Illinois 2025-2026 Regular Session

Illinois House Bill HB4950

Introduced
2/4/26  
Refer
2/6/26  
Refer
3/18/26  
Report Pass
3/25/26  
Engrossed
4/16/26  

Caption

REAL ESTATE-VARIOUS

Summary

HB4950 makes a series of changes to Illinois law affecting public land acquisition, highway right-of-way work, and real estate appraisal regulation. In the Public Contract Fraud Act, it creates a limited exception allowing the State Comptroller to pay for certain land acquisitions without Attorney General title approval when the consideration does not exceed $25,000 and the acquisition falls into specified categories, including highway right-of-way, access easements, utility easements, or flood relief/water resource projects. It also adds a Department of Transportation-specific provision allowing IDOT to move forward with bidding, contract awards, and some construction activities after meeting federal conditional certification requirements, while preserving the rule that no construction may begin on a parcel until title requirements are met for that property. The bill also substantially revises the Real Estate Appraiser Licensing Act of 2002. It updates and expands definitions related to appraisers, appraisal management companies, appraisal reports, broker price opinions, comparative market analyses, automated valuation models, and waiver valuations. Most notably, it rewrites the waiver valuation provisions to create new exceptions from ordinary appraisal licensing and USPAP requirements for certain federally related relocation/highway acquisition valuations, including specified waiver valuations up to $35,000 and $50,000 depending on who performs them and under what conditions. The bill also clarifies who may perform these valuations, including certain IDOT employees, county and municipal engineers, municipal employees with specified coursework and experience, and nonresident appraisers in limited circumstances. HB4950 further amends the Illinois Highway Code to broaden the Department of Transportation’s authority to acquire public or private land and related property interests for highway purposes. The changes reinforce existing eminent domain and right-of-way acquisition rules, including provisions for taking whole parcels in some cases and handling remnants, while keeping the Eminent Domain Act as the governing law for condemnation. The bill also states that automated valuation model procurement is outside the appraiser licensing act, and it preserves exemptions for brokers preparing broker price opinions and for appraisers working on their own property. The overall sentiment in the available record appears neutral to favorable, but the record is sparse: there are no committee transcripts and no recorded votes included. Based on the bill text, the measure appears designed to streamline transportation-related land acquisition and clarify appraisal rules for public projects, which may appeal to agencies and local governments seeking faster project delivery. At the same time, the bill preserves core protections around title approval, licensing, and eminent domain procedures, suggesting an effort to balance administrative flexibility with oversight. The main points of potential contention are likely the reduced Attorney General review for lower-value land purchases, the expanded ability of IDOT and local government employees to perform waiver valuations, and the broader exemptions from appraisal licensing and USPAP requirements for certain public-project valuations. Those changes could raise concerns among appraisers, title-review advocates, or property-rights stakeholders about oversight, valuation consistency, and the risk of undervaluation in public acquisitions. Supporters would likely emphasize efficiency, cost savings, and alignment with federal highway and relocation rules.

Impact

HB4950 amends the Public Contract Fraud Act, the Real Estate Appraiser Licensing Act of 2002, and the Illinois Highway Code. It narrows or creates exceptions to existing title-approval and appraisal-licensing requirements for certain transportation and public-works acquisitions, especially waiver valuations and highway right-of-way transactions, while preserving general eminent domain and licensing rules for other transactions and appraisals. The bill would directly affect the Department of Transportation, county and municipal engineers, appraisers, appraisal management companies, financial institutions, and property owners involved in public acquisition projects.

Sentiment

No committee testimony or vote history is provided, so there is no documented partisan or stakeholder record in the materials. From the text alone, the bill reads as a technical, agency-focused measure intended to speed public infrastructure and land-acquisition processes and to conform state law to federal valuation and highway requirements. The tone of the statutory changes suggests practical support for administrative efficiency, though the absence of recorded debate leaves any opposition unconfirmed.

Contention

Likely areas of disagreement are the bill’s relaxation of Attorney General title approval for lower-value land purchases, the expanded set of non-appraiser public employees who may perform waiver valuations, and the exemption of certain waiver valuations from USPAP and licensing requirements. Property-rights advocates, appraiser groups, or oversight-oriented lawmakers may view these changes as reducing safeguards, while transportation agencies and local governments are likely to support them as necessary to reduce delays and costs in highway and public-project acquisitions.

Companion Bills

No companion bills found.

Previously Filed As

IL SB3634

REAL ESTATE-VARIOUS

IL HB5470

DCEO-VARIOUS

IL HB5269

GUARDIANSHIP-VARIOUS

IL SB3922

UTILITIES-VARIOUS

IL HB1928

REVENUE-VARIOUS

IL HB4786

REVENUE-VARIOUS

IL SB3508

INSURANCE-VARIOUS

IL SB3557

GUARDIANSHIP-VARIOUS

IL HB5551

SCH CD-VARIOUS FUNDING

IL SB3164

VEH CD-VARIOUS

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