Amends the Fair and Exposition Authority Reconstruction Act. Makes a technical change in a Section concerning the short title.
House Floor Amendment No. 1: Replaces everything after the enacting clause. Amends America's Central Port District Act. Authorizes the District Board to borrow money from a governmental agency, bank, or other financial institution (rather than only a bank or other financial institution). Changes the definition of "financial institution". Provides that a majority of the appointed Board (rather than 5 members of the Board) constitutes a quorum for the transaction of business. Provides that the governing board and administrative body of the Port District is a Board of Commissioners consisting of up to 9 members (rather than 9 members). Provides that all actions of the Board must be by ordinance or resolution, and the affirmative vote of a majority of those members physically present is necessary for the adoption of any ordinance or resolution. Provides that, if the chair of the Board objects to an ordinance or resolution, the objections can be overridden by a vote of at least two-thirds of the members (rather than 6 members). Allows funds to be withdrawn or paid out by Automated Clearing House transaction or other electronic means (rather than only by check or draft) and also removes the $2,500 cap for allowing a Board member or any officer of the district to sign for the treasurer to pay an obligation. Provides that, within 9 months after the end of each fiscal year, the Board must have an independent auditor prepare and complete a detailed report and financial statement. Deletes the requirement that copies of the report must be filed with the presiding officers of the county boards of Madison and Jersey Counties.
Senate Committee Amendment No. 1: Replaces everything after the enacting clause. Reinserts the provisions of the engrossed bill with the following changes. Deletes changes concerning the number of members of the Board of Commissioners of America's Central Port District. Deletes changes concerning the number of members of the Board of Commissioners of America's Central Port District that are needed to transact business.

Statutes affected:
Introduced: 70 ILCS 215/1
Engrossed: 70 ILCS 1860/7, 70 ILCS 1860/15, 70 ILCS 1860/19, 70 ILCS 1860/21, 70 ILCS 1860/25
Enrolled: 70 ILCS 1860/7, 70 ILCS 1860/21, 70 ILCS 1860/25