[ Search ] [ PDF text ] [ Legislation ]
[ Home ] [ Back ] [ Bottom ]
92_HB1738 LRB9207444DHcs 1 AN ACT concerning highways. 2 Be it enacted by the People of the State of Illinois, 3 represented in the General Assembly: 4 Section 5. The Illinois Highway Code is amended by 5 changing Section 4-508.1 as follows: 6 (605 ILCS 5/4-508.1) (from Ch. 121, par. 4-508.1) 7 Sec. 4-508.1. In the event the Department obtains or has 8 obtained fee simple title to, or any lesser interest in, any 9 land, rights or other property under the provisions of 10 Section 4-508 of this Code in connection with a project 11 involving the planned construction of a federal-aid highway 12 and that project ceases to be a federal-aid project, the 13 Department is authorized to convey title to, or any lesser 14 interest in, all such land, rights or property, regardless of 15 whether any construction has taken place, to the Illinois 16 State Toll Highway Authority forwithoutcompensation equal 17 to the fair market value of the title or lesser interest 18 conveyed when such conveyance is approved in writing by the 19 Governor. All moneys resulting from a conveyance under this 20 Section shall be deposited into the Road Fund. 21 (Source: P.A. 83-1258.)