AUTHORITY: Subparts A, B, and C are implementing and authorized by Section 5-15 of the Illinois Administrative Procedure Act (Ill. Rev. Stat. 1991, ch. 127, par. 1005-15). Subpart D is implementing and authorized by the Freedom of Information Act (Ill. Rev. Stat. 1991, ch. 116, par. 201 et seq.)
SOURCE: Adopted at 16 Ill. Reg. 14653, effective October 1, 1992.
SUBPART A: ORGANIZATION
Section 2925.10 Description of Agency
The Illinois Development Finance Authority (IDFA) was created by PA 81-454, effective September 23, 1983 (Ill. Rev. Stat. 1991, ch. 48, par. 850.01). The purpose of the IDFA is to help Illinois businesses create and retain employment for Illinois residents, and to perform other duties as set forth specially in the statutes governing the Authority, (Ill. Rev. Stat. 1992, ch. 48, par. 850.01 et seq.). The IDFA is a political subdivision, body politic and corporate.
Section 2925.20 Organizational Structure
The IDFA is governed by a board of directors of 15 people appointed by the Governor by and with the advice and consent of the Senate. The Board appoints an Executive Director and other staff as needed. The staff is separated into an operations staff and a program staff. The authority's organization chart is attached as Exhibit B "Organization Chart".