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(15 ILCS 505/35)
State Treasurer may purchase real property.
(a) Subject to the provisions of the Public Contract Fraud Act the State Treasurer, on behalf of the State of Illinois, is authorized during State fiscal years 2019 and 2020 to acquire real property located in the City of Springfield, Illinois which the State Treasurer deems necessary to properly carry out the powers and duties vested in him or her. Real property acquired under this Section may be acquired subject to any third party interests in the property that do not prevent the State Treasurer from exercising the intended beneficial use of such property.
(b) Subject to the provisions of the Treasurer's Procurement Rules, which shall be substantially in accordance with the requirements of the Illinois Procurement Code, the State Treasurer may:
(1) enter into contracts relating to construction,
reconstruction or renovation projects for any such buildings or lands acquired pursuant to paragraph (a); and
(2) equip, lease, operate and maintain those grounds,
buildings and facilities as may be appropriate to carry out his or her statutory purposes and duties.
(c) The State Treasurer may enter into agreements with any person with respect to the use and occupancy of the grounds, buildings, and facilities of the State Treasurer, including concession, license, and lease agreements on terms and conditions as the State Treasurer determines and in accordance with the procurement processes for the Office of the State Treasurer, which shall be substantially in accordance with the requirements of the Illinois Procurement Code.
(d) The exercise of the authority vested in the Treasurer by this Section is subject to the appropriation of the necessary funds.
(Source: P.A. 101-487, eff. 8-23-19.)