Bill Text: IL SB2362 | 2017-2018 | 100th General Assembly | Enrolled
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Amends the Regulatory Sunset Act. Makes a technical change in a Section concerning the short title.
Spectrum: Slight Partisan Bill (Democrat 11-4)
Status: (Passed) 2018-08-23 - Public Act . . . . . . . . . 100-1047 [SB2362 Detail]
Download: Illinois-2017-SB2362-Enrolled.html
Bill Title: Amends the Regulatory Sunset Act. Makes a technical change in a Section concerning the short title.
Spectrum: Slight Partisan Bill (Democrat 11-4)
Status: (Passed) 2018-08-23 - Public Act . . . . . . . . . 100-1047 [SB2362 Detail]
Download: Illinois-2017-SB2362-Enrolled.html
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1 | AN ACT concerning government.
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2 | Be it enacted by the People of the State of Illinois, | ||||||
3 | represented in the General Assembly:
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4 | Section 5. The Illinois Procurement Code is amended by | ||||||
5 | changing Section 40-25 as follows:
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6 | (30 ILCS 500/40-25)
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7 | Sec. 40-25. Length of leases.
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8 | (a) Maximum term. Except as otherwise provided under | ||||||
9 | subsection (a-5), leases Leases shall be for a term not to | ||||||
10 | exceed
10 years inclusive, beginning January, 1, 2010, of | ||||||
11 | proposed contract renewals and shall include
a termination | ||||||
12 | option in favor of the State after 5 years. The length of | ||||||
13 | energy conservation program contracts or energy savings | ||||||
14 | contracts or leases shall be in accordance with the provisions | ||||||
15 | of Section 25-45.
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16 | (a-5) Extended term. A lease for real property owned by the | ||||||
17 | University of Illinois to be used by the University of Illinois | ||||||
18 | at Chicago for an ambulatory surgical center, which would | ||||||
19 | include both clinical services and retail space, may exceed 10 | ||||||
20 | years in length where: (i) the lease requires the lessor to | ||||||
21 | make capital improvements in excess of $100,000; and (ii) the | ||||||
22 | Board of Trustees of the University of Illinois determines a | ||||||
23 | term of more than 10 years is necessary and is in the best |
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1 | interest of the University. A lease under this subsection (a-5) | ||||||
2 | may not exceed 30 years in length. | ||||||
3 | (b) Renewal. Leases may include a renewal option. An
option | ||||||
4 | to renew may be
exercised only when a State purchasing officer | ||||||
5 | determines in
writing that renewal is in the best
interest of | ||||||
6 | the State and notice of the exercise of the option is published | ||||||
7 | in
the appropriate volume of the Procurement Bulletin at least | ||||||
8 | 60 calendar days prior to
the exercise of the option.
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9 | (c) Subject to appropriation. All leases shall recite that
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10 | they are subject to termination
and cancellation in any year | ||||||
11 | for which the General Assembly fails
to make an appropriation | ||||||
12 | to
make payments under the terms of the lease.
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13 | (d) Holdover. Beginning January 1, 2010, no lease may | ||||||
14 | continue on a month-to-month or other holdover basis for a | ||||||
15 | total of more than 6 months. Beginning July 1, 2010, the | ||||||
16 | Comptroller shall withhold payment of leases beyond this | ||||||
17 | holdover period. | ||||||
18 | (Source: P.A. 100-23, eff. 7-6-17.)
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