HB3756 100TH GENERAL ASSEMBLY

LRB100 10951 MLM 21188 b

100TH GENERAL ASSEMBLY
State of Illinois
2017 and 2018
HB3756

Introduced , by Rep. Juliana Stratton

SYNOPSIS AS INTRODUCED:

30 ILCS 575/8g new

Amends the Business Enterprise for Minorities, Females, and Persons with Disabilities Act. Requires the Department of Central Management Services to establish a credit program where certain contractors may receive credit applicable to meeting the requirements of the Act based on their utilization of minority owned businesses and female owned businesses. Requires the Department to review the program annually. Sets forth requirements of the program.

A BILL FOR

AN ACT concerning finance.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The Business Enterprise for Minorities, Females, and Persons with Disabilities Act is amended by adding Section 8g as follows:

(30 ILCS 575/8g new)

Sec. 8g. Credit program. Thirty days after the effective date of this amendatory Act of the 100th General Assembly, the Department of Central Management Services, in conjunction with the Council, shall establish a credit program where contractors may receive credit applicable to meeting the requirements of this Act based on their utilization of minority owned businesses and female owned businesses. The credit program shall be reviewed annually by the Department of Central Management Services and the Council and may be suspended by the Department upon a finding of substantial evidence of fraud in connection with the application for credits. The credit program shall include the following features:

(1) Credits shall be awarded by the board only for the use of minority owned businesses or female owned businesses in projects which do not have affirmative action goals mandated by law or contract or to the extent of use in excess of such mandated affirmative action goals.

(2) $1 of credit shall be earned for each $3 of eligible use.

(3) Credits shall be awarded only to the party responsible for hiring the minority owned business or female owned business. and if there is more than one responsible party, credits shall be allocated pro rata among such parties in order to prevent duplication.

(4) Credits may be applied at the time a contract is awarded against the requirements set forth in this Act to reduce the requirements, dollar of requirement for dollar of credit, up to a maximum credit of 5% of the dollar value of the contract.

(5) Credits may not be applied more than one year after being awarded by the Department.