Illinois General Assembly - Bill Status for SB2450
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 Bill Status of SB2450  102nd General Assembly


Senate Sponsors
Sen. Ram Villivalam

Last Action
DateChamber Action
  4/16/2021SenateRule 3-9(a) / Re-referred to Assignments

Statutes Amended In Order of Appearance
605 ILCS 5/4-508from Ch. 121, par. 4-508

Synopsis As Introduced
Amends the Illinois Highway Code. Allows the Department of Transportation to sell land, dedications, easements, access rights, or any interest in the real estate that it holds, or other properties acquired but no longer needed for highway purposes for fair market value (rather than for less than the appraised value). Provides that the fair market value may be based on one or more appraisals. Provides that the Department shall justify a sale below the fair market value. Provides that the Department shall develop a policy to assign a monetary value of all considerations. Provides for the order of priority in which the Department shall offer the real property. Makes other changes.

DateChamber Action
  2/26/2021SenateFiled with Secretary by Sen. Ram Villivalam
  2/26/2021SenateFirst Reading
  2/26/2021SenateReferred to Assignments
  4/7/2021SenateAssigned to Executive
  4/15/2021SenateTo Executive- Government Operations
  4/16/2021SenateRule 3-9(a) / Re-referred to Assignments

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