HB4950 - 104th General Assembly (2025-2026)

REAL ESTATE-VARIOUS
Last Action
4/21/2026 - Senate: Referred to Assignments
Statutes Amended In Order of Appearance
30 ILCS 105/9.02  from Ch. 127, par. 145c
30 ILCS 545/2  from 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 5/4-501  from 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 105/9.02   from 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
DateChamberAction
2/04/2026HouseFiled with the Clerk by Rep. Jay Hoffman
2/06/2026HouseFirst Reading
2/06/2026HouseReferred to Rules Committee
3/18/2026HouseAssigned to State Government Administration Committee
3/25/2026HouseDo Pass / Short Debate State Government Administration Committee; 009-000-000
3/26/2026HousePlaced on Calendar 2nd Reading - Short Debate
4/10/2026HouseSecond Reading - Short Debate
4/10/2026HouseHeld on Calendar Order of Second Reading - Short Debate
4/13/2026HouseHouse Floor Amendment No. 1 Filed with Clerk by Rep. Jay Hoffman
4/13/2026HouseHouse Floor Amendment No. 1 Referred to Rules Committee
4/14/2026HouseHouse Floor Amendment No. 1 Rules Refers to State Government Administration Committee
4/15/2026HouseHouse Floor Amendment No. 1 Recommends Be Adopted State Government Administration Committee; 009-000-000
4/16/2026HouseHouse Floor Amendment No. 1 Adopted
4/16/2026HousePlaced on Calendar Order of 3rd Reading - Short Debate
4/16/2026HouseThird Reading - Short Debate - Passed 110-001-000
4/16/2026HouseAdded Co-Sponsor Rep. Matt Hanson
4/21/2026SenateArrive in Senate
4/21/2026SenatePlaced on Calendar Order of First Reading
4/21/2026SenateChief Senate Sponsor Sen. Ram Villivalam
4/21/2026SenateFirst Reading
4/21/2026SenateReferred to Assignments