GARCIA. 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. 97-02-07 S FIRST READING 97-02-07 S REFERRED TO SENATE RULES COMMITTEE RULES 97-02-19 S ASSIGNED TO COMMITTEE EXECUTIVE 97-02-28 S TO SUBCOMMITTEE 97-02-28 S COMMITTEE EXECUTIVE 97-03-15 S RE-REFERRED TO RULES COMM/RULE 3-9(A) RULES 99-01-12 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary