Illinois General Assembly - Full Text of Public Act 094-1107
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Public Act 094-1107


 

Public Act 1107 94TH GENERAL ASSEMBLY



 


 
Public Act 094-1107
 
SB1959 Enrolled LRB094 11404 RCE 42297 b

    AN ACT concerning State government.
 
    Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
 
    Section 5. The State Property Control Act is amended by
adding Section 8.3 as follows:
 
    (30 ILCS 605/8.3 new)
    Sec. 8.3. John J. Madden Mental Health Center.
    (a) Notwithstanding any other provision of this Act or any
other law to the contrary, the administrator is authorized
under this Section to sell all or any part, from time to time,
of the property in Cook County known as the John J. Madden
Mental Health Center, if ever it is declared no longer needed
by the Secretary of Human Services, to Loyola University
Medical Center at its fair market value as determined under
subsection (b).
    (b) The administrator shall obtain 3 appraisals of property
to be sold under subsection (a). Each appraiser must be
licensed under the Real Estate Appraiser Licensing Act of 2002,
or a successor Act. At least 2 of the appraisals must be
performed by appraisers residing in Cook County. The average of
these 3 appraisals, plus the cost of obtaining the appraisals,
shall represent the fair market value of the property to be
sold.
    (c) Neither all nor any part of the property may be sold or
leased to any other party by the administrator or by any other
State officer or agency, at any time, unless it has first been
offered for sale to Loyola University Medical Center as
provided in this Section.
 
    Section 99. Effective date. This Act takes effect upon
becoming law.

Effective Date: 2/16/2007