100TH GENERAL ASSEMBLY
State of Illinois
2017 and 2018
HB4550
 
Introduced , by Rep. Arthur Turner
 
SYNOPSIS AS INTRODUCED:
 

 
  
30 ILCS 500/40-25

     Amends the Illinois Procurement Code. Provides that any lease for real property to be used by the University of Illinois at Chicago for clinical services and ambulatory surgical services may exceed 10 years in length, but may not exceed 30 years in length, provided (i) the lease requires the lessor to make capital improvements in excess of $100,000 and (ii) the Board of Trustees of the University of Illinois determines a term of more than 10 years is necessary and is in the best interest of the public institution of higher education. Effective immediately.
  


LRB100 17479 HLH 32648 b

FISCAL NOTE ACT MAY APPLY
 
 
A BILL FOR
 

  
HB4550LRB100 17479 HLH 32648 b


  
1    AN ACT concerning State government.
  
 
2    Be it enacted by the People of the State of Illinois,
 
3represented in the General Assembly:
  


 
4    Section 5. The Illinois Procurement Code is amended  by 
5changing 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

910 years inclusive, beginning January, 1, 2010, of proposed 
10contract renewals and shall include
a termination option in 
11favor of the State after 5 years. The length of energy 
12conservation program contracts or energy savings contracts or 
13leases shall be in accordance with the provisions of Section 
1425-45. 

15    (a-5) Notwithstanding subsection (a) of this Section, any 
16lease for real property to be used by the University of 
17Illinois at Chicago for clinical services and ambulatory 
18surgical services may exceed 10 years in length, but may not 
19exceed 30 years in length, provided (i) the lease requires the 
20lessor to make capital improvements in excess of $100,000 and 
21(ii) the Board of Trustees of the University of Illinois 
22determines a term of more than 10 years is necessary and is in 
23the best interest of the public institution of higher 
 
 
HB4550- 2 -LRB100 17479 HLH 32648 b

1education. 
2    (b) Renewal.  Leases may include a renewal option.  An
option 
3to renew may be
exercised only when a State purchasing officer 
4determines in
writing that renewal is in the best
interest of 
5the State and notice of the exercise of the option is published 
6in
the appropriate volume of the Procurement Bulletin at least 
760 calendar days prior to
the exercise of the option.

8    (c) Subject to appropriation.  All leases shall recite that

9they are subject to termination
and cancellation in any year 
10for which the General Assembly fails
to make an appropriation 
11to
make payments under the terms of the lease.

12    (d) Holdover. Beginning January 1, 2010, no lease may 
13continue on a month-to-month or other holdover basis for a 
14total of more than 6 months. Beginning July 1, 2010, the 
15Comptroller shall withhold payment of leases beyond this 
16holdover period. 
17(Source: P.A. 100-23, eff. 7-6-17.)


 

18    Section 99. Effective date. This Act takes effect upon 
19becoming law.