IL SB2549

Requires the Toll Highway Authority to obtain disclosure of all owners and beneficiaries with any interest in real property before entering into contracts relating to property ownership or use.

Mandates disclosure of all members, shareholders, limited partners, or general partners entitled to receive more than 7.5% of distributable income in any limited liability company, corporation, or limited partnership with property interests.

Requires disclosure to be made in writing and subscribed under oath by an authorized representative; allows exception for publicly traded entities with no individual holding greater than 7.5% interest.

Extends the recordation deadline for filing statements of record with county recorders from 3 business days to 7 business days after filing with the Authority.

Repeals provisions regarding condemnation proceedings, beneficial interests disclosures, and written statement procedures that were previously codified in the Toll Highway Act.