SCHOENBERG-MAY. 605 ILCS 5/4-508.1 from Ch. 121, par. 4-508.1 Amends the Illinois Highway Code. Provides that when the Department of Transportation conveys to the Illinois State Toll Highway Authority an interest in land, rights or other property acquired in connection with a federal-aid project that ceases to exist, the Department must receive compensation equal to the fair market value of the interest conveyed (instead of receiving no compensation), to be deposited into the Road Fund. FISCAL NOTE (Department of Transportation) The cost of properties acquired by IDOT associated with ongoing toll highway projects is approximately $51 million. Until par- cels have been appraised for the current fair market value, there is no way of determining the true fiscal impact of HB132. JAN-04-2001 H PREFILED WITH CLERK JAN-10-2001 H FIRST READING JAN-10-2001 H REFERRED TO HOUSE RULES COMMITTEE RULES JAN-31-2001 H ASSIGNED TO COMMITTEE APP-GEN SERVS JAN-31-2001 H ADDED AS A JOINT SPONSOR MAY FEB-15-2001 H FISCAL NOTE FILED FEB-15-2001 H COMMITTEE APP-GEN SERVS MAR-16-2001 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL JAN-07-2003 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary