Bill Status of HB4950

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HB4950 - 104th General Assembly

REAL ESTATE-VARIOUS
Last Action
4/16/2026 - House: Third Reading - Short Debate - Passed 110-001-000
House Sponsors
Rep. Jay Hoffman and Matt Hanson
Statutes Amended In Order of Appearance
30 ILCS 105/9.02from Ch. 127, par. 145c
30 ILCS 545/2from Ch. 127, par. 132.52
225 ILCS 458/1-10
225 ILCS 458/5-5
225 ILCS 458/5-30
225 ILCS 458/15-10
225 ILCS 458/15-10.1
225 ILCS 458/15-11
225 ILCS 458/15-15
225 ILCS 458/25-10
605 ILCS 5/4-501from Ch. 121, par. 4-501
Synopsis As Introduced
Amends the State Finance Act. In provisions concerning vouchers, provides that the signature requirement for construction contracts procured by the Department of Transportation shall apply to contracts, contract renewals, and orders against a master contract in the amount of $750,000 or more in a fiscal year and to any contract amendment or change to an existing contract that increases the value of the contract to or by $750,000 or more in a fiscal year. Amends the Public Contract Fraud Act. In provisions concerning spending money without obtaining title to land, provides that the Department of Transportation may proceed with bidding or awarding a contract or any construction activities once it has complied with specified federal requirements. Amends the Real Estate Appraiser Licensing Act of 2002. Makes changes in provisions concerning: waiver valuations; endorsement; grounds for disciplinary action; citations; discrimination; investigation, notice, and hearing; and meetings of the Real Estate Appraisal Administration and Disciplinary Board. Amends the Illinois Highway Code. In provisions allowing the Department of Transportation to acquire an interest in land, rights, or other property for specified road construction purposes, specifies that the property may be public or private property. Makes other changes. Effective immediately.

House Floor Amendment No. 1
Deletes reference to:
30 ILCS 105/9.02from Ch. 127, par. 145c
225 ILCS 458/5-30
225 ILCS 458/15-10
225 ILCS 458/15-10.1
225 ILCS 458/15-11
225 ILCS 458/15-15
225 ILCS 458/25-10
Replaces everything after the enacting clause. Amends the Public Contract Fraud Act. In provisions concerning spending money without obtaining title to land, provides that the Department of Transportation may proceed with bidding or awarding a contract or any construction activities once it has complied with specified federal requirements. Amends the Real Estate Appraiser Licensing Act of 2002. Makes a change in the definition of "appraiser panel" and defines "waiver valuation". Provides that waiver valuations are not appraisals and a license or certification under the Act is not required if the valuations are created in specified manners. Provides that any person who is certified or licensed under the Act and performs a waiver valuation in accordance with specified requirements under the Act and specified federal law and regulations shall be exempt from adherence to all relevant provisions of the Uniform Standards of Professional Appraisal Practice while conducting those waiver valuations. Provides that nothing in the Act shall be construed to exempt any person who is certified or licensed under the Act from adhering to the Uniform Standards of Professional Appraisal Practice while conducting appraisals in accordance with the Act. Amends the Illinois Highway Code. In provisions allowing the Department of Transportation to acquire an interest in land, rights, or other property for specified road construction purposes, specifies that the property may be public or private property. Makes other changes. Effective immediately.
Actions
Date Chamber Action
2/04/2026 House Filed with the Clerk by Rep. Jay Hoffman
2/06/2026 House First Reading
2/06/2026 House Referred to Rules Committee
3/18/2026 House Assigned to State Government Administration Committee
3/25/2026 House Do Pass / Short Debate State Government Administration Committee; 009-000-000
3/26/2026 House Placed on Calendar 2nd Reading - Short Debate
4/10/2026 House Second Reading - Short Debate
4/10/2026 House Held on Calendar Order of Second Reading - Short Debate
4/13/2026 House House Floor Amendment No. 1 Filed with Clerk by Rep. Jay Hoffman
4/13/2026 House House Floor Amendment No. 1 Referred to Rules Committee
4/14/2026 House House Floor Amendment No. 1 Rules Refers to State Government Administration Committee
4/15/2026 House House Floor Amendment No. 1 Recommends Be Adopted State Government Administration Committee; 009-000-000
4/16/2026 House House Floor Amendment No. 1 Adopted
4/16/2026 House Placed on Calendar Order of 3rd Reading - Short Debate
4/16/2026 House Third Reading - Short Debate - Passed 110-001-000
4/16/2026 House Added Co-Sponsor Rep. Matt Hanson