TITLE 44: GOVERNMENT CONTRACTS, GRANTMAKING,
PROCUREMENT AND PROPERTY MANAGEMENT
SUBTITLE D: PROPERTY MANAGEMENT
CHAPTER I: DEPARTMENT OF CENTRAL MANAGEMENT SERVICES
PART 5000 ACQUISITION, MANAGEMENT AND DISPOSAL OF REAL PROPERTY
SECTION 5000.235 PURCHASE OPTIONS
SUBTITLE D: PROPERTY MANAGEMENT
CHAPTER I: DEPARTMENT OF CENTRAL MANAGEMENT SERVICES
PART 5000 ACQUISITION, MANAGEMENT AND DISPOSAL OF REAL PROPERTY
SECTION 5000.235 PURCHASE OPTIONS
Section 5000.235 Purchase Options
a) All leases of free standing facilities shall contain an option to purchase exercisable by the State.
b) Purchase options may be omitted if:
1) The lease is with a governmental entity or a not-for-profit entity.
2) The Director of DCMS determines that a purchase option is not in the State's best interest and publishes his/her written determination in the Procurement Bulletin.
(Source: Added at 22 Ill. Reg. 20545, effective November 16, 1998)