Statutes, codes, and regulations
Illinois Administrative Code
Title 44 - GOVERNMENT CONTRACTS, GRANTMAKING, PROCUREMENT AND PROPERTY MANAGEMENTPart 4 - CHIEF PROCUREMENT OFFICER FOR PUBLIC INSTITUTIONS OF HIGHER EDUCATION STANDARD PROCUREMENT
Subpart M - REAL PROPERTY LEASES AND CAPITAL IMPROVEMENT LEASES
Section 4.4035 - Rent Without Occupancy

Ill. Admin. Code tit. 44 § 4.4035

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Current through Register Vol. 48, No. 52, December 27, 2024
Section 4.4035 - Rent Without Occupancy

Except when deemed by the PPB to be in the best interest of the university, no university may incur rental obligations before having occupancy or possession of the space rented. For the purposes of this Section, the terms "occupancy" and "possession" shall have the same meaning.

Ill. Admin. Code tit. 44, § 4.4035

Amended at 36 Ill. Reg. 10951, effective August 6, 2012