Illinois Compiled Statutes 15 ILCS 405/28 – State Comptroller purchase of real property
Current as of: 2024 | Check for updates
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(a) Subject to the provisions of the Public Contract Fraud Act, the State Comptroller, on behalf of the State of Illinois, is authorized during State fiscal years 2024 and 2025 to acquire real property located in the City of Springfield, which the State Comptroller deems necessary to properly carry out the powers and duties vested in him or her. Real property acquired under this Section may be acquired subject to any third party interests in the property that do not prevent the State Comptroller from exercising the intended beneficial use of such property. This subsection (a) is inoperative on and after July 1, 2025.
(b) Subject to the provisions of the Comptroller’s Procurement Rules, which shall be substantially in accordance with the requirements of the Illinois Procurement Code, the State Comptroller may:
(1) enter into contracts relating to construction,
(b) Subject to the provisions of the Comptroller’s Procurement Rules, which shall be substantially in accordance with the requirements of the Illinois Procurement Code, the State Comptroller may:
Terms Used In Illinois Compiled Statutes 15 ILCS 405/28
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Contract: A legal written agreement that becomes binding when signed.
- Fraud: Intentional deception resulting in injury to another.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- State: when applied to different parts of the United States, may be construed to include the District of Columbia and the several territories, and the words "United States" may be construed to include the said district and territories. See Illinois Compiled Statutes 5 ILCS 70/1.14
(1) enter into contracts relating to construction,
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reconstruction, or renovation projects for any such buildings or lands acquired under subsection (a); and
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(2) equip, lease, repair, operate, and maintain those
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grounds, buildings, and facilities as may be appropriate to carry out his or her statutory purposes and duties.
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(c) The State Comptroller may enter into agreements for the purposes of exercising his or her authority under this Section.
(d) The exercise of the authority vested in the Comptroller to acquire property under this Section is subject to appropriation.
(e) The Capital Facility and Technology Modernization Fund is hereby created as a special fund in the State treasury. Subject to appropriation, moneys in the Fund shall be used by the Comptroller for the purchase, reconstruction, lease, repair, and maintenance of real property as may be acquired under this Section, including for expenses related to the modernization and maintenance of information technology systems and infrastructure.
(d) The exercise of the authority vested in the Comptroller to acquire property under this Section is subject to appropriation.
(e) The Capital Facility and Technology Modernization Fund is hereby created as a special fund in the State treasury. Subject to appropriation, moneys in the Fund shall be used by the Comptroller for the purchase, reconstruction, lease, repair, and maintenance of real property as may be acquired under this Section, including for expenses related to the modernization and maintenance of information technology systems and infrastructure.