Bond Reform in the Construction Industry Task Force

Board and Commission Details

Contact Name

Illinois Department of Transportation

Function

The Task Force shall study innovative ways to reduce the cost of insurance in the private and public construction industry while protecting owners from risk of nonperformance. The Task Force shall consider options that include, but are not limited to, owner-financed insurance instead of contractor-financed insurance and alternative ways to manage risk other than bonds or other insurance products.

Senate Confirmation

No

Composition

(1) the Governor, or his or her designee; (2) the State Treasurer, or his or her designee; (3) the Director of Insurance, or his or her designee; (4) 2 members appointed by the Speaker of the House of Representatives; (5) 2 members appointed by the Minority Leader of the House of Representatives; (6) 2 members appointed by the President of the Senate; (7) 2 members appointed by the Minority Leader of the Senate; and (8) 7 members representing the construction industry appointed by the Governor.

Authority

P.A. 102-1065


Member Names

Name Member Expiration Member Since Affiliation Appointed By Position Title County
Vacant Governor Governor or designee Member
Vacant Statute Illinois State Treasurer or designee Member
Vacant Statute Director of Insurance or designee Member
Drury, Clinton "Clint" John 05/15/2023 Speaker of the House of Representatives Member
Ortiz, Rep. Aaron M. 07/16/2024 Speaker of the House of Representatives Member
Healy, Jack 08/22/2022 Minority Leader of the House of Representatives Member
Cullinan, Allen Minority Leader of the House of Representatives Member
Vacant President of the Senate Member
Vacant President of the Senate Member
Tyler, Deavay 08/10/2022 MInority Leader of the Senate Member
Solis, Ivan 08/19/2022 Minority Leader of the Senate Member
Vacant Governor Representing the construction industry Member
Vacant Governor Representing the construction industry Member
Vacant Governor Representing the construction industry Member
Vacant Governor Representing the construction industry Member
Vacant Governor Representing the construction industry Member
Vacant Governor Representing the construction industry Member
Vacant Governor Representing the construction industry Member