TITLE 44: GOVERNMENT CONTRACTS, GRANTMAKING,
PROCUREMENT AND PROPERTY MANAGEMENT
SUBTITLE A: PROCUREMENT AND CONTRACT PROVISIONS
CHAPTER I: CHIEF PROCUREMENT OFFICER FOR GENERAL SERVICES
PART 1 CHIEF PROCUREMENT OFFICER FOR GENERAL SERVICES STANDARD PROCUREMENT
SECTION 1.4030 PURCHASE OPTION
SUBTITLE A: PROCUREMENT AND CONTRACT PROVISIONS
CHAPTER I: CHIEF PROCUREMENT OFFICER FOR GENERAL SERVICES
PART 1 CHIEF PROCUREMENT OFFICER FOR GENERAL SERVICES STANDARD PROCUREMENT
SECTION 1.4030 PURCHASE OPTION
Section 1.4030 Purchase Option
Initial leases of all space in free-standing buildings shall include an option to purchase exercisable by the State agency unless the SPO, in consultation with CMS, determines in writing that inclusion of that purchase option is not in the State's best interest. The determination, including the reasons for making the determination, shall be published in the Bulletin. Leases with governmental units and not-for-profit entities are exempt from the requirements of this Section.
(Source: Amended at 46 Ill. Reg. 10208, effective June 2, 2022)