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IL SB3455
Bill
Status
Introduced
2/5/2026
Primary Sponsor
Terri Bryant
Click for details
AI Summary
- Amends the State Property Control Act to allow boards of trustees at Illinois public universities and colleges with aviation programs to sell aircraft and aircraft parts directly to bona fide purchasers
- Proceeds from aircraft sales may be retained by the institution in a separate account for fleet maintenance or purchasing replacement aircraft
- Applies only to "qualified transferable airplanes" defined as aircraft owned by public institutions and used for instruction in aviation, flight training, or related subjects
- Requires the Auditor General to examine the separate account to ensure proceeds are used consistently with authorized purposes
- Introduced February 5, 2026 by Senator Terri Bryant
Legislative Description
PROPERTY CONTROL-AIRCRAFT
Last Action
Rule 2-10 Committee Deadline Established As March 27, 2026
3/13/2026
Committee Referrals
Executive2/17/2026
Assignments2/5/2026
Full Bill Text
No bill text available