SB2362 EngrossedLRB100 17930 RJF 33114 b



1    AN ACT concerning 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.  Except as otherwise provided under 
9subsection (a-5), leases Leases shall be for a term not to 
10exceed
10 years inclusive, beginning January, 1, 2010, of 
11proposed contract renewals and shall include
a termination 
12option in favor of the State after 5 years. The length of 
13energy conservation program contracts or energy savings 
14contracts or leases shall be in accordance with the provisions 
15of Section 25-45. 

16    (a-5) Any lease for real property to be used by the 
17University of Illinois at Chicago for clinical services,  
18ambulatory surgical services, and retail space may exceed 10 
19years in length, but may not exceed 30 years in length, 
20provided: (1) the lease requires the lessor to make capital 
21improvements in excess of $100,000; and (2) the Board of 
22Trustees of the University of Illinois determines a term of 
23more than 10 years is necessary and is in the best interest of 
 
 
SB2362 Engrossed- 2 -LRB100 17930 RJF 33114 b

1the public institution of higher education. 
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.)