SB2071sam001 94TH GENERAL ASSEMBLY

Sen. Don Harmon

Filed: 4/11/2005

09400SB2071sam001 LRB094 11391 MKM 44707 a

AMENDMENT TO SENATE BILL 2071

AMENDMENT NO. ______. Amend Senate Bill 2071 by replacing everything after the enacting clause with the following:

"Section 5. The Illinois Procurement Code is amended by changing Section 20-60 as follows:

(30 ILCS 500/20-60)

Sec. 20-60. Duration of contracts.

(a) Maximum duration. A contract may be entered into for any period of time deemed to be in the best interests of the State but not exceeding 10 years. The length of a lease for real property or capital improvements shall be in accordance with the provisions of Section 40-25. A contract for bond or mortgage insurance related to housing, however, may be entered into for any period of time less than or equal to the maximum period of time that the subject bonds or mortgage may remain outstanding.

(b) Subject to appropriation. All contracts made or entered into shall recite that they are subject to termination and cancellation in any year for which the General Assembly fails to make an appropriation to make payments under the terms of the contract.

(Source: P.A. 90-572, eff. date - See Sec. 99-5.)

Section 99. Effective date. This Act takes effect upon becoming law.".