Synopsis As Introduced Amends the Eminent Domain Act. Provides that a public university of this State may not acquire property by condemnation or eminent domain if the university's current land holdings are sufficient to accommodate the development of the university's planned improvements. Provides that if an attempt is made to take private property due to the alleged inadequacy of the university's current land holdings, the question whether the current land holdings are truly not adequate shall be a judicial question and determined without regard to any administrative or legislative assertion that the university lacks the land necessary to erect its planned improvements. Provides that a public university of this State may not acquire property by condemnation or eminent domain to advance the economic interest of private parties to be given ownership or use of the property taken. States that the new provisions apply to all condemnations by public universities in this State pending or filed after the effective date of the amendatory Act.