Senate Sponsors: WEAVER,S. House Sponsors: WINKEL-JOHNSON,TIM-ERWIN Short description: U OF I ACT-SELL PROPERTY Synopsis of Bill as introduced: Amends the University of Illinois Act. Authorizes the Board of Trustees of the University of Illinois to sell, lease, or otherwise transfer and convey certain real estate. Allows the Board of Trustees to retain the proceeds from any such transaction and use the proceeds to acquire and develop land for the South Campus Farms on the Urbana-Champaign campus and to replace certain warehouse space being lost in Chicago. Effective immediately. SENATE AMENDMENT NO. 1. Removes changes made to the Section concerning the powers of the Board of Trustees. Makes a technical change in that Section. SENATE AMENDMENT NO. 2. Adds reference to: 30 ILCS 605/8.5 new Deletes everything. Reinserts the contents of the bill as introduced with the following changes. Requires the Board of Trustees to strive for the highest prospective revenue from the transaction. Requires any remaining balance in the development fund account upon conclusion of the projects and any money in the development fund account that remains unused for the projects to be deposited into and appropriated from the General Revenue Fund. Amends the State Property Control Act to provide that the Act does not apply to the transaction. Effective immediately. HOUSE AMENDMENT NO. 1. Deletes reference to: 30 ILCS 605/8.5 new Deletes everything after the enacting clause. Amends the University of Illinois Act to make a technical change in a Section concerning the powers of the trustees. Last action on Bill: SESSION SINE DIE Last action date: 01-01-09 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 1 SENATE - 2 END OF INQUIRY Full Text Bill Status