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HB5834 Engrossed |
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LRB094 21308 RCE 59652 b |
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| AN ACT concerning 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 State Property Control Act is amended by |
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| adding Section 8.3 as follows:
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| (30 ILCS 605/8.3 new) |
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| Sec. 8.3. John J. Madden Mental Health Center. |
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| (a) Notwithstanding any other provision of this Act or any |
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| other law to the contrary, the administrator is authorized |
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| under this Section to sell all or any part, from time to time, |
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| of the property in Cook County known as the John J. Madden |
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| Mental Health Center, if ever it is declared
no longer needed |
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| by the Secretary of Human Services, to Loyola University |
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| Medical Center at its fair market value as determined under |
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| subsection (b). |
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| (b) The administrator shall obtain 3 appraisals of property |
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| to be sold under subsection (a). Each appraiser must be |
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| licensed under the Real Estate Appraiser Licensing Act of 2002, |
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| or a successor Act. At least 2 of the appraisals must be |
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| performed by appraisers residing in Cook County. The average of |
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| these 3 appraisals, plus the cost of obtaining the appraisals, |
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| shall represent the fair market value of the property to be |
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| sold. |
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| (c) Neither all nor any part of the property may be sold or |
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| leased to any other party by the administrator or by any other |
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| State officer or agency, at any time, unless it has first been |
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| offered for sale to Loyola University Medical Center as |
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| provided in this Section.
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| Section 99. Effective date. This Act takes effect upon |
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| becoming law.
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