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91_HB2752
LRB9103788KStm
1 AN ACT to amend the Illinois Highway Code by changing
2 Section 4-508.1.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The Illinois Highway Code is amended by
6 changing Section 4-508.1 as follows:
7 (605 ILCS 5/4-508.1) (from Ch. 121, par. 4-508.1)
8 Sec. 4-508.1. In the event the Department obtains or has
9 obtained fee simple title to, or any lesser interest in, any
10 land, rights or other property under the provisions of
11 Section 4-508 of this Code in connection with a project
12 involving the planned construction of a federal-aid highway
13 and that project ceases to be a federal-aid project, the
14 Department is authorized to convey title to, or any lesser
15 interest in, all such land, rights or property, regardless of
16 whether any construction has taken place, to the Illinois
17 State Toll Highway Authority for without compensation equal
18 to the fair market value of the title or lesser interest
19 conveyed when such conveyance is approved in writing by the
20 Governor. All moneys resulting from a conveyance under this
21 Section shall be deposited into the Road Fund.
22 (Source: P.A. 83-1258.)