(105 ILCS 5/10-22.12)
(from Ch. 122, par. 10-22.12)
Lease of property for school purposes.
lease, for a period not exceeding 99 years, any building, rooms,
grounds and appurtenances to be used by the district for the use
of schools or for school administration purposes; and to pay for
the use of such leased property in accordance with the terms of
the lease. The board shall not make or renew any lease for a
term longer than 10 years, nor alter the terms of any lease
whose unexpired term may exceed 10 years without the vote of
2/3 of the full membership of the board.
(Source: P.A. 80-1044.)