Ill. Admin. Code tit. 44 § 2000.4035

Current through Register Vol. 49, No. 2, January 10, 2025

Section 2000.4035 - 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 CPO determines that the purchase option is not in the State's best interest and publishes his/her written determination in the Bulletin.

Ill. Admin. Code tit. 44, § 2000.4035

Amended at 43 Ill. Reg. 6185, effective 5/9/2019