98TH GENERAL ASSEMBLY
State of Illinois
2013 and 2014
HB0125
 
Introduced 1/10/2013, by Rep. Jehan A. Gordon
 
SYNOPSIS AS INTRODUCED:
 

 
55 ILCS 5/5-14008 new

     Amends the Counties Code. Adds a new Section regarding the powers of the joint regional planning commission. Provides that any real property sold or conveyed by the commission must be appraised by a licensed and certified appraiser, and the appraisal shall be available for public inspection. Sets forth the contract requirements concerning the purchase of real property by the commission. Effective immediately.
  


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A BILL FOR
 

  
HB0125LRB098 03949 OMW 33968 b


  
1    AN ACT concerning local government.
  
 
2    Be it enacted by the People of the State of Illinois,
 
3represented in the General Assembly:
  


 
4    Section 5. The Counties Code is amended  by adding Section 
55-14008 as follows:
 
6    (55 ILCS 5/5-14008 new)
7    Sec. 5-14008. Powers of commission; real property. The 
8joint regional planning commission may acquire, by purchase, 
9gift, or legacy, and hold real property for the purposes of the 
10joint regional planning commission, and may sell and convey 
11that property. The value of the real property shall be 
12determined by an appraisal performed by an appraiser licensed 
13under the Real Estate Appraiser Licensing Act of 2002 and who 
14is certified to appraise the type or types of property to be 
15valued. The appraisal report of the appraiser shall be 
16available for public inspection. The joint regional planning 
17commission may purchase the real property under contracts 
18providing for payment in installments over a period of time of 
19not more than 20 years and may finance the purchase of the real 
20property under finance contracts providing for payment in 
21installments over a period of time of not more than 20 years.
 

22    Section 99. Effective date. This Act takes effect upon 
 
 
HB0125- 2 -LRB098 03949 OMW 33968 b

1becoming law.