Bill Title: Creates the Lease of Closed State Properties Act. Requires that the Department of Natural Resources and the Illinois Historic Preservation Agency offer to lease to any interested unit of local government, non-profit organization, or public or private college or university the operation and maintenance of any closed State park or historic site for one dollar. Provides that the leasing entity shall retain all revenues generated by such operation during the term of the lease. At the end of the lease, requires the State to reimburse the leasing entity for the undepreciated portion of any improvements made or paid for by the entity. Effective immediately.

Spectrum: Slight Partisan Bill (Republican 4-2)

Status: (Passed) 2009-08-18 - Public Act . . . . . . . . . 96-0557 [HB0037 Detail]

Text: Latest bill text (Enrolled) [HTML]

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