HB0125 EnrolledLRB098 03949 OMW 33968 b

1    AN ACT concerning local government.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Counties Code is amended by adding Section
55-14008 as follows:
 
6    (55 ILCS 5/5-14008 new)
7    Sec. 5-14008. Powers of commission; real property. The
8joint regional planning commission may acquire, by purchase,
9gift, or legacy, and hold real property for the purposes of the
10joint regional planning commission, and may sell and convey
11that property. The value of the real property shall be
12determined by an appraisal performed by an appraiser licensed
13under the Real Estate Appraiser Licensing Act of 2002 and who
14is certified to appraise the type or types of property to be
15valued. The appraisal report of the appraiser shall be
16available for public inspection. The joint regional planning
17commission may purchase the real property under contracts
18providing for payment in installments over a period of time of
19not more than 20 years and may finance the purchase of the real
20property under finance contracts providing for payment in
21installments over a period of time of not more than 20 years.
22This Section applies only to a joint regional planning
23commission if it consists of 3 or fewer counties that border

 

 

HB0125 Enrolled- 2 -LRB098 03949 OMW 33968 b

1the Illinois River, where at least one of those counties has a
2population of 180,000 or more.
 
3    Section 99. Effective date. This Act takes effect upon
4becoming law.