Bill Status of HB5226  94th General Assembly


House Sponsors
Rep. Robert Rita

Last Action
DateChamber Action
  1/9/2007HouseSession Sine Die

Statutes Amended In Order of Appearance
605 ILCS 10/9.12

Synopsis As Introduced
Amends the Toll Highway Act. Provides that, if a privately held corporation with more than 400 shareholders holds a beneficial interest in land intended to be used or acquired for toll highway purposes, only those persons or entities holding a beneficial interest in excess of 5% must be disclosed. Provides that disclosure must be made by a written statement filed with the Illinois State Toll Highway Authority prior to (rather than contemporaneously with) its execution of the agreement or understanding for the use or acquisition of the property. Provides that the Authority must file the written statement of disclosure for recordation prior to its execution of the agreement or understanding or within 15 business days after the statement is filed with the Authority, whichever is earlier (rather than providing that the statement must be filed for recordation within 3 business days of its filing with the Authority). Effective immediately.

DateChamber Action
  1/24/2006HouseFiled with the Clerk by Rep. Robert Rita
  1/24/2006HouseFirst Reading
  1/24/2006HouseReferred to Rules Committee
  1/9/2007HouseSession Sine Die