summary
Introduced
02/04/2026
02/04/2026
In Committee
02/06/2026
02/06/2026
Crossed Over
Passed
Dead
Introduced Session
104th General Assembly
Bill Summary
Amends the State Finance Act. In provisions concerning vouchers, provides that the signature requirement for construction contracts procured by the Department of Transportation shall apply to contracts, contract renewals, and orders against a master contract in the amount of $750,000 or more in a fiscal year and to any contract amendment or change to an existing contract that increases the value of the contract to or by $750,000 or more in a fiscal year. Amends the Public Contract Fraud Act. In provisions concerning spending money without obtaining title to land, provides that the Department of Transportation may proceed with bidding or awarding a contract or any construction activities once it has complied with specified federal requirements. Amends the Real Estate Appraiser Licensing Act of 2002. Makes changes in provisions concerning: waiver valuations; endorsement; grounds for disciplinary action; citations; discrimination; investigation, notice, and hearing; and meetings of the Real Estate Appraisal Administration and Disciplinary Board. Amends the Illinois Highway Code. In provisions allowing the Department of Transportation to acquire an interest in land, rights, or other property for specified road construction purposes, specifies that the property may be public or private property. Makes other changes. Effective immediately.
AI Summary
This bill makes several changes to Illinois law, primarily concerning state finance, public contracts, and real estate appraiser licensing. It adjusts the signature requirement for contracts procured by the Department of Transportation (IDOT), increasing the threshold for requiring signatures on construction contracts, renewals, and master contract orders to $750,000 or more annually, and for contract amendments that increase the value by $750,000 or more. The bill also allows IDOT to proceed with bidding or awarding contracts and construction activities once federal requirements are met, even before full title to land is secured, though final expenditures and construction on specific parcels still require full title compliance. Additionally, it modifies provisions within the Real Estate Appraiser Licensing Act of 2002, including defining "waiver valuation" (a valuation not considered a formal appraisal, often used in federal relocation assistance programs), adjusting requirements for who can perform these valuations, and making changes to disciplinary actions, citations, discrimination provisions, investigation procedures, and the composition and meetings of the Real Estate Appraisal Administration and Disciplinary Board. Finally, it clarifies that IDOT can acquire both public and private property for highway construction purposes.
Sponsors (1)
Last Action
Referred to Rules Committee (on 02/06/2026)
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