House bill would require legislative input into state transactions
Posted By Brandon Reid On February 22, 2010 @ 3:52 pm In Happening Now | No Comments
From press release
The Illinois House approved a measure that would mandate legislative input and consent on valuable state transactions, including the proposed sale of Thomson Correction Center.
If signed into law, House Bill 4744 would require the General Assembly’s stamp of approval before the state could sell any surplus property that is worth more than $1 million. Currently, the law allows a piece of “surplus” property to be sold immediately after appraisal and without the consent of lawmakers.
The bill also changes the definition of “surplus real property.” Under House Bill 4744, surplus real property would apply only to property that has not been used by the state for at least three years and for which there is no foreseeable use in the next three years, or property that has not been used by the state for at least the past six years, or property that has been reported or transferred to the Director of the Department of Central Management Services as unused property and for which there is no foreseeable use by that agency.
The bill now heads to the Senate for consideration.
Article printed from The Rock River Times: http://rockrivertimes.com
URL to article: http://rockrivertimes.com/2010/02/22/house-bill-would-require-legislative-input-into-state-transactions/
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