Sen. Susan Garrett

Filed: 3/15/2012

 

 


 

 


 
09700SB3297sam002LRB097 20009 PJG 67529 a

1
AMENDMENT TO SENATE BILL 3297

2    AMENDMENT NO. ______. Amend Senate Bill 3297, AS AMENDED,
3by replacing everything after the enacting clause with the
4following:
 
5    "Section 5. The Illinois Procurement Code is amended by
6adding Section 40-60 as follows:
 
7    (30 ILCS 500/40-60 new)
8    Sec. 40-60. Written disclosure.
9    (a) All State contracts for the lease or purchase of real
10property occupied, or to be occupied, by a State agency shall
11contain a full written disclosure of the identity of every
12owner of, or beneficiary having an interest in, the property
13being leased or purchased. The disclosure shall be subscribed
14and sworn or otherwise affirmed on oath by the owner,
15authorized trustee, corporate official, partner, managing
16agent, or other authorized person. The disclosure shall set

 

 

09700SB3297sam002- 2 -LRB097 20009 PJG 67529 a

1forth all ownership interests in the property, including, as
2appropriate, the names of the beneficiaries and the trustee of
3a land trust, the names of all partners whether general or
4limited in nature, the names of all members or managers of a
5limited liability company, the names of all shareholders in a
6corporation, and the names of any other person with an
7ownership or beneficial interest in the property. However, if
8the entity is a publicly traded entity subject to Federal 10K
9reporting, it may submit its 10K disclosure in place of this
10prescribed disclosure.
11    (b) The lessor or seller of the real property shall notify
12the chief procurement officer, or his or her designee, or the
13State procurement officer, or his or her designee, of any
14changes in ownership or beneficial interest in the property and
15shall submit updated disclosure statements in accordance with
16the disclosure requirements of subsection (a) within 30 days
17after the change.
 
18    Section 99. Effective date. This Act takes effect January
191, 2013.".