Bill Title: Amends the Department of Central Management Services Law of the Civil Administrative Code of Illinois. In provisions requiring the Department of Central Management Services to submit an annual report regarding installment purchases or lease purchases of buildings, land, or facilities, provides that the report shall also contain an analysis of all leases that meet both of the following criteria: (1) the lease contains a purchase option clause; and (2) the third full year of the lease has been completed. Provides that the analysis shall include a recommendation of whether it is in the State's best interest to exercise the purchase option or to seek to renew the lease without exercising the clause.

Spectrum: Partisan Bill (Republican 3-0)

Status: (Passed) 2018-08-27 - Public Act . . . . . . . . . 100-1109 [SB3143 Detail]

Text: Latest bill text (Chaptered) [HTML]

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