SCHCD-REAL ESTATE CONVEYANCE
Synopsis of Bill as introduced:
Amends the School Code. Makes a change of style in the
provisions relating to high school quality guarantees.
FISCAL NOTE (State Board of Education)
No fiscal impact until substantive language is added.
STATE MANDATES FISCAL NOTE (SBE)
No change from SBE fiscal note.
STATE DEBT IMPACT NOTE, H-AM 1
HB 1668 would not have an impact on the level of State debt.
HOUSE AMENDMENT NO. 1.
Adds reference to:
Deletes reference to:
105 ILCS 5/22-25
Changes the title, deletes everything after the enacting clause,
and adds provisions authorizing Bethalto Community Unit School
District No. 8, Madison County, Illinois, for and in consideration of
$1, to convey by quitclaim deed certain improved real estate in
Madison County, Illinois to Community Hope Center, Inc., a
not-for-profit corporation organized and existing under the laws of
Illinois. Effective immediately.
HOUSE AMENDMENT NO. 2.
Provides that the conveyance is subject to a covenant and
condition that run with the lands conveyed, requiring the grantee
named in the deed of conveyance, should it ever sell or lease all or
any part of the real estate conveyed or any interest therein, to pay
over to the grantor school district all rentals and net sale proceeds
resulting from any such lease or sale.
Last action on Bill: PUBLIC ACT.............................. 90-0071
Last action date: 97-07-08
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 2 SENATE - 0
END OF INQUIRY
Full Text Bill Status