Synopsis As Introduced Amends the Illinois Municipal Code. Requires that petitions for a municipality to annex contiguous territory that is not within the corporate limits of a municipality must also include: that the petition for annexation is made solely for the benefit of the owners of record of the land and, if applicable, the electors residing in the territory; and that the petition for annexation is not made for the purpose of assisting any municipality in annexing specified unincorporated territory containing 60 acres or less. In provisions concerning annexing unincorporated territory containing 60 acres or less, provides that the land being annexed must be wholly bounded by specified privately owned land. Defines "privately owned land". Effective immediately.