Illinois Administrative Code
Title 74 - PUBLIC FINANCE
Part 800 - RULES AND REGULATIONS OF THE BOARD
Subpart F - AMENDMENTS
Section 800.510 - Amendments
Current through Register Vol. 48, No. 38, September 20, 2024
Amendments to this Part may be proposed by any member of the Board, shall be submitted to the Board's General Counsel in writing, and shall be acted upon in the following manner:
a) Upon receipt of a proposal for an amendment, the Board's General Counsel shall distribute a copy to each member of the Board setting forth in full the proposed amendment at least 10 days prior to the date of any regular or special meeting at which the proposal will be submitted for consideration.
b) At the next regular or special meeting following the distribution of the notice, or at any meeting thereafter to which consideration of the amendment has been postponed, the amendment may be adopted by a vote of at least a majority of all members of the Board. At the meeting, the proposed amendment may be modified before being acted upon, without the necessity of any further notice to the members, provided that the amendment as modified shall be applicable only to those Sections or subsections to which the notice specifically referred, and provided further that any modification shall be approved by at least a majority of all members of the Board.
c) When the Board has approved a proposal to amend this Part, the amendment shall be proposed and adopted as required by the Illinois Administrative Procedure Act [ 5 ILCS 100 ].
