PROCUREMENT-LEASES & RENEWALS

Amends the Illinois Procurement Code. Provides that a request for information process need not be used in procuring a renewal or extension of a lease if, among other requirements, the Procurement Policy Board does not object in writing to the renewal or extension within 14 (currently, 30) calendar days after its submission. In provisions concerning leases procured by requests for information, provides that upon receipt of (1) any proposed lease of real property of 10,000 or more square feet; or (2) any proposed lease of real property with annual rent payments of $100,000 or more, the Procurement Policy Board shall have 14 (currently, 30) calendar days to review the proposed lease. Provides that options to renew a lease may be exercised only when a State purchasing officer determines in writing that renewal is in the best interest of the State and notice of the exercise of the option is published in the appropriate volume of the Procurement Bulletin at least 30 (currently, 60) calendar days prior to the exercise of the option. Makes conforming changes. Senate Committee Amendment No. 1 Deletes reference to: 30 ILCS 500/40-15 30 ILCS 500/40-20 Replaces everything after the enacting clause. Reinserts the provisions of the introduced bill, and removes: (1) a provision specifying that a request for information process need not be used in procuring a renewal or extension of a lease if, among other requirements, the Procurement Policy Board does not object in writing to the renewal or extension within 14 (currently, 30) calendar days after its submission; and (2) a provision specifying that upon receipt of (i) any proposed lease of real property of 10,000 or more square feet; or (ii) any proposed lease of real property with annual rent payments of $100,000 or more, the Procurement Policy Board shall have 14 (currently, 30) calendar days to review the proposed lease. Makes conforming changes.