DOT/TOLL - DISCLOSE LAND PRICE House SponsorsRep. Charles G. Morrow III, Monique D. Davis, David E. Miller and Robin Kelly Senate Sponsors(Sen. Jeffrey M. Schoenberg-Jacqueline Y. Collins) 1/11/2005HouseSession Sine Die New Act Creates the Transportation and Toll Highway Property Transaction Act. Requires the Department of Transportation and the Illinois State Toll Highway Authority to disclose to the Department of Central Management Services information concerning the acquisition of real property using State moneys, including the identity of the owners, the fair market value, the purchase price, the bidding method, and the State use. Requires that the price at which the Department of Transportation sells real property to the Toll Highway Authority be within 5% of its fair market value. Requires that the fair market values of real properties exchanged by the Department and the Authority be within 5% of each other.Fiscal Note (Department of Transportation) The reporting requirements imposed by this legislation will necessitate changes in the Department's computer program to provide the appropriate data. It is estimated that it will take six months and cost $50,000 to complete the conversion. There will also be an increase in labor costs. The staff costs cannot be estimated at this time. The cost of properties acquired by the Illinois Department of Transportation associated with ongoing toll highway projects is approximately $51 million. Until the parcels have been appraised for the current fair market value, there is no way of determining the true fiscal impact of this legislation. 2/20/2003HouseFiled with the Clerk by Rep. Charles G. Morrow, III 2/20/2003HouseFirst Reading 2/20/2003HouseReferred to Rules Committee 2/26/2003HouseAssigned to State Government Administration Committee 3/13/2003HouseDo Pass / Short Debate State Government Administration Committee; 011-000-000 3/13/2003HousePlaced on Calendar 2nd Reading - Short Debate 3/17/2003HouseFiscal Note Filed 3/26/2003HouseSecond Reading - Short Debate 3/26/2003HousePlaced on Calendar Order of 3rd Reading - Short Debate 3/27/2003HouseAdded Co-Sponsor Rep. Monique D. Davis 3/27/2003HouseAdded Co-Sponsor Rep. David E. Miller 3/27/2003HouseAdded Co-Sponsor Rep. Robin Kelly 3/27/2003HouseThird Reading - Short Debate - Passed 079-036-000 4/2/2003SenateArrive in Senate 4/2/2003SenatePlaced on Calendar Order of First Reading April 3, 2003 4/2/2003SenateChief Senate Sponsor Sen. Jeffrey M. Schoenberg 4/2/2003SenateAdded as Alternate Chief Co-Sponsor Sen. Jacqueline Y. Collins 4/2/2003SenateFirst Reading 4/2/2003SenateReferred to Rules 4/16/2003SenateAssigned to Transportation 4/30/2003SenatePostponed - Transportation 5/2/2003SenateRule 3-9(a) / Re-referred to Rules 1/11/2005HouseSession Sine Die