Public Act 103-0750
 
SB0691 EnrolledLRB103 03144 AWJ 48150 b

    AN ACT concerning local government.
 
    Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
 
    Section 5. The Counties Code is amended by changing
Section 5-14008 as follows:
 
    (55 ILCS 5/5-14008)
    Sec. 5-14008. Powers of commission; real property. The
joint regional planning commission may acquire, by purchase,
gift, or legacy, and hold real property for the purposes of the
joint regional planning commission, and may sell and convey
that property. The value of the real property shall be
determined by an appraisal performed by an appraiser licensed
under the Real Estate Appraiser Licensing Act of 2002 and who
is certified to appraise the type or types of property to be
valued. The appraisal report of the appraiser shall be
available for public inspection. The joint regional planning
commission may purchase the real property under contracts
providing for payment in installments over a period of time of
not more than 20 years and may finance the purchase of the real
property under finance contracts providing for payment in
installments over a period of time of not more than 20 years.
This Section applies only to a joint regional planning
commission if it consists of 3 or fewer counties that border
the Illinois River, where at least one of those counties has a
population of 180,000 or more.
(Source: P.A. 98-196, eff. 8-9-13.)