Illinois Statutes
§ 34A-301 — Board of Directors
Illinois·Topic EDUCATION·Ch. 105 SCHOOLS·Act 105 ILCS 5/ School Code.·Art. Article 34A - School Finance Authority
The governing body of the Authority shall be a board consisting of 5 Directors appointed as follows:
(a)Two Directors appointed by the Governor, with the approval of the Mayor.
(b)Two Directors appointed by the Mayor, with the approval of the Governor.
(c)One Director appointed jointly by the Governor and the Mayor, who shall serve as Chairman.
(d)The Governor and the Mayor shall certify their respective appointments and approvals to the Secretary of State.
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Legislative History
(Source: P.A. 81-1221.)
Nearby Sections
15
§ 34A-101
Short title§ 34A-102
Findings and purpose§ 34A-103
Definitions§ 34A-104
Establishment of Authority§ 34A-201
General powers§ 34A-201.1
(Repealed)§ 34A-201a
(Repealed)§ 34A-202
Deposits and Investments§ 34A-301
Board of Directors§ 34A-302
Terms, vacancies and removal§ 34A-303
Chairman and other officers§ 34A-304
§ 34A-304§ 34A-305
Compensation§ 34A-306
Meetings and records