Ill. Admin. Code tit. 74, § 1100.100 – Composition, Appointment and Terms of Office | Midpage
§ 1100.100
Ill. Admin. Code tit. 74, § 1100.100
Composition, Appointment and Terms of Office
31 Ill. Reg. 12104AUTHORITY: Implementing and authorized by the Illinois Finance Authority Act [20 ILCS 3501].ILLINOIS FINANCE AUTHORITY
a) The Board of the Authority shall be composed of 15 members as specified in Section 801-15 of the Act.
b) Members shall be appointed and confirmed in the manner provided in Section 801-15 of the Act, and for such terms as provided in Section 801-15 of the Act and shall serve until their successors are appointed and have qualified.
c) The Board may declare a vacancy for a member when it shall determine that a member has resigned, no longer resides within the State of Illinois, or has become incapacitated and rendered incapable of serving or performing duties as a member.
(Source: Recodified from 8 Ill. Adm. Code 1400.20 at 31 Ill. Reg. 12104)