90th General Assembly
Summary of HB0498
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House Sponsors:

Short description: 
PURCHASING ACT-LEASES                                                      

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

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


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