HB0325 Engrossed

LRB094 06741 BDD 36840 b






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    AN ACT concerning real property.

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


 
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    Section 5. The Board of Trustees of The University of 
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Illinois must convey to Gene Michael Vanderport, of Vermilion 
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County, Illinois, in exchange for fair market value, based on 
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the average of 3 certified appraisals, certain real property 
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located in Vermilion County, Illinois and described as follows:
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    A tract of land in the Southwest Fractional Quarter of 
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    Section 1, Township 18 North, Range 11 West of the 2nd 
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    Principal Meridian, bounded and described as follows: 
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    Beginning at the Northwest corner of the Southwest 
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    Fractional Quarter of Section 1, Township 18 North, Range 
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    11 West of the 2nd Principal Meridian; thence down the 
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    Vermilion River  following the meanders thereof 58 poles to 
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    a stone; thence in a Northeasterly direction or course to a 
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    point so as to strike the North line of said Southwest 
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    Fractional Quarter of said Section 1, 17 poles West of the 
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    Northeast corner of said Southwest Fractional Quarter of 
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    said Section 1; thence West to the place of beginning, 
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    EXCEPT 4.5 acres in a triangular shape off the Northeast 
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    corner of said described tract, situated in Vermilion 
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    County, Illinois.
 
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    Section 10.  (a) The State Property Control Act does not 
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apply to the transfer of the real property described in Section 
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5 of this Act.
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    (b) The provisions of this Act are judicially enforceable.
 
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    Section 90. The State Property Control Act is amended  by 
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changing Section 1.02 as follows:

 



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    (30 ILCS 605/1.02)  (from Ch. 127, par. 133b3)


 


 






HB0325 Engrossed
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LRB094 06741 BDD 36840 b




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    Sec. 1.02. "Property" means State owned property and 
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includes all real
estate, with the exception of rights of way 
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for State water resource and
highway improvements, traffic 
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signs and traffic signals, and with the
exception of common 
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school property; and all tangible personal property with
the 
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exception of properties specifically exempted by the 
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administrator,
provided that any property originally 
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classified as real property which
has been detached from its 
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structure shall be classified as personal property.

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    "Property" does not include property owned by the Illinois 
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Medical District
Commission and leased or occupied by others 
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for purposes permitted under the
Illinois Medical District Act.  
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"Property" also does not include property owned
and held by the 
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Illinois Medical District Commission for redevelopment.

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    "Property" does not include property described under 
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Section 5 of
Public Act 92-371
with respect to depositing the 
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net proceeds from the sale or exchange of the
property as 
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provided in Section 10 of that Act.

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    "Property" does not include that property described under 
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Section 5 of this amendatory Act of the 94th General Assembly.

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(Source: P.A. 92-371, eff. 8-15-01; 92-651, eff. 7-11-02.)


 

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    Section 99. Effective date. This Act takes effect upon 
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becoming law.