SB 3973

Amends the Public Utilities Act. Provides that, subject to the provisions of the Public Contract Fraud Act, the Illinois Commerce Commission is authorized during fiscal years 2027 and 2028 to acquire real property located in Springfield, as necessary to carry out the duties vested in the Commission. Provides that real property may be acquired subject to any third-party interests in the property that do not prevent the Commission from beneficially using the property. Provides that the Executive Director of the Commission may enter into contracts relating to construction, reconstruction, or renovation projects for any buildings or lands acquired by the Commission, and contracts to equip, lease, repair, operate, and maintain real property as appropriate to carry out the duties of the Executive Director. Provides that the Executive Director, on behalf of the Commission, may enter into agreements for the purpose of exercising the Commission's authority. Provides that the exercise of the authority vested in the Commission to acquire property under the provision is subject to appropriation. Effective immediately.