Illinois HB 2786: REGULATION-TECH

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 Full Text of HB2786

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 HB2786 - 104th General Assembly 

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HB2786 EngrossedLRB104 10487 HLH 20562 b

1 AN ACT concerning finance.

2 Be it enacted by the People of the State of Illinois, 

3represented in the General Assembly:

4 Section 5. The Architectural, Engineering, and Land 

5Surveying Qualifications Based Selection Act is amended by 

6changing Section 45 as follows:

7 (30 ILCS 535/45) (from Ch. 127, par. 4151-45)

8 Sec. 45. Small contracts. 

9 (a) The provisions of Sections 25, 30, and 35 do not apply 

10to architectural, engineering, and land surveying contracts 

11with an estimated basic professional services fee of less than 

12the maximum estimated basic professional services fee set 

13forth in this Section $25,000.

14 (b) As used in this Section: 

15 "Consumer price index-u" means the index published by the 

16Bureau of Labor Statistics of the United States Department of 

17Labor that measures the average change in prices of goods and 

18services purchased by all urban consumers, United States city 

19average, all items, 1982-84=100. 

20 "Maximum estimated basic professional services fee" means: 

21 (1) for contracts entered into before the effective 

22 date of this amendatory Act of the 104th General Assembly, 

23 $25,000; 

HB2786 Engrossed- 2 -LRB104 10487 HLH 20562 b

1 (2) for contracts entered into on or after the 

2 effective date of this amendatory Act of the 104th General 

3 Assembly and before January 1, 2027, $40,000; and 

4 (3) for contracts entered into on or after January 1, 

5 2027, the maximum estimated basic professional services 

6 fee for the calendar year immediately preceding the 

7 calendar year in which the contrac