92nd General Assembly
Summary of HB0418
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House Sponsors:
MORROW-GRANBERG-DAVIS,MONIQUE-JONES,LOU-MILLER, 
   SLONE, YARBROUGH AND HAMOS.

Senate Sponsors:
RAUSCHENBERGER-PARKER

Short description: 
DOT-TOLL-DISCLOSE LAND PRICE                                               

Synopsis of Bill as introduced:
        Creates the Transportation and Toll Highway Property  Transaction      
   Act.  Requires the Department of Transportation and the Illinois State      
   Toll  Highway  Authority  to  disclose  to  the  Department of Central      
   Management Services information concerning  the  acquisition  of  real      
   property using State moneys, including the identity of the owners, the      
   fair  market  value,  the  purchase price, the bidding method, and the      
   State use.  Requires  that  the  price  at  which  the  Department  of      
   Transportation  sells  real  property to the Toll Highway Authority be      
   within 5% of its fair market value.  Requires  that  the  fair  market      
   values  of  real  properties  exchanged  by  the  Department  and  the      
   Authority be within 5% of each other.                                       
          STATE MANDATES NOTE (Dept. of Commerce and Community Affairs)        
          In the opinion of DCCA, HB 418 does not create a State mandate       
          under the State Mandates Act.                                        
          FISCAL NOTE (Illinois State Toll Highway Authority)                  
          It is the understanding of the Authority that the Department of      
          Transportation has expended $51 million to acquire property          
          associated with potential future tollway extensions. However,        
          these parcels have not been appraised to determine their cur-        
          rent fair market value. Therefore, should the Tollway reim-          
          burse IDOT for these parcels, at their current value, the true       
          fiscal impact of this legislation cannot be determined.              
          FISCAL NOTE (Department of Transportation)                           
          The cost of properties acquired by the Illinois Department of        
          Transportation associated with ongoing toll highway projects         
          is approximately $51 million. Until the parcels have been            
          appraised for the current fair market value, there is no way         
          of determining the true fiscal impact of this legislation.           
        SENATE AMENDMENT NO. 1.                                                
          Deletes reference to:                                                
          New Act                                                              
          Adds reference to:                                                   
          605 ILCS 10/9.12 new                                                 
        Deletes everything. Amends the Toll Highway  Act.  Provides  that      
   before the Illinois Toll Highway Authority may enter into any contract      
   relating  to  the  ownership  or use of real property, the identity of      
   every owner and beneficiary having any interest in the  property  must      
   be  disclosed.  Establishes  requirements  for  disclosure.  Effective      
   immediately.                                                                
        SENATE AMENDMENT NO. 2.                                                
          Deletes reference to:                                                
          New Act                                                              
          Adds reference to:                                                   
          605 ILCS 10/9.12 new                                                 
        Deletes everything.  Amends the Toll Highway Act.  Provides  that      
   the  Illinois  State  Toll  Highway  Authority  may not enter into any      
   agreement or understanding for the use or acquisition of land that  is      
   intended  to be used or acquired for toll highway purposes unless full      
   disclosure of all individuals  and  entities  holding  any  beneficial      
   interest  in  the  land  is  made.   Provides  that  if  the Authority      
   commences condemnation proceedings to acquire land for a toll highway,      
   holders of all beneficial interests must make full disclosure,  unless      
   the  court  determines that disclosure would cause one or more of them      
   irreparable harm.  Requires the statement to be in  writing,  verified      
   under  penalty  of  perjury, and recorded.  Provides that a person who      
   violates the provision is guilty of a business offense  and  shall  be      
   fined $10,000.  Effective immediately.                                      
 
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: House

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


   END OF INQUIRY 
                                                                               



 Full Text  Bill Status