TRANSIT BOARDS-QUALIFICATIONS

Amends the Metropolitan Transit Authority Act and the Regional Transportation Authority Act. Provides that individuals are eligible for appointment to the Chicago Transit Board, the Regional Transportation Authority Board, the Commuter Rail Board, or the Suburban Bus Board if he or she possesses at least 5 years of experience in transportation, finance, or urban or financial planning and has resided in the geographic area for which he or she is appointed for at least one year. Requires a member of the Chicago Transit Board and Directors of the Regional Transportation Authority Board, the Commuter Rail Board, and the Suburban Bus Board to reside in the geographic area for which he or she is appointed for the duration of his or her term. Provides that if a member or Director ceases to reside in the geographic area for which he or she is appointed for more than 3 months, his or her office shall be vacant and may be filled by the appropriate appointing authority.