Ill. Admin. Code tit. 44 § 5000.235

Current through Register Vol. 48, No. 49, December 6, 2024

Section 5000.235 - Purchase Options

a) All leases of free standing facilities shall contain an option to purchase exercisable by the State.

b) Purchase options may be omitted if:

1) The lease is with a governmental entity or a not-for-profit entity.

2) The Director of DCMS determines that a purchase option is not in the State's best interest and publishes his/her written determination in the Procurement Bulletin.

Ill. Admin. Code tit. 44, § 5000.235

Added at 22 Ill. Reg. 20545, effective November 16, 1998