Illinois Compiled Statutes 620 ILCS 75/2-65 – Other contracts
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Terms Used In Illinois Compiled Statutes 620 ILCS 75/2-65
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
Except as otherwise provided in a public-private agreement entered into pursuant to this Act, the Department may, pursuant to the Illinois Procurement Code and its rules, award contracts for goods, services, or equipment, or lease all or any portion of the South Suburban Airport.