PROCUREMENT-SOURCES & LEASES

Amends the Illinois Procurement Code. Provides that a request for information process need not be used in procuring, among other items, property of less than 10,000 square feet with rent of less than $200,000 (currently, $100,000) per year. 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 $200,000 (currently, $100,000) or more, the Procurement Policy Board shall have 14 (currently, 30) calendar days to review the proposed lease. Provides that if the Board does not object in writing within 14 calendar days, then the proposed lease shall become effective according to its terms as submitted. Provides that leases shall be for a term not to exceed 10 years, exclusive (rather than inclusive) of proposed contract renewal options in favor of the State that shall not exceed an additional 10 years. Provides that a lease for real property owned by the University of Illinois to be used by the University of Illinois for healthcare uses, academic facilities, dormitories, or other support uses may exceed 10 years in length under specified circumstances.