Illinois General Assembly - Bill Status for SB2450

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Bill Status of SB2450 102nd General Assembly

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Short Description: HWY CD-IDOT-LAND CONVEYANCE

Senate Sponsors
Sen. Ram Villivalam

Last Action

Date	Chamber	Action
1/10/2023	Senate	Session Sine Die

Statutes Amended In Order of Appearance

605 ILCS 5/4-508

from Ch. 121, par. 4-508

Synopsis As Introduced
Amends the Illinois Highway Code. Allows the Department of Transportation to sell land, dedications, easements, access rights, or any interest in the real estate that it holds, or other properties acquired but no longer needed for highway purposes for fair market value (rather than for less than the appraised value). Provides that the fair market value may be based on one or more appraisals. Provides that the Department shall justify a sale below the fair market value. Provides that the Department shall develop a policy to assign a monetary value of all considerations. Provides for the order of priority in which the Department shall offer the real property. Makes other changes.

Actions

Date	Chamber	Action
2/26/2021	Senate	Filed with Secretary by Sen. Ram Villivalam
2/26/2021	Senate	First Reading
2/26/2021	Senate	Referred to Assignments
4/7/2021	Senate	Assigned to Executive
4/15/2021	Senate	To Executive- Government Operations
4/16/2021	Senate	Rule 3-9(a) / Re-referred to Assignments
1/10/2023	Senate	Session Sine Die

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