Bill Amendment: IL SB1597 | 2019-2020 | 101st General Assembly
NOTE: For additional amemendments please see the Bill Drafting List
Bill Title: MANTENO-RELEASE LAND INTEREST
Status: 2019-12-13 - Public Act . . . . . . . . . 101-0607 [SB1597 Detail]
Download: Illinois-2019-SB1597-House_Amendment_001.html
Bill Title: MANTENO-RELEASE LAND INTEREST
Status: 2019-12-13 - Public Act . . . . . . . . . 101-0607 [SB1597 Detail]
Download: Illinois-2019-SB1597-House_Amendment_001.html
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| 1 | AMENDMENT TO SENATE BILL 1597
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| 2 | AMENDMENT NO. ______. Amend Senate Bill 1597 by replacing | ||||||
| 3 | everything after the enacting clause with the following:
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| 4 | "(P.A. 83-841, Sec. 2 rep.)
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| 5 | Section 5. "An Act authorizing the Director of Central | ||||||
| 6 | Management
Services to convey certain described lands", | ||||||
| 7 | approved September 26, 1983, Public Act 83-841, is amended by | ||||||
| 8 | repealing Section 2.
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| 9 | Section 10. "An Act authorizing the Director of Central | ||||||
| 10 | Management
Services to convey certain described lands", | ||||||
| 11 | approved September 26, 1983, Public Act 83-841, is amended by | ||||||
| 12 | adding Section 2.5 as follows:
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| 13 | (P.A. 83-841, Sec. 2.5 new) | ||||||
| 14 | Sec. 2.5. The Department of Central Management Services | ||||||
| 15 | shall execute and record a release of the reverter clause | ||||||
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| 1 | contained in the quitclaim deed filed in the office of the | ||||||
| 2 | Kankakee County Recorder on January 26, 1984 as Document No. 84 | ||||||
| 3 | 00666 upon the payment by the Village of Manteno to the State | ||||||
| 4 | of Illinois of the fair market value as determined by an | ||||||
| 5 | appraisal procured by the Village of Manteno using conditions | ||||||
| 6 | agreed upon by the State of Illinois for such appraisal. | ||||||
| 7 | The Village of Manteno is prohibited from selling the | ||||||
| 8 | property to a private entity within 3 years from the recording | ||||||
| 9 | date of the quitclaim deed releasing the reverter clause.
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| 10 | Section 99. Effective date. This Act takes effect upon | ||||||
| 11 | becoming law.".
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