IL SB2187 | 2015-2016 | 99th General Assembly

Status

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on October 20 2015 - 25% progression, died in committee
Action: 2016-01-07 - Pursuant to Senate Rule 3-9(b) / Referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the State Property Control Act. Specifies that the administrator is authorized to dispose of the James R. Thompson Center in 3 ways. Allows the administrator to sell the real property by auction. Allows the administrator to sell or lease the real property pursuant to a competitive sealed bid. Allows the administrator to enter into a lease, a public-private partnership with a real estate developer, or other agreement that directly or indirectly gives the State a right to use, control, or possess some portion or interest in the real property. Provides that all moneys received from the sale or lease of the real property shall be deposited into the General Revenue Fund. Authorizes the administrator to enter into any agreements and execute any documents necessary. Provides that any agreement to sell or lease the real property must be entered into no later than 3 years after the effective date of this amendatory Act. Effective immediately.

Tracking Information

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Title

SELL/LEASE THOMPSON CENTER

Sponsors


History

DateChamberAction
2016-01-07SenatePursuant to Senate Rule 3-9(b) / Referred to Assignments
2015-10-20SenateAssigned to Executive
2015-10-20SenateReferred to Assignments
2015-10-20SenateFirst Reading
2015-10-20SenateFiled with Secretary by Sen. Christine Radogno

Code Citations

ChapterArticleSectionCitation TypeStatute Text
306057.7New CodeSee Bill Text

Illinois State Sources


Bill Comments

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