Bill Text: IL HB1201 | 2009-2010 | 96th General Assembly | Introduced


Bill Title: Amends the Illinois Procurement Code. Prohibits holdover leases of more than 6 months' total duration. Effective July 1, 2009.

Spectrum: Bipartisan Bill

Status: (Introduced - Dead) 2009-04-03 - Rule 19(a) / Re-referred to Rules Committee [HB1201 Detail]

Download: Illinois-2009-HB1201-Introduced.html


96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010
HB1201

Introduced 2/11/2009, by Rep. Gary Hannig

SYNOPSIS AS INTRODUCED:
30 ILCS 500/40-25

Amends the Illinois Procurement Code. Prohibits holdover leases of more than 6 months' total duration. Effective July 1, 2009.
LRB096 09044 JAM 19184 b

A BILL FOR

HB1201 LRB096 09044 JAM 19184 b
1 AN ACT concerning finance.
2 Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
4 Section 5. The Illinois Procurement Code is amended by
5 changing Section 40-25 as follows:
6 (30 ILCS 500/40-25)
7 Sec. 40-25. Length of leases.
8 (a) Maximum term. Leases shall be for a term not to exceed
9 10 years and shall include a termination option in favor of the
10 State after 5 years.
11 (b) Renewal. Leases may include a renewal option. An option
12 to renew may be exercised only when a State purchasing officer
13 determines in writing that renewal is in the best interest of
14 the State and notice of the exercise of the option is published
15 in the appropriate volume of the Procurement Bulletin at least
16 60 days prior to the exercise of the option.
17 (c) Subject to appropriation. All leases shall recite that
18 they are subject to termination and cancellation in any year
19 for which the General Assembly fails to make an appropriation
20 to make payments under the terms of the lease.
21 (d) Holdover. No lease may continue on a month-to-month or
22 other holdover basis for a total of more than 6 months.
23 (Source: P.A. 90-572, eff. date - See Sec. 99-5.)

HB1201 - 2 - LRB096 09044 JAM 19184 b
1 Section 99. Effective date. This Act takes effect July 1,
2 2009.
feedback