92nd General Assembly
Summary of HB3024
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House Sponsors:
GRANBERG-DART-HOFFMAN-MORROW-MEYER, HAMOS, O'BRIEN, 
   BOLAND, SLONE, FRITCHEY, NOVAK, CURRY,JULIE, SCHOENBERG, 
   LYONS,JOSEPH, MCCARTHY, BROSNAHAN, DELGADO, SOTO, 
   LANG AND SCOTT.

Senate Sponsors:
RAUSCHENBERGER-WALSH,L

Short description: 
AIRPORT-CORRECTIONAL LAND ACT                                              

Synopsis of Bill as introduced:
        Creates the Land Banking Beneficial Disclosure Act. Provides that      
   no agreement or understanding of any kind may be made or entered  into      
   by any department or agency of the State of Illinois with a trustee or      
   beneficiary  of  a  land trust, when the land is intended for use as a      
   correctional facility or for airport  purposes, until  the  beneficial      
   interests in the property or land trust have been fully disclosed in a      
   written   statement   to  the  department  or  agency.   Requires  the      
   disclosure statement to identify each beneficiary and  define  his  or      
   her  interest.   Requires the trustee to file the disclosure statement      
   with the county recorder.  Effective immediately.                           
          FISCAL NOTE (Department of Transportation)                           
          Passage of HB 3024 would require that land trust disclosures be      
          recorded. This recording requirement would cause a small in-         
          crease in Department expenditures, but the exact amount is in-       
          determinate at this time.                                            
          LAND CONVEYANCE APPRAISAL NOTE (Department of Transportation)        
          HB 3024 includes no particular conveyance of property by the         
          State, therefore, the filing requirement for an appraisal is         
          not applicable.                                                      
          STATE MANDATES NOTE                                                  
          (Department of Commerce and Community Affairs)                       
          In the opinion of DCCA, HB 3024 creates a local government or-       
          ganization and structure mandate for which reimbursement of the      
          increased costs to units of local government is not required         
          under the State Mandates Act.                                        
        HOUSE AMENDMENT NO. 2.                                                 
        Provides that the disclosure statement must be filed at least  30      
   days before the closing of the sale.                                        
          STATE MANDATES NOTE, H-AM 2                                          
          (Department of Commerce and Community Affairs)                       
          In the opinion of DCCA, HB 3024 (H-am 2) does not meet the           
          definition of a State mandate under the State Mandates Act.          
        HOUSE AMENDMENT NO. 3.                                                 
        Deletes  everything.   Creates  the  Airport   and   Correctional      
   Facility Land Disclosure Act.  Provides that neither the State nor any      
   unit of local government may enter into any agreement or understanding      
   for  the  use  or  acquisition  of land that is intended to be used or      
   acquired for airport purposes or for a  correctional  facility  unless      
   full disclosure of all individuals and entities holding any beneficial      
   interest  in  the  land  is  made.   Requires  the  statement to be in      
   writing, verified under penalty of perjury, and  recorded.   Effective      
   immediately.                                                                
          FISCAL NOTE, H-AM 2 (Department of Transportation)                   
          Same as previous DOT fiscal note.                                    
 
Last action on Bill: PUBLIC ACT.............................. 92-0294

   Last action date: AUG-09-2001

           Location: House

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


   END OF INQUIRY 



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