Illinois Statutes

§ 20-60 — Duration of contracts

Illinois·Topic GOVERNMENT·Ch. 30 FINANCE·Act 30 ILCS 500/ Illinois Procurement Code.·Art. Article 20 - Source Selection and Contract Formation
(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 inclusive, beginning January 1, 2010, of proposed contract renewals; provided, however, in connection with the issuance of certificates of participation or bonds, the governing board of a public institution of higher education may enter into contracts in excess of 10 years but not to exceed 30 years for the purpose of financing or refinancing real or personal property. Third parties may lease State-owned communications infrastructure, including dark fiber networks, conduit, and excess communication tower capacity, for any period of time deemed to be in the best interest of the State, but not exceeding 20 years. The length of a lease for real

Free access — add to your briefcase to read the full text and ask questions with AI

Illinois § 20-60 (Duration of contracts) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

(Source: P.A. 103-570, eff. 1-1-24; 103-865, Article 2, Section 2-5, eff. 1-1-25; 103-865, Article 5, Section 5-5, eff. 1-1-25; 104-417, eff. 8-15-25.)

Nearby Sections

15
View on official source ↗