Sec. 45. Term of agreement; reversion of property to the Department.
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/il/chapter-20/act-861/45A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 45. Term of agreement; reversion of property to the Department.
(a)The term of any public-private agreement entered into under this Act shall be no less than 25 years and no more than 99 years.
(b)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. The Department may also terminate the public-private agreement pursuant to any clause or condition as set forth in the public-private agreement.
(c)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 World Shooting and Recreational Complex shall revert to the Department.