Rep. Arthur Turner
Filed: 5/15/2018
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1 | AMENDMENT TO SENATE BILL 2362
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2 | AMENDMENT NO. ______. Amend Senate Bill 2362 by replacing | ||||||
3 | everything after the enacting clause with the following:
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4 | "Section 5. The Illinois Procurement Code is amended by | ||||||
5 | changing Section 40-25 as follows:
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6 | (30 ILCS 500/40-25)
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7 | Sec. 40-25. Length of leases.
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8 | (a) Maximum term. Except as otherwise provided under | ||||||
9 | subsection (a-5), leases Leases shall be for a term not to | ||||||
10 | exceed
10 years inclusive, beginning January, 1, 2010, of | ||||||
11 | proposed contract renewals and shall include
a termination | ||||||
12 | option in favor of the State after 5 years. The length of | ||||||
13 | energy conservation program contracts or energy savings | ||||||
14 | contracts or leases shall be in accordance with the provisions | ||||||
15 | of Section 25-45.
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16 | (a-5) Extended term. A lease for real property to be used |
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1 | by the University of Illinois at Chicago for an ambulatory | ||||||
2 | surgical center, which would include both clinical services and | ||||||
3 | retail space, may exceed 10 years in length where: (i) the | ||||||
4 | lease requires the lessor to make capital improvements in | ||||||
5 | excess of $100,000; and (ii) the Board of Trustees of the | ||||||
6 | University of Illinois determines a term of more than 10 Years | ||||||
7 | is necessary and is in the best interest of the University. A | ||||||
8 | lease under this subsection (a-5) may not exceed 30 years in | ||||||
9 | length. | ||||||
10 | (b) Renewal. Leases may include a renewal option. An
option | ||||||
11 | to renew may be
exercised only when a State purchasing officer | ||||||
12 | determines in
writing that renewal is in the best
interest of | ||||||
13 | the State and notice of the exercise of the option is published | ||||||
14 | in
the appropriate volume of the Procurement Bulletin at least | ||||||
15 | 60 calendar days prior to
the exercise of the option.
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16 | (c) Subject to appropriation. All leases shall recite that
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17 | they are subject to termination
and cancellation in any year | ||||||
18 | for which the General Assembly fails
to make an appropriation | ||||||
19 | to
make payments under the terms of the lease.
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20 | (d) Holdover. Beginning January 1, 2010, no lease may | ||||||
21 | continue on a month-to-month or other holdover basis for a | ||||||
22 | total of more than 6 months. Beginning July 1, 2010, the | ||||||
23 | Comptroller shall withhold payment of leases beyond this | ||||||
24 | holdover period. | ||||||
25 | (Source: P.A. 100-23, eff. 7-6-17.)".
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