(30 ILCS 105/20)
(from Ch. 127, par. 156)
The item "equipment," when used in an appropriation act,
shall mean and include all expenditures for library books,
and expenditures, having a unit value exceeding $100,
for the acquisition, replacement or increase of visible tangible
personal property of a non-consumable nature, including livestock,
whether by purchase, lease-purchase or installment purchase contract.
In addition, the "option price" under a bona fide lease with option to
purchase is properly payable from the item "equipment".
The item "equipment" does not include expenditures pursuant to multi-year
lease, lease-purchase or installment purchase contracts for duplicating
equipment authorized by Section 5.1 of "The Illinois Purchasing Act",
approved July 11, 1957, as now or hereafter amended, and does not include
any expenditure in connection with the repair, maintenance or improvement
of real property.
(Source: P.A. 84-428.)