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HB4187 - 104th General Assembly
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| 1 | AN ACT concerning State government. | ||||||
| 2 | Be it enacted by the People of the State of Illinois, | ||||||
| 3 | represented in the General Assembly: | ||||||
| 4 | Section 5. The Department of Transportation Law of the | ||||||
| 5 | Civil Administrative Code of Illinois is amended by changing | ||||||
| 6 | Section 2705-555 as follows: | ||||||
| 7 | (20 ILCS 2705/2705-555) (was 20 ILCS 2705/49.13) | ||||||
| 8 | Sec. 2705-555. Lease of land or property. | ||||||
| 9 | (a) The Department has the power from time to time to lease | ||||||
| 10 | any land or property, with or without appurtenances, of which | ||||||
| 11 | the Department has jurisdiction and that is not immediately to | ||||||
| 12 | be used or developed by the State; provided that no such lease | ||||||
| 13 | be for a longer period of time than that in which it can | ||||||
| 14 | reasonably be expected the State will not have use for the | ||||||
| 15 | property, and further provided that no such lease be for a | ||||||
| 16 | longer period of time than 5 years, except as provided in | ||||||
| 17 | subsections subsection (b), (c), and (d). | ||||||
| 18 | (b) In counties with a population of not less than 500,000 | ||||||
| 19 | and not more than 800,000, a lease to any other department of | ||||||
| 20 | State government, any authority, commission, or agency of the | ||||||
| 21 | State, or a municipality, county, or township of the State, | ||||||
| 22 | including in any land lease the corresponding vertical rights, | ||||||
| 23 | subterranean and air rights, and sublease rights, may be for a | ||||||
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| 1 | period of time no longer than 25 years. | ||||||
| 2 | (c) In counties with a population of not less than | ||||||
| 3 | 3,000,000, a lease initially entered into within one year | ||||||
| 4 | after the effective date of this amendatory Act of the 93rd | ||||||
| 5 | General Assembly, including in any land lease the | ||||||
| 6 | corresponding vertical rights, subterranean and air rights, | ||||||
| 7 | and sublease rights, may be for a period of time no longer than | ||||||
| 8 | 35 years. The land or property shall be leased by the | ||||||
| 9 | Department at fair market value. | ||||||
| 10 | (d) In counties with a population of more than 3,000,000, | ||||||
| 11 | a lease for pedestrian infrastructure over a State highway | ||||||
| 12 | initially entered into within one year after the effective | ||||||
| 13 | date of this amendatory Act of the 104th General Assembly, | ||||||
| 14 | including the corresponding vertical rights, subterranean and | ||||||
| 15 | air rights, and sublease rights, may be for a period of time no | ||||||
| 16 | longer than 35 years. The land or property shall be leased by | ||||||
| 17 | the Department at fair market value and meet all other | ||||||
| 18 | statutory requirements. | ||||||
| 19 | (Source: P.A. 93-1100, eff. 3-31-05.) | ||||||