§ 9.50 — Reimbursement for Certain Expenses and Mortgage Penalty

Illinois § 9.50

• Jurisdiction: Illinois
• Topic: TRANSPORTATION
• Ch. 605: ROADS AND BRIDGES
• Act 605 ILCS 10/: Toll Highway Act.

Text

In addition to the other amounts authorized to be paid under this Act, the Authority may reimburse the owner of real property acquired for a toll highway project the reasonable and necessary expenses incurred for (1) recording fees, transfer taxes, and similar expenses incidental to conveying the real property; and (2) penalty costs for prepayment of any pre-existing recorded mortgages entered into in good faith encumbering the real property.

Legislative History

(Source: P.A. 90-681, eff. 7-31-98.)