State of Illinois
92nd General Assembly
Legislation

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92_HB0133

 
                                               LRB9201582DHmg

 1        AN ACT in relation to highways.

 2        Be it enacted by the People of  the  State  of  Illinois,
 3    represented in the General Assembly:

 4        Section  5.   The  Illinois  Highway  Code  is amended by
 5    changing Section 4-508.1 as follows:

 6        (605 ILCS 5/4-508.1) (from Ch. 121, par. 4-508.1)
 7        Sec. 4-508.1.  In the event the Department obtains or has
 8    obtained fee simple title to, or any lesser interest in,  any
 9    land,  rights  or  other  property  under  the  provisions of
10    Section 4-508 of this  Code  in  connection  with  a  project
11    involving  the  planned construction of a federal-aid highway
12    and that project ceases to  be  a  federal-aid  project,  the
13    Department  is  authorized  to convey title to, or any lesser
14    interest in, all such land, rights or property, regardless of
15    whether any construction has taken  place,  to  the  Illinois
16    State  Toll  Highway Authority for without compensation equal
17    to the fair market value of  the  title  or  lesser  interest
18    conveyed  when  such conveyance is approved in writing by the
19    Governor. All moneys resulting from a conveyance  under  this
20    Section shall be deposited into the Road Fund.
21    (Source: P.A. 83-1258.)

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