SB 60

Abstract

Amends the State Property Control Act. Provides that "surplus real property" means property that is vacant and determined by the head of the owning agency to no longer be required for the State agency's needs and responsibilities and has no foreseeable use by the owning agency (currently, vacant, unoccupied or unused and having no foreseeable use by the owning agency). Makes changes concerning transfers of surplus real property to State agencies. Provides that surplus real property may be conveyed by the Administrator for less than fair market value if the Administrator makes a written determination that it is in the best interests of the State to establish a different value. Provides that the determination shall be published in the Illinois Procurement Bulletin and filed with the Executive Ethics Commission. Makes other changes concerning the sale and acquisition of surplus real property. Effective immediately. Senate Committee Amendment No. 1 Provides that in no event shall the Administrator sell surplus real property for less than 75% of fair market value and before such property has been offered to an interested unit of local government or made available at public auction. Provides for a notice period of 30 days (rather than 14 days) in which a State agency or governing body may notify the Administrator of its interest in acquiring surplus real property. Makes conforming changes. Senate Committee Amendment No. 2 Adds reference to: 105 ILCS 5/18-4.4 from Ch. 122, par. 18-4.4 Amends the School Code. Provides that when any State institution is located in a school district in which the State owns 40% (currently, 45%) or more of the total land area of the district, the State Superintendent of Education shall annually direct the State Comptroller to pay the amount of specified tax-equivalent grants, and the State Comptroller shall draw his or her warrant upon the State Treasurer for the payment of the grants. House Committee Amendment No. 1 Allows tax-equivalent grants to be awarded to school districts in which the State owns 40% or more of the total land area of the district.