VEH CD-RR CROSSING COSTS

Amends the Illinois Vehicle Code. Provides that, if the Illinois Commerce Commission orders a grade crossing closed, the rail carrier is responsible for all costs incurred in removing the grade crossing surface and any warning devices and in installing barricades, if ordered to do so by the Commission. Provides that neither the railroad nor the public authority involved may be assessed more than 5% of any other costs associated with the crossing closure, unless the rail carrier or the public authority, as applicable, agrees in writing to pay a higher percentage of those costs. Provides that if the Commission orders the alteration, reconstruction, or relocation of a crossing across a highway, pedestrian bridge, or pedestrian subway, the costs shall be borne according to the benefits derived. Provides that, if the project is requested by the rail carrier or the public highway authority, the other party may not be assessed more than 15% of the cost.