90th General Assembly
Summary of HB1668
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House Sponsors:

Senate Sponsors:

Short description: 
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:                                                   
          New Act                                                              
          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

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   2     SENATE -   0


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