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92_SB0358
LRB9207502TApc
1 AN ACT concerning the Quad Cities Regional Economic
2 Development Authority.
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, approved September 22, 1987, is amended by
7 changing Section 4 as follows:
8 (70 ILCS 510/4) (from Ch. 85, par. 6204)
9 Sec. 4. (a) There is hereby created a political
10 subdivision, body politic and municipal corporation named the
11 Quad Cities Regional Economic Development Authority. The
12 territorial jurisdiction of the Authority is that geographic
13 area within the boundaries of Rock Island, Henry, Knox, and
14 Mercer counties in the State of Illinois and any navigable
15 waters and air space located therein.
16 (b) The governing and administrative powers of the
17 Authority shall be vested in a body consisting of 11 9
18 members including, as an ex officio member, the Director of
19 the Department of Commerce and Community Affairs, or his or
20 her designee. The other 10 8 members of the Authority shall
21 be designated "public members", 6 5 of whom shall be
22 appointed by the Governor with the advice and consent of the
23 Senate. Of the 6 5 members appointed by the Governor, one
24 shall be from a city within the Authority's territory with a
25 population of 25,000 or more and the remainder shall be
26 appointed at large. Of the 6 5 members appointed by the
27 Governor, 2 members shall have business or finance
28 experience. One member shall be appointed by each of the
29 county board chairmen of Rock Island, Henry, Knox, and Mercer
30 Counties with the advice and consent of the respective county
31 board. All public members shall reside within the territorial
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1 jurisdiction of this Act. Six Five members shall constitute a
2 quorum. The public members shall be persons of recognized
3 ability and experience in one or more of the following areas:
4 economic development, finance, banking, industrial
5 development, small business management, real estate
6 development, community development, venture finance,
7 organized labor or civic, community or neighborhood
8 organization. The Chairman of the Authority shall be a public
9 member elected by the affirmative vote of not fewer than 6 5
10 members of the Authority. The term of the Chairman shall be
11 one year.
12 (c) The terms of all members of the Authority shall
13 begin 30 days after the effective date of this Act, except
14 (i) the terms of for those members added by this amendatory
15 Act of 1989, whose terms shall begin 30 days after the
16 effective date of this amendatory Act of 1989 and (ii) the
17 terms of those members added by this amendatory Act of the
18 92nd General Assembly shall begin 30 days after the effective
19 date of this amendatory Act of the 92nd General Assembly. Of
20 the 10 8 public members appointed pursuant to this Act, 2
21 (one of whom shall be appointed by the Governor) shall serve
22 until the third Monday in January, 1989, 2 (one of whom shall
23 be appointed by the Governor) shall serve until the third
24 Monday in January, 1990, 2 (one of whom shall be appointed by
25 the Governor) shall serve until the third Monday in January,
26 1991, and 2 (both of whom shall be appointed by the Governor)
27 shall serve until the third Monday in January, 1992, and 2
28 (one of whom shall be appointed by the Governor and one of
29 whom shall be appointed by the county board chairman of Knox
30 County) shall serve until the third Monday in January, 2004.
31 The initial terms of the members appointed by the county
32 board chairmen (other than the county board chairman of Knox
33 County) shall be determined by lot. All successors shall be
34 appointed by the original appointing authority and hold
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1 office for a term of 3 years commencing the third Monday in
2 January of the year in which their term commences, except in
3 case of an appointment to fill a vacancy. Vacancies occurring
4 among the public members shall be filled for the remainder of
5 the term. In case of vacancy in a Governor-appointed
6 membership when the Senate is not in session, the Governor
7 may make a temporary appointment until the next meeting of
8 the Senate when a person shall be nominated to fill such
9 office, and any person so nominated who is confirmed by the
10 Senate shall hold office during the remainder of the term and
11 until a successor shall be appointed and qualified. Members
12 of the Authority shall not be entitled to compensation for
13 their services as members but shall be entitled to
14 reimbursement for all necessary expenses incurred in
15 connection with the performance of their duties as members.
16 (d) The Governor may remove any public member of the
17 Authority appointed by the Governor in case of incompetency,
18 neglect of duty, or malfeasance in office. The Chairman of a
19 county board may remove any public member of the Authority
20 appointed by such Chairman in the case of incompetency,
21 neglect of duty, or malfeasance in office.
22 (e) The Board shall appoint an Executive Director who
23 shall have a background in finance, including familiarity
24 with the legal and procedural requirements of issuing bonds,
25 real estate or economic development and administration. The
26 Executive Director shall hold office at the discretion of the
27 Board. The Executive Director shall be the chief
28 administrative and operational officer of the Authority,
29 shall direct and supervise its administrative affairs and
30 general management, shall perform such other duties as may be
31 prescribed from time to time by the members and shall receive
32 compensation fixed by the Authority. The Authority may
33 engage the services of such other agents and employees,
34 including attorneys, appraisers, engineers, accountants,
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1 credit analysts and other consultants, as it may deem
2 advisable and may prescribe their duties and fix their
3 compensation.
4 (f) The Board shall create a task force to study and
5 make recommendations to the Board on the economic development
6 of the territory within the jurisdiction of this Act. The
7 number of members constituting the task force shall be set by
8 the Board and may vary from time to time. The Board may set
9 a specific date by which the task force is to submit its
10 final report and recommendations to the Board.
11 (Source: P.A. 86-837.)
12 Section 99. Effective date. This Act takes effect upon
13 becoming law.