Bill Text: IL HB0359 | 2019-2020 | 101st General Assembly | Enrolled

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Amends the State Property Control Act. Provides that the Board of Trustees of any public institution of higher education in this State is authorized to dispose of surplus real estate of that public institution of higher education. Specifies the manner in which a Board of Trustees may dispose of surplus real estate. Provides that a Board of Trustees may retain the proceeds from the sale, lease, or other transfer of all or any part of the real estate deemed surplus real estate in a separate account in the treasury of the institution for the purpose of deferred maintenance and emergency repair of institution property. Requires the Auditor General to examine the separate account to ensure the use or deposit of the proceeds in a manner consistent with the stated purpose. Defines "public institution of higher education". Effective immediately.

Spectrum: Bipartisan Bill

Status: (Passed) 2019-08-07 - Public Act . . . . . . . . . 101-0213 [HB0359 Detail]

Download: Illinois-2019-HB0359-Enrolled.html

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HB0359 Enrolled LRB101 05161 RJF 50173 b
AN ACT concerning finance.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The State Property Control Act is amended by
adding Section 7.7 as follows:
(30 ILCS 605/7.7 new)
Sec. 7.7. Public university surplus real estate.
(a) Notwithstanding any other provision of this Act or any
other law to the contrary, the Board of Trustees of any public
institution of higher education in this State, as defined in
subsection (d), is authorized to dispose of surplus real estate
of that public institution of higher education as provided
under subsection (b).
(b) The Board of Trustees of any public institution of
higher education in this State may sell, lease, or otherwise
transfer and convey all or part of real estate deemed by the
Board to be surplus real estate, together with the improvements
situated thereon, to a bona fide purchaser for value and on
such terms as the Board shall determine are in the best
interests of that public institution of higher education and
consistent with that institution's objects and purposes.
(c) A Board of Trustees disposing of surplus real estate
may retain the proceeds from the sale, lease, or other transfer

HB0359 Enrolled - 2 - LRB101 05161 RJF 50173 b
of all or any part of the real estate deemed surplus real
estate under subsection (b), including the improvements
situated thereon, in a separate account in the treasury of the
public institution of higher education for the purpose of
deferred maintenance and emergency repair of institution
property. The Auditor General shall examine the separate
account to ensure the use or deposit of the proceeds authorized
under this subsection (c) in a manner consistent with the
stated purpose.
(d) For the purposes of this Section, "public institution
of higher education" or "institution" means the University of
Illinois; Southern Illinois University; Chicago State
University; Eastern Illinois University; Governors State
University; Illinois State University; Northeastern Illinois
University; Northern Illinois University; Western Illinois
University; and any other public universities, now or hereafter
established or authorized by the General Assembly.
Section 99. Effective date. This Act takes effect upon
becoming law.