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Bill

SB 2029

PROP TX-SURPLUS SALE

104th Regular Session Introduced by Graciela Guzmán and 2 co-sponsors

Illinois bill establishing procedures for state agencies to sell surplus property and manage asset disposition to generate revenue and reduce maintenance costs.

Rule 3-9(a) / Re-referred to Assignments
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Bill Summary · SB 2029

Legislative bill overview

SB 2029 addresses the sale of surplus property owned by the State of Illinois. The bill establishes procedures and guidelines for how state agencies can dispose of property deemed no longer necessary for government operations. This legislation affects the management of state assets and potential revenue generation from property sales.

Why is this important

Surplus property sales can generate significant revenue for state budgets and reduce ongoing maintenance costs for unused facilities. However, the process for identifying, valuing, and selling public property has real implications for taxpayers, local communities where properties are located, and potential purchasers. Clear procedures help ensure transparency and fair market value for public assets.

Potential points of contention

  • Valuation and pricing: Disputes may arise over how surplus properties are appraised and whether competitive bidding processes ensure fair market value or undervalue public assets
  • Community impact: Local stakeholders may object to sales that affect neighborhood character, tax bases, or remove potential community resources from public use
  • Process transparency: Questions about which properties qualify as "surplus," who decides, and whether adequate public notice and input opportunities exist before sales proceed

Compiled from official sources — confirm details with the bill’s official record.

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