Executive Committee
Filed: 5/16/2007
 
 

 




 

 		












09500SB0336ham001

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AMENDMENT TO SENATE BILL 336




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    AMENDMENT NO. ______. Amend Senate Bill 336 by replacing 
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everything after the enacting clause with the following:

 
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    "Section 5. The Illinois Procurement Code is amended  by 
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changing Section 20-60 as follows:
 



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    (30 ILCS 500/20-60)



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    Sec. 20-60. Duration of contracts. 

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    (a) Maximum duration.   A contract may be entered into for

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any period of time deemed
to be in the best interests of the 
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State but not
exceeding 10 years.  The length of
a lease for 
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real property or capital improvements shall be in
accordance 
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with the provisions of
Section 40-25. A contract for bond or 
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mortgage insurance awarded by the Illinois Housing Development 
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Authority, however, may be entered into for any period of time 
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less than or equal to the maximum period of time that the 
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subject bond or mortgage may remain outstanding.


 


 






09500SB0336ham001
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    (b) Subject to appropriation.  All contracts made or entered

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into shall recite that they are
subject to termination and 
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cancellation in any year for which the
General Assembly fails 
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to make
an appropriation to make payments under the terms of 
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the contract.

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(Source: P.A. 90-572, eff. date - See Sec. 99-5.)

 

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