IL HB2139

Expands America's Central Port District's borrowing authority to include governmental agencies in addition to banks and financial institutions, with loans to be repaid within 20 years

Allows the District to withdraw or pay out funds via Automated Clearing House (ACH) transactions or other electronic means, in addition to traditional checks or drafts

Removes the $2,500 cap on obligations that can be paid using designated signature authority for the treasurer and chairman

Extends the deadline for the annual financial report and audit from 60 days to 9 months after the end of each fiscal year, and requires the report to be prepared by an independent auditor

Simplifies distribution requirements for the annual report by removing the requirement to send copies to county board presiding officers and allowing a summary to be submitted to municipal officials instead of the full report