IL SB2253

Creates a Freight Rail Transportation Coordination Committee within the Illinois Department of Transportation to address highway projects requiring coordination with Class 1 railroads, with quarterly meetings to standardize construction, maintenance agreements, and land acquisition processes; the committee expires January 1, 2031

Expands consultation requirements for the State Rail Plan to include all Class 1 and short line railroads and relevant railroad industry businesses

Establishes a 6-month deadline for the Illinois Commerce Commission to issue final orders on Department of Transportation eminent domain petitions involving railroad or public utility property, with one possible 3-month extension for good cause

Expands eminent domain filing authority to situations where property owners agree on compensation but cannot convey clear title or provide required documents for acquisition

Modifies property ownership disclosure requirements for real estate contracts with government entities by allowing disclosure through SEC proxy statements and exempting IDOT highway acquisitions from additional disclosure requirements for parent company ownership