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| [ Engrossed ] | [ Enrolled ] | [ Senate Amendment 001 ] |
91_SB1504
LRB9111477EGfg
1 AN ACT to amend the Illinois Municipal Code by adding
2 Section 11-90-7.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The Illinois Municipal Code is amended by
6 adding Section 11-90-7 as follows:
7 (65 ILCS 5/11-90-7 new)
8 Sec. 11-90-7. Continuation of certain powers derived from
9 the Capital City Railroad Relocation Authority.
10 (a) All of the statutory powers and duties that the
11 Capital City Railroad Relocation Authority had to implement
12 the agreements that it entered into for Useable Segment 3
13 (including but not limited to the power to acquire property
14 exchanged by the railroads for the railroad right-of-way
15 acquired by the Authority and to sell, transfer, exchange, or
16 assign property as it deems appropriate), which were
17 transferred to the City of Springfield under Section 11-90-5
18 of this Code, shall continue in effect and may be exercised
19 by the City of Springfield until the City has completed the
20 transactions it was required to perform under Section
21 11-90-5, but only for the implementation of, and subject to,
22 those agreements.
23 (b) Once the City of Springfield has completed the
24 transactions required to perform the agreements referred to
25 in subsection (a), its powers and duties under this Section
26 are terminated.
27 Section 99. Effective date. This Act takes effect upon
28 becoming law.