Bill Title: Amends the Illinois Procurement Code. Provides that State agreements for performance contracting shall be included in the definition of "contract". Provides that a performance contract shall not be entered into for a period of time exceeding 20 years. Provides that installment payment performance contracts and performance-based lease purchase agreements that guarantee energy or operational cost savings shall be for a term not to exceed 20 years. Effective immediately.

Sponsorship: Partisan Bill (Democrat 2)

Status: (Passed) 2012-06-30 - Public Act . . . . . . . . . 97-0732 [SB3802 Detail]

Text: Latest bill text (Chaptered) [HTML]

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