Illinois Administrative Code
Title 17 - CONSERVATION
Part 150 - REGULATIONS FOR THE LETTING OF CONCESSIONS, FARM LEASES, SALE OF BUILDINGS AND FACILITIES, AND DEMOLITIONS
Section 150.20 - Agricultural Management Leases
Current through Register Vol. 48, No. 12, March 22, 2024
a) Agricultural management leases are for a period of:
b) Agricultural management leases shall be let by sealed competitive bids, except these leases may be negotiated under any of the following conditions:
c) Notices of the available agricultural management leases shall be placed in a local newspaper prior to a sealed competitive bid letting.
d) A public informational meeting shall be held at the site of the available agricultural management lease prior to the bid letting.
e) The bids shall be opened at a public bid opening.
f) The best qualified highest bidder shall be given the right to enter into an agricultural management lease. Factors taken into consideration in determining a qualified bidder shall include, but not be limited to, criteria contained in Section 150.50.
g) If no bids are placed or if no qualified bidders place bids, a negotiated lease with a qualified lessee may be sought.
h) At the end of an agricultural management lease period, the lease may be renegotiated with the present leaseholder if the leaseholder has not violated lease covenants or has quickly corrected such violations after notification by the Farm Lease Program Administrator. In such a case, no competitive bidding on the agricultural management lease will be offered.