Synopsis As Introduced Amends the Deposit of State Moneys Act. Authorizes investment in repurchase agreements of government securities having the meaning set out in the Government Securities Act of 1986,"as now or hereafter amended or succeeded". Effective immediately.
Deletes everything after the enacting clause. Creates the Local Government Electronic Reverse Auction Act. Authorizes the use of electronic reverse auctions by units of local government. Amends the Deposit of State Moneys Act, Department of Transportation Law, Illinois Finance Authority Act, Fiscal Control and Internal Auditing Act, Illinois Procurement Code, the Business Enterprise for Minorities, Females, and Persons with Disabilities Act, and Illinois Grant Funds Recovery Act. Makes changes with respect to: Finance Authority project and action summaries; State agency internal auditors; chief procurement officers; State leases; the Procurement Policy Board; the Illinois Procurement Bulletin; competitive sealed bidding; State emergency and sole source procurements; State contractor and bidder qualifications; State contract subcontractors; prohibited campaign contributions by State contractors and bidders; State contract certifications and disclosures; State contract conflicts of interests; State bond issuance contracts; State contract voidability; State property concessions; duties of State grant applicants and recipients; associate procurement officers; contract compliance monitors; an Executive Procurement Officer; and suspension of State grants. Effective immediately.
House Floor Amendment No. 2 Changes certain references from "10 days" to "10 business days". Makes changes with respect to the Executive Procurement Officer's responsibilities.
Governor Amendatory Veto Message Proposes to amend the Personnel Code to provide that employees of the Executive Ethics Commission who are appointed under the amendatory Act are not exempt from the Code. Proposes to provide that chief internal auditors who are transferred or appointed under the amendatory Act shall be appointed for 5-year terms. Proposes that "other agencies, boards, or commissions designated by the Executive Ethics Commission" shall be included in the definition of "designated State agency" under the Fiscal Control and Internal Auditing Act. Proposes to make changes to the qualifications of chief internal auditors. Proposes that the chief procurement officer for construction and construction-related services under the jurisdiction of the Illinois Department of Transportation shall be appointed by the Secretary of Transportation with the consent of the Executive Ethics Commission (instead of appointment by a majority of the members of the Executive Ethics Commission). Recommends other changes. Proposes to change the effective date of the bill to July 1, 2010, and proposes that the bill shall apply to procurements initiated on or after that date.