BUTLER. 50 ILCS 105/3 from Ch. 102, par. 3 65 ILCS 5/3.1-55-10 Amends the Public Officer Prohibited Activities Act and the Illinois Municipal Code. Provides that a municipal officer is not deemed interested in a transaction with a company if the officer is an employee of or owns 1% interest or less in the company, or both, and the company's stock is traded on a nationally recognized securities market. Amends the Illinois Municipal Code to provide that the prohibition against an interest in a municipal contract, work, or business does not apply to a person serving on a municipal advisory panel or commission or a nongoverning board or commission if the person's duties do not include evaluating, recommending, or approving the transaction. Effective immediately. 97-01-22 S FIRST READING 97-01-22 S REFERRED TO SENATE RULES COMMITTEE RULES 97-01-23 S ASSIGNED TO COMMITTEE LOC GOV & ELE 97-02-26 S HELD IN COMMITTEE 97-03-05 S TO SUBCOMMITTEE 97-03-05 S COMMITTEE LOC GOV & ELE 97-03-15 S RE-REFERRED TO RULES COMM/RULE 3-9(A) RULES 99-01-12 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary