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 Full Text Bill Status