Illinois General Assembly - Full Text of SB2362
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Full Text of SB2362  100th General Assembly



SB2362 EnrolledLRB100 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) Extended term. A lease for real property owned by the
17University of Illinois to be used by the University of Illinois
18at Chicago for an ambulatory surgical center, which would
19include both clinical services and retail space, may exceed 10
20years in length where: (i) the lease requires the lessor to
21make capital improvements in excess of $100,000; and (ii) the
22Board of Trustees of the University of Illinois determines a
23term of more than 10 years is necessary and is in the best



SB2362 Enrolled- 2 -LRB100 17930 RJF 33114 b

1interest of the University. A lease under this subsection (a-5)
2may not exceed 30 years in length.
3    (b) Renewal. Leases may include a renewal option. An option
4to renew may be exercised only when a State purchasing officer
5determines in writing that renewal is in the best interest of
6the State and notice of the exercise of the option is published
7in the appropriate volume of the Procurement Bulletin at least
860 calendar days prior to the exercise of the option.
9    (c) Subject to appropriation. All leases shall recite that
10they are subject to termination and cancellation in any year
11for which the General Assembly fails to make an appropriation
12to make payments under the terms of the lease.
13    (d) Holdover. Beginning January 1, 2010, no lease may
14continue on a month-to-month or other holdover basis for a
15total of more than 6 months. Beginning July 1, 2010, the
16Comptroller shall withhold payment of leases beyond this
17holdover period.
18(Source: P.A. 100-23, eff. 7-6-17.)