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

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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

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

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Section 99. Effective date. This Act takes effect July 1,
2009.