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Bill > HB3137


IL HB3137

IL HB3137
FINANCE-CONTRACT-SIGNATURES


summary

Introduced
02/06/2025
In Committee
04/11/2025
Crossed Over
Passed
Dead

Introduced Session

104th General Assembly

Bill Summary

Amends the State Finance Act. Provides that, for construction contracts procured by the Department of Transportation, a requirement that a contract, a contract renewal, an order against a master contract, or an amendment to an existing contract requires the signature of the chief executive officer of the agency, the chief legal counsel of the agency, and the chief fiscal officer of the agency applies only if the contract is in the amount of $750,000 or more or is increased to or by $750,000 or more in a fiscal year. Provides that the Department of Transportation may, by rule, adjust that applicable monetary threshold on a yearly basis to reflect inflationary costs in highway construction. Effective immediately.

AI Summary

This bill amends the State Finance Act to modify signature requirements for construction contracts at the Department of Transportation (DOT). Previously, any contract, renewal, or amendment valued at $250,000 or more required signatures from the agency's chief executive officer, chief legal counsel, and chief fiscal officer. The bill increases this threshold specifically for DOT construction contracts to $750,000, meaning only contracts at or above this amount will need those three signatures. Additionally, the bill allows the DOT to adjust this monetary threshold annually through rule-making to account for inflation in highway construction costs, using metrics like the National Highway Construction Cost Index. The DOT must publish any threshold changes in the Illinois Transportation Bulletin. The bill aims to reduce administrative burden for smaller contracts while maintaining oversight for larger, more significant procurement actions. The changes take effect immediately upon becoming law.

Committee Categories

Government Affairs

Sponsors (10)

Last Action

Rule 19(a) / Re-referred to Rules Committee (on 04/11/2025)

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