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91_SB1137
SDS/910018/CEdo
1 AN ACT to amend the Quad Cities Regional Economic
2 Development Authority Act by changing Section 4.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The Quad Cities Regional Economic Development
6 Authority Act is amended by changing Section 4 as follows:
7 (70 ILCS 510/4) (from Ch. 85, par. 6204)
8 Sec. 4. Authority created. (a) There is hereby created a
9 political subdivision, body politic and municipal corporation
10 named the Quad Cities Regional Economic Development
11 Authority. The territorial jurisdiction of the Authority is
12 that geographic area within the boundaries of Rock Island,
13 Henry and Mercer counties in the State of Illinois and any
14 navigable waters and air space located therein.
15 (b) The governing and administrative powers of the
16 Authority shall be vested in a body consisting of 9 members
17 including, as an ex officio member, the Director of the
18 Department of Commerce and Community Affairs, or his or her
19 designee. The other 8 members of the Authority shall be
20 designated "public members", 5 of whom shall be appointed by
21 the Governor with the advice and consent of the Senate. Of
22 the 5 members appointed by the Governor, one shall be from a
23 city within the Authority's territory with a population of
24 25,000 or more and the remainder shall be appointed at large.
25 Of the 5 members appointed by the Governor, 2 members shall
26 have business or finance experience. One member shall be
27 appointed by each of the county board chairmen of Rock
28 Island, Henry and Mercer Counties with the advice and consent
29 of the respective county board. All public members shall
30 reside within the territorial jurisdiction of this Act. Five
31 members shall constitute a quorum. The public members shall
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1 be persons of recognized ability and experience in one or
2 more of the following areas: economic development, finance,
3 banking, industrial development, small business management,
4 real estate development, community development, venture
5 finance, organized labor or civic, community or neighborhood
6 organization. The Chairman of the Authority shall be a public
7 member elected by the affirmative vote of not fewer than 5
8 members of the Authority. The term of the Chairman shall be
9 one year.
10 (c) The terms of all members of the Authority shall
11 begin 30 days after the effective date of this Act, except
12 for those members added by this amendatory Act of 1989, whose
13 terms shall begin 30 days after the effective date of this
14 amendatory Act of 1989. Of the 8 public members appointed
15 pursuant to this Act, 2 (one of whom shall be appointed by
16 the Governor) shall serve until the third Monday in January,
17 1989, 2 (one of whom shall be appointed by the Governor)
18 shall serve until the third Monday in January, 1990, 2 (one
19 of whom shall be appointed by the Governor) shall serve until
20 the third Monday in January, 1991, and 2 (both of whom shall
21 be appointed by the Governor) shall serve until the third
22 Monday in January, 1992. The initial terms of the members
23 appointed by the county board chairmen shall be determined by
24 lot. All successors shall be appointed by the original
25 appointing authority and hold office for a term of 3 years
26 commencing the third Monday in January of the year in which
27 their term commences, except in case of an appointment to
28 fill a vacancy. Vacancies occurring among the public members
29 shall be filled for the remainder of the term. In case of
30 vacancy in a Governor-appointed membership when the Senate is
31 not in session, the Governor may make a temporary appointment
32 until the next meeting of the Senate when a person shall be
33 nominated to fill such office, and any person so nominated
34 who is confirmed by the Senate shall hold office during the
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1 remainder of the term and until a successor shall be
2 appointed and qualified. Members of the Authority shall not
3 be entitled to compensation for their services as members but
4 shall be entitled to reimbursement for all necessary expenses
5 incurred in connection with the performance of their duties
6 as members.
7 (d) The Governor may remove any public member of the
8 Authority appointed by the Governor in case of incompetency,
9 neglect of duty, or malfeasance in office. The Chairman of a
10 county board may remove any public member of the Authority
11 appointed by such Chairman in the case of incompetency,
12 neglect of duty, or malfeasance in office.
13 (e) The Board shall appoint an Executive Director who
14 shall have a background in finance, including familiarity
15 with the legal and procedural requirements of issuing bonds,
16 real estate or economic development and administration. The
17 Executive Director shall hold office at the discretion of the
18 Board. The Executive Director shall be the chief
19 administrative and operational officer of the Authority,
20 shall direct and supervise its administrative affairs and
21 general management, shall perform such other duties as may be
22 prescribed from time to time by the members and shall receive
23 compensation fixed by the Authority. The Authority may
24 engage the services of such other agents and employees,
25 including attorneys, appraisers, engineers, accountants,
26 credit analysts and other consultants, as it may deem
27 advisable and may prescribe their duties and fix their
28 compensation.
29 (f) The Board shall create a task force to study and
30 make recommendations to the Board on the economic development
31 of the territory within the jurisdiction of this Act. The
32 number of members constituting the task force shall be set by
33 the Board and may vary from time to time. The Board may set
34 a specific date by which the task force is to submit its
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1 final report and recommendations to the Board.
2 (Source: P.A. 86-837.)