90th General Assembly
Summary of HB3459
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House Sponsors:

Short description: 
DOT TOLL-DISCLOSE LAND PRICE                                               

Synopsis of Bill as introduced:
        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.                                       
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


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