State of Illinois
92nd General Assembly
Legislation

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92_HB0077

 
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 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-                LRB9200986DHmb
 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.

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