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<xml>
<title>Illinois General Assembly - Bill Status for SB 2887   </title>
<shortdesc>STATE CONTRACT DURATION</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Jeffrey M. Schoenberg</sponsors>
<sponsorhead2>House Sponsors</sponsorhead2><altsponsors>(Rep. Gary Hannig)</altsponsors>
</sponsor>
<lastaction>
<statusdate>10/8/2008</statusdate><chamber>Senate</chamber><action>Bill Dead - Amendatory Veto</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>30 ILCS 500/20-60</reference><aliasreference></aliasreference><reference>30 ILCS 500/40-25</reference><aliasreference></aliasreference><SynopsisText>Amends the Illinois Procurement Code. Specifies that the 10-year limit on the duration of State contracts and leases is inclusive of proposed renewals.</SynopsisText><synopsistitle>Governor Amendatory Veto Message</synopsistitle>
<SynopsisText>Recommends that the Illinois Procurement Code be further amended as follows: Specifies that the maximum duration of certain installment purchase contracts entered into by State public universities financed by selling certificates of participation in the installment payments is (i) 120% of the average reasonably expected economic life of the purchase as determined under a named federal tax code provision or (ii) 20 years, if the useful life of the purchase cannot be so determined.  Requires that the university file a statement of the purposes of the contract with the Commission on Government Forecasting and Accountability.</SynopsisText></synopsis>
<actions>
<statusdate>2/15/2008</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Jeffrey M. Schoenberg</action>
<statusdate>2/15/2008</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>2/15/2008</statusdate><chamber>Senate</chamber><action>Referred to Rules</action>
<statusdate>2/28/2008</statusdate><chamber>Senate</chamber><action>Assigned to State Government and Veterans Affairs</action>
<statusdate>3/6/2008</statusdate><chamber>Senate</chamber><action>Do Pass State Government and Veterans Affairs;  009-000-000</action>
<statusdate>3/6/2008</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 2nd Reading March 11, 2008</action>
<statusdate>3/13/2008</statusdate><chamber>Senate</chamber><action>Second Reading</action>
<statusdate>3/13/2008</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 3rd Reading April 1, 2008</action>
<statusdate>4/17/2008</statusdate><chamber>Senate</chamber><action>Third Reading - Passed; 055-000-000</action>
<statusdate>4/17/2008</statusdate><chamber>House</chamber><action>Arrived in House</action>
<statusdate>4/17/2008</statusdate><chamber>House</chamber><action>Placed on Calendar Order of First Reading</action>
<statusdate>5/7/2008</statusdate><chamber>House</chamber><action>Chief House Sponsor Rep. Gary Hannig</action>
<statusdate>5/7/2008</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>5/7/2008</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>5/8/2008</statusdate><chamber>House</chamber><action>Assigned to State Government Administration Committee</action>
<statusdate>5/9/2008</statusdate><chamber>House</chamber><action>Committee Deadline Extended-Rule 9(b) May 23, 2008</action>
<statusdate>5/14/2008</statusdate><chamber>House</chamber><action>Do Pass / Short Debate State Government Administration Committee;  012-000-000</action>
<statusdate>5/14/2008</statusdate><chamber>House</chamber><action>Placed on Calendar 2nd Reading - Short Debate</action>
<statusdate>5/19/2008</statusdate><chamber>House</chamber><action>Second Reading - Short Debate</action>
<statusdate>5/19/2008</statusdate><chamber>House</chamber><action>Placed on Calendar Order of 3rd Reading - Short Debate</action>
<statusdate>5/22/2008</statusdate><chamber>House</chamber><action>Third Reading - Short Debate - Passed 109-000-000</action>
<statusdate>5/22/2008</statusdate><chamber>Senate</chamber><action>Passed Both Houses</action>
<statusdate>6/20/2008</statusdate><chamber>Senate</chamber><action>Sent to the Governor</action>
<statusdate>8/15/2008</statusdate><chamber>Senate</chamber><action>Governor Amendatory Veto</action>
<statusdate>9/22/2008</statusdate><chamber>Senate</chamber><action>Placed on Calendar Amendatory Veto September 22, 2008</action>
<statusdate>9/22/2008</statusdate><chamber>Senate</chamber><action>Motion Filed Override Amendatory Veto Sen. Jeffrey M. Schoenberg</action>
<statusdate>9/22/2008</statusdate><chamber>Senate</chamber><action>3/5 Vote Required</action>
<statusdate>9/22/2008</statusdate><chamber>Senate</chamber><action>Override Amendatory Veto - Senate Passed 055-000-000</action>
<statusdate>9/22/2008</statusdate><chamber>House</chamber><action>Arrived in House</action>
<statusdate>9/22/2008</statusdate><chamber>House</chamber><action>Placed on Calendar Amendatory Veto September 23, 2008</action>
<statusdate>9/23/2008</statusdate><chamber>House</chamber><action>Motion Filed Override Amendatory Veto Rep. Gary Hannig</action>
<statusdate>9/23/2008</statusdate><chamber>House</chamber><action>3/5 Vote Required</action>
<statusdate>9/23/2008</statusdate><chamber>House</chamber><action>Override Amendatory Veto - House Lost 054-043-000</action>
<statusdate>10/8/2008</statusdate><chamber>Senate</chamber><action>Bill Dead - Amendatory Veto</action>
</actions>
</xml>

