State of Illinois
92nd General Assembly

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 1        AN ACT concerning highways.

 2        Be  it  enacted  by  the People of the State of Illinois,
 3    represented in the General Assembly:

 4        Section 5.  The  Illinois  Highway  Code  is  amended  by
 5    changing Section 4-508.1 as follows:

 6        (605 ILCS 5/4-508.1) (from Ch. 121, par. 4-508.1)
 7        Sec. 4-508.1.  In the event the Department obtains or has
 8    obtained  fee simple title to, or any lesser interest in, any
 9    land, rights  or  other  property  under  the  provisions  of
10    Section  4-508  of  this  Code  in  connection with a project
11    involving the planned construction of a  federal-aid  highway
12    and  that  project  ceases  to  be a federal-aid project, the
13    Department is authorized to convey title to,  or  any  lesser
14    interest in, all such land, rights or property, regardless of
15    whether  any  construction  has  taken place, to the Illinois
16    State Toll Highway Authority for without  compensation  equal
17    to  the  fair  market  value  of the title or lesser interest
18    conveyed when such conveyance is approved in writing  by  the
19    Governor.  All  moneys resulting from a conveyance under this
20    Section shall be deposited into the Road Fund.
21    (Source: P.A. 83-1258.)

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