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 Bill Status of SB1937  100th General Assembly


Short Description:  STATE PROPERTY-THOMPSON CENTER

Senate Sponsors
Sen. William E. Brady

Last Action
DateChamber Action
  2/10/2017SenateReferred to Assignments

Statutes Amended In Order of Appearance
30 ILCS 605/7.7 new


Synopsis As Introduced
Amends the State Property Control Act. Allows the administrator to dispose of the James R. Thompson Center by sale, lease, or through entering a public-private partnership to redevelop the property. Establishes requirements necessary for the sale of the Thompson Center, and defines the fair market value of the Thompson Center. Prohibits sale of the Thompson Center for less than fair market value. Establishes requirements for the lease of the Thompson Center. Grants the administrator all power necessary to convey, condemn, and otherwise affect any and all interest in the Thompson Center. Requires the administrator to disburse any money received by the disposition of the Thompson Center in a certain manner. Provides that any agreement to sell or lease the Thompson Center under the authority of these provisions must be entered into no later than 3 years after the effective date of the amendatory Act. Effective immediately.

Actions 
DateChamber Action
  2/10/2017SenateFiled with Secretary by Sen. Christine Radogno
  2/10/2017SenateFirst Reading
  2/10/2017SenateReferred to Assignments
  10/10/2017SenateChief Sponsor Changed to Sen. William E. Brady

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