90th General Assembly
Status of HB0855
   [ Home ]   [ Back ]   [ Legislation ]
Legislation:  
Please enter a bill number.



 Full Text  Bill Summary
SILVA, GILES AND TURNER,ART.

   110 ILCS 305/7            from Ch. 144, par. 28                             

        Amends the University of Illinois Act.  Provides that persons who      
   contract  with  the  University  of  Illinois  to  acquire  from   the      
   University  and  develop  land  and  buildings  which  the  University      
   acquired  by  purchase,  lease,  or  exercise  of the power of eminent      
   domain in an area located on or adjacent to the  University's  Chicago      
   campus  shall  pay  1%  of the equalized assessed value of the land or      
   buildings to the University.  Requires the University to retain  those      
   amounts  in  its  own treasury in a separate account designated as the      
   Relocation Assistance Account.  Requires the University to develop and      
   implement a relocation assistance plan for businesses and  residential      
   and  other  property  owners displaced as a result of the University's      
   acquisition and the development of the area  in  which  the  displaced      
   businesses  and  residential  and  other property owners were located.      
   Requires use of amounts in the Relocation Assistance Account solely to      
   implement the relocation plan, under which substitute property  within      
   one  mile  of  the  displacement  area may be acquired by the Board of      
   Trustees for the benefit of  the  displaced  businesses  and  property      
   owners.  Effective immediately.                                             
          FISCAL NOTE (U of I at Chicago)                                      
          If a 1% fee is permitted, approximately $40,000 would be gener-      
          ated from land remaining and targeted for acquisition by UIC.        
          If UIC sells land to community groups or developers for $25 M,       
          about $90,000 would be generated; if the developer pays the 1%,      
          cost would be approximately $90,000. The relocation program          
          would therefore be self-supporting. However, due to UIC's tax        
          status, there is no assessed value of the land, so there would       
          not be any funds set aside for the relocation program.               
          STATE MANDATES FISCAL NOTE                                           
          In the opinion of DCCA, HB855 fails to meet the definition of a      
          State mandate.                                                       
   97-02-20  H  FIRST READING                                                  
   97-02-20  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   97-02-26  H       ASSIGNED TO COMMITTEE               HIGHER ED             
   97-03-11  H                         FISCAL NOTE FILED                       
   97-03-11  H                   COMMITTEE               HIGHER ED             
   97-03-14  H  ADDED AS A CO-SPONSOR                    GILES                 
   97-03-14  H  ADDED AS A CO-SPONSOR                    TURNER,ART            
   97-03-21  H  STATE MANDATES FISCAL NOTE FILED                               
   97-03-21  H                   COMMITTEE               HIGHER ED             
   97-03-21  H  RE-REFERRED TO RULES COMM/RULE 19(A)     RULES         HRUL    
   99-01-12  H  SESSION SINE DIE                                               

   END OF INQUIRY 



 Full Text  Bill Summary