(30 ILCS 605/1.02)
(from Ch. 127, par. 133b3)
"Property" means State owned property and includes all real
estate, with the exception of rights of way for State water resource and
highway improvements, traffic signs and traffic signals, and with the
exception of common school property; and all tangible personal property with
the exception of properties specifically exempted by the administrator,
provided that any property originally classified as real property which
has been detached from its structure shall be classified as personal property.
"Property" does not include property owned by the Illinois Medical District
Commission and leased or occupied by others for purposes permitted under the
Illinois Medical District Act. "Property" also does not include property owned
and held by the Illinois Medical District Commission for redevelopment.
"Property" does not include property described under Section 5 of
Public Act 92-371
with respect to depositing the net proceeds from the sale or exchange of the
property as provided in Section 10 of that Act.
"Property" does not include that property described under Section 5 of Public Act 94-405.
"Property" does not include real property owned or operated by the Illinois Power Agency or any electricity generated on that real property or by the Agency. For purposes of this subsection only, "real property" includes any interest in land, all buildings and improvements located thereon, and all fixtures and equipment used or designed for the production and transmission of electricity located thereon.
(Source: P.A. 94-405, eff. 8-2-05; 95-331, eff. 8-21-07; 95-481, eff. 8-28-07.)