Illinois Administrative Code › Title 74 - PUBLIC FINANCE › Part 1100 - ILLINOIS FINANCE AUTHORITY › Subpart A - ILLINOIS FINANCE AUTHORITY › Section 1100.110 - Executive Director

Current through Register Vol. 48, No. 28, July 12, 2024
a)
				Employment of Executive Director. The Executive Director shall be employed by
				the Authority in accordance with the provisions of Section 801-15 of the
				Act.
b) Qualifications. The
				Executive Director shall be a person who, by reason of education and
				experience, shall have demonstrated professional ability and knowledge in
				public administration, supervision of staff, policy formulation, agriculture
				and finance.
c) Chief Operating
				Officer. The Executive Director shall be the chief operating officer of the
				Authority, responsible to the Board for the execution of its policies and
				procedures.
d) Duties
1) The Executive Director shall develop the
				duties of the staff, direct its activities from its principal office and
				perform such other duties and functions as may be required by the Authority and
				as are expressed in the operating rules and procedures adopted and as amended
				from time to time by the Authority.
2) The Executive Director shall also have
				chief responsibility for primary external liaison to all other units or
				branches of government and businesses in Illinois, particularly as such
				activity relates directly to the implementation of the Act and the policies of
				the Authority.
3) The Executive
				Director is responsible for all administrative matters within the Authority:
				personnel, budgeting and fiscal planning, financial statements, purchasing, fee
				collection, annual financial reports, annual goals and objectives statements,
				and compliance with all State government operational requirements.
4) In particular, the Executive Director
				shall, on behalf of the Authority, have responsibility and commensurate
				authority to perform duties, including but not limited to, the following:
A) provide staff and administrative services,
				either directly or through the use of outside contractors, for the Authority;
				provided, however, that the Board must approve all contracts and the
				appointment of candidates for all staff positions. Responsibility for dismissal
				of Authority staff is that of the Executive Director;
B) prepare annual operating budgets for Board
				approval;
C) report periodically to
				the Board, both at and between meetings, on all aspects of the operation of the
				Authority, including the following:
i) Key
				matters relating to relations with outside consulting firms and the status of
				legislative and State agency relations;
ii) Updating Board members on progress toward
				its major objectives and staff progress/evaluation;
iii) Providing regular briefings of Board
				members on agenda items prior to scheduled public meetings.
D) recommend to the Board those
				policy and procedural options necessary to implement the provisions of the
				Act;
E) plan, with the Chairman,
				all meetings of the Authority;
F)
				maintain all records, files and reports required by the Authority;
G) prepare and submit for review by the Board
				the reports required of the Authority, including the annual report to the
				Governor and members of the General Assembly;
H) prepare and, as needed, revise and amend,
				with approval of the Board, such forms as necessary for administration of
				Authority programs. The number and type of forms shall be sufficient to
				safeguard the interests of the Authority;
I) represent the Authority whenever
				necessary; and
J) perform other
				duties and exercise other authorities as directed by the Board.