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.
605 ILCS 10/9.50
Reimbursement for Certain Expenses and Mortgage Penalty
Known as the Toll Highway Act
The act spans §§ 605-10-1 to 605-10-9-7 (65 sections).
P.A. 90-681, eff. 7-31-98.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.