COUNTIES CD-LEASE OF PROPERTY
HB 2355 authorizes Illinois counties to lease county-owned property for commercial development, enabling revenue generation while retaining public ownership of land assets.
HB 2355 authorizes Illinois counties to lease county-owned property for commercial development, enabling revenue generation while retaining public ownership of land assets.
HB 2355 allows Illinois counties to lease property for commercial development purposes, establishing procedures and authority for county governing bodies to enter into lease agreements for real property. The bill appears to expand counties' existing property management authority by clarifying their ability to lease (rather than only sell) county-owned land.
County-owned property represents significant public assets. Clarifying lease authority allows counties to generate ongoing revenue from underutilized land while retaining ownership, potentially providing more flexible alternatives to permanent sales. This affects local government finances and land use decisions across Illinois counties.
Compiled from official sources — confirm details with the bill’s official record.
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