Date	Chamber	Action
1/10/2023	Senate	Session Sine Die

Statutes Amended In Order of Appearance

30 ILCS 500/40-25

Synopsis As Introduced
Amends the Illinois Procurement Code. Provides that the Board of Trustees of a public institution of higher education may enter into a lease for real property for a term in excess of 10 years, but not exceeding the useful life of the real property, upon a determination by the Board of Trustees that a lease term in excess of 10 years is necessary and in the best interest of the public institution of higher education. Provides that in connection with the financing or refinancing of any capital improvements, the Board of Trustees of a public institution of higher education may enter into any financing agreement for a term in excess of 10 years, but not exceeding the useful life of the improvements, upon a determination by the Board of Trustees that a term in excess of 10 years is necessary and in the best interest of the public institution of higher education. Removes provisions concerning a lease for real property owned by the University of Illinois to be used for specified purposes.

Actions 

Date	Chamber	Action
1/21/2022	Senate	Filed with Secretary by Sen. Antonio Muņoz
1/21/2022	Senate	First Reading
1/21/2022	Senate	Referred to Assignments
2/1/2022	Senate	Assigned to Executive
2/7/2022	Senate	To Executive- Procurement
2/10/2022	Senate	Rule 3-9(a) / Re-referred to Assignments
10/21/2022	Senate	Chief Sponsor Changed to Sen. Don Harmon
1/10/2023	Senate	Session Sine Die

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