30 ILCS 500/40-30

Current through Public Act 103-1052
Section 30 ILCS 500/40-30 - Purchase option

Leases of all space in entire, free-standing buildings shall include an option to purchase exercisable by the State, unless the purchasing officer determines that inclusion of such purchase option is not in the State's best interest and makes that determination in writing along with the reasons for making that determination and publishes the written determination in the appropriate volume of the Illinois Procurement Bulletin. Leases from governmental units and not-for-profit entities are exempt from the requirements of this Section.

30 ILCS 500/40-30

Amended by P.A. 100-0201,§ 205, eff. 8/18/2017.
Amended by P.A. 100-0043,§ 15, eff. 8/9/2017.
Added by P.A. 90-572,§ 40-30, eff. date - see§ 99-5.