Synopsis of Bill as introduced:
Amends the Illinois Purchasing Act. Provides that all leases for
real property on capital improvements by a State agency shall be by a
request for information process unless the lease is for property of
less than 10,000 square feet, rent of less than $100,000 per year,
duration of less than one year and cannot be renewed, or specialized
space available at only one location. Requires public notice of the
request for information at least 30 days before the date set forth in
the request. Requires that leases shall not be for a term greater
than 10 years and shall include a termination option in favor of the
State after 5 years. Provides the leases may include a renewal option
or a purchase option. Provides that leases are subject to termination
and cancellation when the General Assembly fails to make an
appropriation for payments under the terms of the lease. Provides
that leasing preferences may be given to sites located in enterprise
zones, tax increment districts, or redevelopment districts.
FISCAL NOTE (DCMS)
Estimated additional costs could be as high as $9.4 million,
including costs for 4 additional staff.
FISCAL NOTE, REVISED (DCMS)
HB498 is expected to increase DCMS administrative expenditures
by $262,715, including 4 new employees. The purchase option
requirement in HB 498 is expected to increase State lease
costs. For every percentage increase in lease costs, State ex-
penditures will increase by $937,000.
STATE MANDATES FISCAL NOTE
In the opinion of DCCA, HB498 fails to create a State mandate.
Last action on Bill: THIRD READING/STANDARD DEBATE/LOST 053-053-012
Last action date: 97-04-17
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0
END OF INQUIRY
Full Text Bill Status