Terms Used In Illinois Compiled Statutes 30 ILCS 105/8.16b

  • Contract: A legal written agreement that becomes binding when signed.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
     Appropriations for expenses related to communications services pursuant to the Civil Administrative Code of Illinois are payable from the Technology Management Revolving Fund. However, no contract shall be entered into or obligation incurred for any expenditure from the Technology Management Revolving Fund until after the purpose and amount has been approved in writing by the Secretary of Innovation and Technology.
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