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Manteno-release Land Interest

It became law on Dec 13, 2019.

IL SB 1597 · Senate Bill · 101st

Stage
Became law
Started in
Senate
Sponsors
3
Latest action
Dec 13, 2019

What it does

Amends Public Act 83-841. Directs the Department of Central Management Services to execute and record a release of the reverter clause contained in a quitclaim deed concerning certain land in Kankakee County. Effective immediately. Senate Floor Amendment No. 1 Replaces everything after the enacting clause with the provisions of the introduced bill, and makes the following change: Provides that if the City of Manteno transfers the property to a private entity, it shall do so for no less than fair market value, and 25% of the sale proceeds shall be paid to the State of Illinois. Effective immediately. House Committee Amendment No. 2 Adds reference to: P.A. 94-653, Sec. 5 P.A. 94-653, Sec. 10…

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Where it stands

This bill passed and is now law.

  1. Introduced (Done)

  2. Committee (Done)

  3. Floor (Done)

  4. Law (Done)

    Dec 13, 2019

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Who is involved

Sponsors

The lawmakers who put their names on it, lead sponsors first.

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Where it goes next

Once a bill is decided, the questions are about what is done with it in Illinois.

Work with this bill

MANTENO-RELEASE LAND INTEREST | 52