Tuesday, April 13, 2010

10 percent of Ill. gov leases are expired 5 years

the state rented office space in 116 locations where its leases had expired. That's 22 percent of its 525 leases. Ten percent have been "holdovers" for five years or more.

Procurement reform that took effect Jan. 1 prohibits any holdover lease of more than six months. Beginning July 1, the comptroller begins withholding payment for any rented space where the lease has been expired that long.

Click on the following for more details:  Pantagraph.com | News from Associated Press

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