from using material non-public information
obtained as a result of their positions with the Authority or
their family or household members' positions for their
personal financial benefit and prohibits them from disclosing
that information to others.
LRB9007402RCks
LRB9007402RCks
1 AN ACT to amend the Toll Highway Act by adding Section
2 16.2.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The Toll Highway Act is amended by adding
6 Section 16.2 as follows:
7 (605 ILCS 10/16.2 new)
8 Sec. 16.2. Financial benefit prohibited.
9 (a) A director, employee, or agent of the Authority may
10 not receive a financial benefit from a contract let by the
11 Authority during his or her term of service with the
12 Authority and for a period of one year following the
13 termination of his or her term of service as a director of
14 the Authority or as an employee or agent of the Authority.
15 (b) A member of the immediate family or household of a
16 director, employee, or agent of the Authority may not receive
17 a financial benefit from a contract let by the Authority
18 during the immediate family or household member's term of
19 service with the Authority and for a period of one year
20 following the termination of the immediate family or
21 household member's term of service as a director of the
22 Authority or as an employee or agent of the Authority.
23 (c) A director, employee, or agent of the Authority may
24 not use material non-public information for personal
25 financial gain nor may he or she disclose that information to
26 any other person for that person's personal financial gain
27 when that information was obtained as a result of his or her
28 directorship, employment, or agency with the Authority.
29 (d) A member of the immediate family or household of a
30 director, employee, or agent of the Authority may not use
31 material non-public information for personal financial gain
-2- LRB9007402RCks
1 nor may he or she disclose that information to any other
2 person for that person's personal financial gain when that
3 information was obtained as a result of his or her immediate
4 family or household member's directorship, employment, or
5 agency with the Authority.
6 (e) For purposes of this Section, "immediate family or
7 household member" means the spouse, child, parent, brother,
8 sister, grandparent, or grandchild whether of the
9 whole-blood, half-blood, or adoption, or a person who shares
10 a common dwelling with a director of the Authority or with an
11 employee or agent of the Authority.