ERWIN-SCHOENBERG-GASH, PHELPS, O'BRIEN AND SCULLY.
STATE REAL ESTATE BOARD
Synopsis of Bill as introduced:
Creates the State Real Estate Board Act and amends the Civil
Administrative Code of Illinois. Establishes a State Real Estate
Board, composed of 5 Governor-appointees and the State Treasurer, to
review and approve or deny State executive branch agency real estate
lease and purchase requests. Authorizes the Board to recommend and,
upon agency request, implement real estate transactions in the State's
best current and future interests. Removes the authority of the
Department of Central Management Services in implementing State agency
real estate transactions. Effective immediately.
FISCAL NOTE (CMS)
It is estimated HB 417 will increase State expenditures by
approximately $283,000, including 3 additional headcount.
Last action on Bill: SESSION SINE DIE
Last action date: 99-01-12
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0
END OF INQUIRY
Full Text Bill Status