91st General Assembly
Summary of SB1923
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Senate Sponsors:
WEAVER,S.

House Sponsors:
WINKEL-JOHNSON,TIM-ERWIN

Short description: 
U OF I ACT-SELL PROPERTY                                                   

Synopsis of Bill as introduced:
        Amends the University of Illinois Act.  Authorizes the  Board  of      
   Trustees  of  the  University of Illinois to sell, lease, or otherwise      
   transfer and convey certain real estate.  Allows the Board of Trustees      
   to retain the proceeds from any such transaction and use the  proceeds      
   to  acquire  and  develop  land  for  the  South  Campus  Farms on the      
   Urbana-Champaign campus and to replace certain warehouse  space  being      
   lost in Chicago.  Effective immediately.                                    
        SENATE AMENDMENT NO. 1.                                                
        Removes changes made to the Section concerning the powers of  the      
   Board of Trustees. Makes a technical change in that Section.                
        SENATE AMENDMENT NO. 2.                                                
          Adds reference to:                                                   
          30 ILCS 605/8.5 new                                                  
        Deletes everything.   Reinserts  the  contents  of  the  bill  as      
   introduced with the following changes.  Requires the Board of Trustees      
   to  strive  for  the highest prospective revenue from the transaction.      
   Requires any remaining balance in the development  fund  account  upon      
   conclusion  of  the  projects  and  any  money in the development fund      
   account that remains unused for the projects to be deposited into  and      
   appropriated from the General Revenue Fund.  Amends the State Property      
   Control Act to provide that the Act does not apply to the transaction.      
   Effective immediately.                                                      
        HOUSE AMENDMENT NO. 1.                                                 
          Deletes reference to:                                                
          30 ILCS 605/8.5 new                                                  
        Deletes  everything  after  the  enacting  clause.   Amends   the      
   University  of  Illinois  Act  to make a technical change in a Section      
   concerning the powers of the trustees.                                      
 
Last action on Bill: SESSION SINE DIE

   Last action date: 01-01-09

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   1     SENATE -   2


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