Illinois HB0037 allows the Illinois Sports Facilities Authority to sell specified property and outlines the use of proceeds.
Illinois HB0037 amends the Illinois Sports Facilities Authority Act to authorize the sale of certain property. The proceeds from the sale will be used for costs related to the sale, repayment of bonds or notes issued for the property, and deposited into the General Revenue Fund. The Authority can sell the property through public auction, with at least three appraisals required to determine fair market value.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.