Illinois Administrative Code (Last Updated: March 27, 2024) |
TITLE71. PUBLIC BUILDINGS, FACILITIES AND REAL PROPERTY |
PART1500. SALE OF NATIONAL GUARD ARMORIES AND LANDS |
SUBPARTB. BID PROCEDURE |
§1500.70. Full Payment and Interest
Latest version.
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Full payment is required not later than sixty (60) days from the bid opening or on the date and terms specified in the advertisement for bids or as proposed in the bid of the successful bidder. If payment is delayed beyond the due date as established above, the balance shall bear interest at the most recent State bond sale rate.