Illinois General Assembly - Full Text of SB2362
Illinois General Assembly

Previous General Assemblies

Full Text of SB2362  100th General Assembly


Rep. Arthur Turner

Filed: 5/15/2018





10000SB2362ham001LRB100 17930 RJF 39940 a


2    AMENDMENT NO. ______. Amend Senate Bill 2362 by replacing
3everything after the enacting clause with the following:
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 to be used



10000SB2362ham001- 2 -LRB100 17930 RJF 39940 a

1by the University of Illinois at Chicago for an ambulatory
2surgical center, which would include both clinical services and
3retail space, may exceed 10 years in length where: (i) the
4lease requires the lessor to make capital improvements in
5excess of $100,000; and (ii) the Board of Trustees of the
6University of Illinois determines a term of more than 10 Years
7is necessary and is in the best interest of the University. A
8lease under this subsection (a-5) may not exceed 30 years in
10    (b) Renewal. Leases may include a renewal option. An option
11to renew may be exercised only when a State purchasing officer
12determines in writing that renewal is in the best interest of
13the State and notice of the exercise of the option is published
14in the appropriate volume of the Procurement Bulletin at least
1560 calendar days prior to the exercise of the option.
16    (c) Subject to appropriation. All leases shall recite that
17they are subject to termination and cancellation in any year
18for which the General Assembly fails to make an appropriation
19to make payments under the terms of the lease.
20    (d) Holdover. Beginning January 1, 2010, no lease may
21continue on a month-to-month or other holdover basis for a
22total of more than 6 months. Beginning July 1, 2010, the
23Comptroller shall withhold payment of leases beyond this
24holdover period.
25(Source: P.A. 100-23, eff. 7-6-17.)".