Authorizes the Department of Military Affairs, on behalf of the State of Illinois, to sell, convey, lease, or otherwise dispose of all right, title, and interest in and to the real property commonly known as The Midway Flight Facility, Chicago Illinois. Provides that all proceeds from the sale or disposition of the property must be deposited into the General Revenue Fund and, subject to appropriation by the General Assembly, must be designated for the rehabilitation, redevelopment, or reuse planning of the former Illinois National Guard Armory located at 5500 S. Cottage Grove Avenue, Chicago, Illinois, in the Washington Park community area. Effective immediately.