IL SB2291

Modifies the definition of "surplus real property" to mean property determined by the owning agency head to no longer be required for the agency's needs and responsibilities, replacing the previous definition of "vacant, unoccupied or unused" property.

Allows title to surplus real property to remain with the owning agency throughout disposition if approved by the Director of Central Management Services, but gives the Director sole responsibility and authority for disposing of the property.

Reduces the required number of property appraisals from 3 to 2 for surplus real property valued at $5,000 or more, with the average of the 2 appraisals representing fair market value.

Establishes a process allowing the Director to convey surplus real property for less than fair market value if a written determination is made that it is in the State's best interests; such determinations must be published and filed with the Executive Ethics Commission for 30-day review.

Requires the Director to notify State agencies and local governing bodies of surplus property availability before public sale, with a minimum 14-day notice period for interested parties to express acquisition interest; local governments receive an additional 30-day negotiation period.