92nd General Assembly
Summary of HB3299
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House Sponsors:

Short description: 
U OF I ACT-SELL PROPERTY                                                   

Synopsis of Bill as introduced:
        Amends the University of Illinois  Act  and  the  State  Property      
   Control  Act.    Authorizes the Board of Trustees of the University of      
   Illinois to sell, lease, or otherwise transfer and convey certain real      
   estate.  Allows the Board of Trustees to retain the proceeds from  any      
   such  transaction and use the proceeds to acquire and develop land for      
   the South Campus Farms on the Urbana-Champaign campus and  to  acquire      
   and  remodel  warehouse space to replace certain warehouse space being      
   lost in  Chicago  (with  any  unused  money  for  the  projects  being      
   deposited  into  the  General  Revenue Fund).  Provides that the State      
   Property Control Act does not apply  to  the  transaction.   Effective      
        HOUSE AMENDMENT NO. 1.                                                 
          Deletes reference to:                                                
          30 ILCS 605/8.5 new                                                  
        Deletes  everything  after  the  enacting  clause.   Amends   the      
   University  of  Illinois  Act.   Makes a technical change in a Section      
   concerning the powers of the trustees.                                      
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   1     SENATE -   0


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