Prior to traveling to South Africa to begin
study, he will work for six months with Goldman Sachs.
Babson College in Wellesley, Mass. Property owners in some states may
be legally protected against the type of eminent domain action at issue in the
Kelo case.

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"
House Bill 4091 has already been introduced that prohibits the exercise of
the power of eminent domain for private ownership or control, including for
economic development, unless it is specifically and expressly authorized by
law by the General Assembly.

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Vicki Cunningham, moved to Colorado, with his family, including a twin
brother, about twelve years ago.

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com. Indeed, many States already impose
'public use' requirements that are stricter than the federal baseline.
"In light of the Kelo decision, we hope the Illinois General Assembly
stands ready to strengthen state law as it relates to eminent domain," said
Veneris.

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SPRINGFIELD, Ill., On July 20th, the Illinois
Association of REALTORS(R) petitioned the Illinois General Assembly to enact
state legislation that strengthens Illinois law as it relates to local
government powers of eminent domain.
City of New London. We encourage the
acquisition of property by purchase on the open market rather than by
condemnation .

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He was there last
summer with a group of Babson classmates to teach entrepreneurship to local
teenagers. That exposure highlighted a number of economic problems within the
country and the difficult position the government is in, he said.
The Fulbright Scholar Program is a prestigious and highly competitive
program designed for U. City of New London, that the Fifth Amendment to the United States
Constitution does not prohibit a local city government from using the power of
eminent domain to take privately owned property to promote economic
development." Some
of these requirements have been established by state constitutional law, while
others are provided by state eminent domain statutes that limit the grounds
upon which condemnations may be exercised.
The REALTORS(R ) Association is calling upon the Illinois General Assembly
to adopt a general state statute that would uniformly apply to all
condemnation actions in the state and would further strengthen and safeguard
the rights of Illinois citizens.

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Simcock will travel to South Africa to study the business support services
currently available to entrepreneurs. We oppose the widespread use of
the power of eminent domain and support clarifying and strengthening Illinois
state law regarding the issue.

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His project -- "A Study of
Entrepreneurial Resources in the Western Cape" -- will target those aged 24-
34, who, despite no longer having access to secondary schooling, have enormous
capacity to impact economic growth in the informal sector through
entrepreneurial activity. While
committed to capitalistic ideals, the government is also responsible for
egalitarian policies.W. For more
information, visit http://www.

The Illinois Association of REALTORS(R) is a voluntary trade association
whose 55,000 members are engaged in all facets of the real estate industry.

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S.
This news release was issued on behalf of Newswise(TM). Thompson Center in Chicago called specifically to review eminent
domain laws in response to the recent U.S.

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The program promotes mutual understanding and benefit through
contributions to host countries, and upon the return of the grantees to the
United States, to their home institutions and/or networks of their
professional colleagues. Constitution .

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"We believe that since eminent domain impacts the constitutional
rights of property owners, it should be exercised carefully and only in
special circumstances.
The statute would include the following elements:

* A clearly defined term for "public use.e.

Description
Proposed systems for determining governance and/or policy which differ from and are offered as potential replacements for existing political systems.

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My project doesn't propose to alleviate poverty in the townships of South
Africa. citizens who wish to lecture or conduct research
abroad. Olin Graduate School of Business at Babson
College.S."
In response to the hearing today, Illinois Association of REALTORS(R )
President John Veneris stated, "We strongly believe in the right of
individuals to own real property without the fear of a government taking."
The Supreme Court in its majority decision in the Kelo decision stated,
"Nothing in our opinion precludes any State from placing further restrictions
on its exercise of the takings power.

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According to Simcock, "Entrepreneurship provides a
wonderful middle ground between these two seemingly opposing philosophies."
"The Fulbright scholarship is committed to promoting diplomatic exchanges
and healthy relationships between countries through increased understanding .
"My father started a small consulting firm in Denver, exposing me for the
first time to the power and causality of entrepreneurial action. Babson Executive Education offers executive development programs to
experienced managers worldwide. In
addition to serving the professional needs of its members, the Illinois
Association of REALTORS(R) works to protect the rights of private property
owners in the state by recommending and promoting legislation that safeguards
and advances the interest of real property ownership.

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It was a method of creating value from
nothing, and I fell in love with it," he said., is recognized internationally as a
leader in entrepreneurial management education.

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For information, visit http://www.
"We oppose the taking of private property for non -public uses and oppose
the widespread use of these extraordinary powers given to governmental
bodies ," said Sullivan, representing the 55,000 REALTOR(R) member
organization, in her testimony.
Illinois law clearly is a patchwork right now in regards to eminent domain and
the spotlight that the Kelo decision has placed on this issue gives us the
opportunity to clarify the law in Illinois.
"This is a historic opportunity for the Illinois General Assembly to
further strengthen and safeguard the rights of Illinois citizens," said
Sullivan."
* A prohibition of the condemnation of private property when any of the
property to be taken will ultimately be owned, leased to, sold or developed
under any other proprietary arrangement by a private party; i.

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edu.

Julie Sullivan, Assistant Director of
Governmental Affairs for the Illinois Association of REALTORS(R), testified
today before the Illinois Senate State Government Committee hearing held at
the James R.
In the 5-4 decision rendered on June 23rd, the U.
*In determining whether a taking is for a public use , consider the
intended use of each parcel to be taken and not the project as a whole.
*Require that the payment of "just compensation" as directed by the Fifth
Amendment, must cover the additional costs incurred by property owners
affected by condemnation actions above and beyond the loss of the subject
property.

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, Babson College senior Julian
Simcock has been awarded a Fulbright Scholarship , the first at the top-ranked
school for entrepreneurship.

REALTORS(R) Call for Illinois General Assembly to Restrict Powers of Eminent Domain

"The Illinois Association of REALTORS(R)
clearly opposes the taking of private property without just compensation, as
directed by the Fifth Amendment of the U.
*Codification of the procedures adopted in the House for the use of quick-
take for all eminent domain actions.

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It's an attempt to better understand one aspect of a much larger and
more complex economic situation," Simcock said.

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WELLESLEY, Mass. In my mind,
entrepreneurship held none of the exploitative connotations now so closely
associated with capitalism, espousing instead values of meritocracy, pure
democracy, and unbridled optimism. Babson grants BS degrees
through its innovative undergraduate program, and grants MBA and custom MS and
MBA degrees through the F .

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Babson's First Fulbright Scholar Will Assist South African Entrepreneurs

newswise. Supreme Court ruled in
Kelo v.

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Simcock's academic plans for the Fulbright award include studying at
University of Cape Town Graduate School of Business to pursue an Honor's
Degree in Economic Development.babson .

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Born in Auckland, New Zealand, Simcock, son of Andrew Simcock and Dr. Supreme Court decision of Kelo v.

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It will not be Simcock's first visit to South Africa. a non-
governmental entity or person, unless specifically and expressly authorized by
a 3/5 vote of each chamber of the Illinois General Assembly.