Illinois Senate Bill 1937 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on January 9 2019 - 100% progression
Action: 2019-01-09 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Amends the State Property Control Act. Allows the administrator to dispose of the James R. Thompson Center by sale or lease or through entering a public-private partnership to redevelop the property. Establishes requirements necessary for the sale of the Thompson Center, and defines the fair market value of the Thompson Center. Prohibits sale of the Thompson Center for less than fair market value. Establishes requirements for the lease of the Thompson Center. Grants the administrator all power necessary to convey, condemn, and otherwise affect any and all interest in the Thompson Center. Requires the administrator to disburse any money received by the disposition of the Thompson Center in a certain manner. Provides that any agreement to sell or lease the Thompson Center under the authority of these provisions must be entered into no later than 3 years after the effective date of the amendatory Act. Effective immediately.

STATE PROPERTY-THOMPSON CENTER

Sen. Bill Brady [R]

Date	Chamber	Action
2019-01-09	Senate	Session Sine Die
2017-10-10	Senate	Chief Sponsor Changed to Sen. William E. Brady
2017-02-10	Senate	Referred to Assignments
2017-02-10	Senate	First Reading
2017-02-10	Senate	Filed with Secretary by Sen. Christine Radogno

Chapter	Article	Section	Citation Type	Statute Text
30	605	7.7	New Code	See Bill Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1937&GAID=14&DocTypeID=SB&SessionID=91&GA=100
Text	https://www.ilga.gov/legislation/100/SB/10000SB1937.htm