SB 2450 Illinois Senate · 102nd Regular Session

HWY CD-IDOT-LAND CONVEYANCE

Summary
Amends the Illinois Highway Code. Allows the Department of Transportation to sell land, dedications, easements, access rights, or any interest in the real estate that it holds, or other properties acquired but no longer needed for highway purposes for fair market value (rather than for less than the appraised value). Provides that the fair market value may be based on one or more appraisals. Provides that the Department shall justify a sale below the fair market value. Provides that the Department shall develop a policy to assign a monetary value of all considerations. Provides for the order of priority in which the Department shall offer the real property. Makes other changes.
Bill status failed 1 of 4 stages cleared
Introduction
Feb 2021
Committee Review
Floor Vote
Governor
Introduced Feb 26, 2021 Last action Jan 10, 2023
Floor votes

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Full legislative history

Actions timeline

Total actions
7
Key actions
0
Committee
3
Apr 16, 2021
Committee
Rule 3-9(a) / Re-referred to Assignments
upper
Apr 7, 2021
Committee
Assigned to Executive
upper
Feb 26, 2021
Committee
Referred to Assignments
upper
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Ram Villivalam
Ram Villivalam
DDemocratic
IL
8