State of Illinois
92nd General Assembly
Legislation

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92_SB0358eng

 
SB358 Engrossed                                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
 
SB358 Engrossed             -2-                LRB9207502TApc
 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
 
SB358 Engrossed             -3-                LRB9207502TApc
 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,
 
SB358 Engrossed             -4-                LRB9207502TApc
 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.

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