HB6655 93RD GENERAL ASSEMBLY

LRB093 18847 JAM 44582 b

93RD GENERAL ASSEMBLY
State of Illinois
2003 and 2004
HB6655

Introduced 02/09/04, by Jay C. Hoffman

SYNOPSIS AS INTRODUCED:

30 ILCS 500/1-15.110

Amends the Illinois Procurement Code. Provides that bond insurance, title insurance, and any type of mortgage insurance are not "supplies" within the Code's definition.

A BILL FOR

AN ACT concerning procurement.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The Illinois Procurement Code is amended by changing Section 1-15.110 as follows:

(30 ILCS 500/1-15.110)

Sec. 1-15.110. Supplies. "Supplies" means all personal property, including but not limited to equipment, materials, printing, and insurance, and the financing of those supplies. The term "supplies" does not include bond insurance, title insurance, or any type of mortgage insurance.

(Source: P.A. 90-572, eff. 2-6-98.)