HB0125 98TH GENERAL ASSEMBLY

LRB098 03949 OMW 33968 b

98TH GENERAL ASSEMBLY
State of Illinois
2013 and 2014
HB0125

Introduced 1/10/2013, by Rep. Jehan A. Gordon

SYNOPSIS AS INTRODUCED:

55 ILCS 5/5-14008 new

Amends the Counties Code. Adds a new Section regarding the powers of the joint regional planning commission. Provides that any real property sold or conveyed by the commission must be appraised by a licensed and certified appraiser, and the appraisal shall be available for public inspection. Sets forth the contract requirements concerning the purchase of real property by the commission. Effective immediately.

A BILL FOR

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 adding Section 5-14008 as follows:

(55 ILCS 5/5-14008 new)

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.

Section 99. Effective date. This Act takes effect upon becoming law.