Sen. James A. DeLeo
Filed: 11/9/2004
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1 | AMENDMENT TO HOUSE BILL 1007
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2 | AMENDMENT NO. ______. Amend House Bill 1007 by replacing | ||||||
3 | everything after the enacting clause with the following:
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4 | "Section 5. The Department of Transportation Law of the
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5 | Civil Administrative Code of Illinois is amended by changing | ||||||
6 | Section 2705-555 as follows:
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7 | (20 ILCS 2705/2705-555) (was 20 ILCS 2705/49.13)
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8 | Sec. 2705-555. Lease of land or property.
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9 | (a) The Department has the power from
time to time to lease | ||||||
10 | any land or property, with or without
appurtenances, of which | ||||||
11 | the Department has jurisdiction and that is not
immediately to | ||||||
12 | be used or developed by the State; provided that no such
lease | ||||||
13 | be for a longer period of time than that in which it can | ||||||
14 | reasonably
be expected the State will not have use for the | ||||||
15 | property, and
further
provided that no such lease be for a | ||||||
16 | longer period of time than 5 years,
except as provided in | ||||||
17 | subsection (b).
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18 | (b) In counties with a population of not less than 500,000 | ||||||
19 | and not more
than 800,000, a lease
to any other
department of | ||||||
20 | State
government, any authority, commission, or agency of the | ||||||
21 | State, or a
municipality, county, or township of the State, | ||||||
22 | including in any land lease the
corresponding vertical rights, | ||||||
23 | subterranean and air rights, and sublease
rights,
may be for a | ||||||
24 | period of time no longer than 25 years.
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1 | (c) In counties with a population of not less than | ||||||
2 | 3,000,000, a lease initially entered into within one year after | ||||||
3 | the effective date of this amendatory Act of the 93rd General | ||||||
4 | Assembly, including in any land lease the corresponding | ||||||
5 | vertical rights, subterranean and air rights, and sublease | ||||||
6 | rights, may be for a period of time no longer than 35 years. | ||||||
7 | The land or property shall be leased by the Department at fair | ||||||
8 | market value.
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9 | (Source: P.A. 91-239, eff. 1-1-00; 91-783, eff. 6-9-00.)
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10 | Section 99. Effective date. This Act takes effect upon | ||||||
11 | becoming law.".
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