Senate Sponsors: BUTLER. Short description: MUNI OFFICER-CONTRACT INTEREST Synopsis of Bill as introduced: 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. Last action on Bill: SESSION SINE DIE Last action date: 99-01-12 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status