Section 1.13  Additional Exemptions Applicable to Illinois Finance Authority

a)         Except as provided in this Section, the Code shall not apply to contracts for legal, financial, and other professional and artistic services entered into on or before December 31, 2018 by the Illinois Finance Authority (IFA) in which the State is not obligated. 

b)         In a manner prescribed by the CPO-GS, contracts entered into under this Section shall be published in the Procurement Bulletin within 14 days after contract execution.

c)         In a manner prescribed by the CPO-GS, IFA shall, on a monthly basis, provide the CPO-GS a report of all contracts that are related to the procurement of supplies and services identified in this Section.  At a minimum, this report shall include the name of the contractor, a description of the supply or service provided, the total amount of the contract, the term of the contract, and the exception to the Code utilized. A copy of any or all of these contracts shall be made available to the CPO-GS immediately upon request.

d)         The CPO-GS shall submit a report to the Governor and General Assembly no later than November 1 of each year that shall include, at a minimum, an annual summary of the monthly information reported to the CPO-GS. [30 ILCS 500/1-10(b)(12)]

(Source:  Added at 38 Ill. Reg. 20884, effective October 31, 2014)