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| | 100TH GENERAL ASSEMBLY
State of Illinois
2017 and 2018
HB4673 Introduced , by Rep. Charles Meier SYNOPSIS AS INTRODUCED:
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Amends the Illinois Procurement Code. Makes a technical change in a
Section concerning concessions and leases of State property.
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| | A BILL FOR |
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| | HB4673 | | LRB100 20153 RJF 35438 b |
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| 1 | | AN ACT concerning finance.
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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 53-10 as follows:
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| 6 | | (30 ILCS 500/53-10)
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| 7 | | Sec. 53-10. Concessions and leases of State property and |
| 8 | | no-cost contracts.
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| 9 | | (a) Except for property under the the jurisdiction of a |
| 10 | | public institution of
higher education, concessions, including |
| 11 | | the assignment, license, sale, or
transfer of
interests in or |
| 12 | | rights to discoveries, inventions, patents, or copyrightable
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| 13 | | works, may be entered into by the State agency with |
| 14 | | jurisdiction over the
property, whether tangible or |
| 15 | | intangible.
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| 16 | | (b) Except for property under the jurisdiction of a public |
| 17 | | institution of
higher education, all leases of State property |
| 18 | | and concessions shall be reduced to writing and shall be
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| 19 | | awarded under
the provisions of Article 20, except that the |
| 20 | | contract shall be awarded to the
highest bidder or best bidder |
| 21 | | or offeror when the State receives a lease payment, a |
| 22 | | percentage of sales from the lessee, or in-kind support from |
| 23 | | the lessee based on the return to the State.
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