SB1597 EngrossedLRB101 09390 LNS 54488 b

1    AN ACT concerning civil law.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    (P.A. 83-841, Sec. 2 rep.)
5    Section 5. "An Act authorizing the Director of Central
6Management Services to convey certain described lands",
7approved September 26, 1983, Public Act 83-841, is amended by
8repealing Section 2.
 
9    Section 10. "An Act authorizing the Director of Central
10Management Services to convey certain described lands",
11approved September 26, 1983, Public Act 83-841, is amended by
12adding Section 2.5 as follows:
 
13    (P.A. 83-841, Sec. 2.5 new)
14    Sec. 2.5. The Department of Central Management Services
15shall, within 60 days after the effective date of this
16amendatory Act of the 101st General Assembly, execute and
17record a release of the reverter clause contained in the
18quitclaim deed filed in the office of the Kankakee County
19Recorder on January 26, 1984 as Document No. 84 00666. If the
20City of Manteno transfers the property to a private entity, it
21shall do so for no less than fair market value, and 25% of the
22sale proceeds shall be paid to the State of Illinois.
 

 

 

SB1597 Engrossed- 2 -LRB101 09390 LNS 54488 b

1    Section 99. Effective date. This Act takes effect upon
2becoming law.