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House Bill 3036 |
House Author: Deshotel |
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Effective: 6-18-05 |
Senate Sponsor: Janek |
House Bill 3036 amends the Development Corporation Act to change the number of directors of a corporation created by a city under Section 4A of the Act from five to at least five and to allow the governing body of the city to remove a director at any time without cause. The bill requires the governing body of the city to determine the number of directors and the length of the term of each director, not to exceed six years, and to take action to conform the length of terms of the directors to the requirements of this provision not later than January 1, 2006.