House Sponsors: ERWIN-SCHOENBERG-GASH, PHELPS, O'BRIEN AND SCULLY. Short description: STATE REAL ESTATE BOARD Synopsis of Bill as introduced: Creates the State Real Estate Board Act and amends the Civil Administrative Code of Illinois. Establishes a State Real Estate Board, composed of 5 Governor-appointees and the State Treasurer, to review and approve or deny State executive branch agency real estate lease and purchase requests. Authorizes the Board to recommend and, upon agency request, implement real estate transactions in the State's best current and future interests. Removes the authority of the Department of Central Management Services in implementing State agency real estate transactions. Effective immediately. FISCAL NOTE (CMS) It is estimated HB 417 will increase State expenditures by approximately $283,000, including 3 additional headcount. Last action on Bill: SESSION SINE DIE Last action date: 99-01-12 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status