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 Bill Status of SB3143  100th General Assembly


Short Description:  CMS-LEASES WITH PURCHASE OPT

Senate Sponsors
Sen. Dale A. Righter

Last Action
DateChamber Action
  4/23/2018SenateThird Reading - Passed; 041-000-000

Statutes Amended In Order of Appearance
20 ILCS 405/405-300was 20 ILCS 405/67.02


Synopsis As Introduced
Amends the Department of Central Management Services Law of the Civil Administrative Code of Illinois. In provisions requiring the Department of Central Management Services to submit an annual report regarding installment purchases or lease purchases of buildings, land, or facilities, provides that the report shall also contain an analysis of all leases that meet both of the following criteria: (1) the lease contains a purchase option clause; and (2) the third full year of the lease has been completed. Provides that the analysis shall include a recommendation of whether it is in the State's best interest to exercise the purchase option or to seek to renew the lease without exercising the clause.

Actions 
DateChamber Action
  2/15/2018SenateFiled with Secretary by Sen. Dale A. Righter
  2/15/2018SenateFirst Reading
  2/15/2018SenateReferred to Assignments
  2/27/2018SenateAssigned to Government Reform
  4/4/2018SenateDo Pass Government Reform; 009-000-000
  4/4/2018SenatePlaced on Calendar Order of 2nd Reading April 10, 2018
  4/10/2018SenateSecond Reading
  4/10/2018SenatePlaced on Calendar Order of 3rd Reading April 11, 2018
  4/23/2018SenateThird Reading - Passed; 041-000-000

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