(a) The Department may terminate the contractor's authority and duties under the public-private agreement on the date set forth in the public-private agreement. (b) Upon termination of the public-private agreement, the authority and duties of the contractor under this Act cease, except for those duties and obligations that extend beyond the termination, as set forth in the public-private agreement, and all interests in the Hotel Florence shall revert to the Department.
20 ILCS 3407/45-40
Term of agreement; reversion of property to the Department
Known as the Reimagining Hotel Florence Act
The act spans §§ 20-3407-45-1 to 20-3407-45-55 (12 sections).
P.A. 103-570, eff. 1-1-24.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.