Bill > HB3537

This bill amends the Illinois Procurement Code by removing references to the Commission on Equity and Inclusion from provisions concerning financial disclosures. Specifically, the bill modifies Section 50-35, which outlines requirements for financial disclosures in procurement processes. Under the current law, bidders, contractors, and subcontractors must disclose financial interests and potential conflicts of interest for contracts exceeding a certain monetary threshold. These disclosures must include ownership shares, relationships with state employees or elected officials, and other potential conflicts. Previously, these disclosures were to be filed with both the Procurement Policy Board and the Commission on Equity and Inclusion. The bill eliminates all mentions of the Commission on Equity and Inclusion, meaning disclosures will now only be filed with the Procurement Policy Board. The bill maintains the existing detailed requirements for financial disclosures, including ongoing obligations to update information about ownership, relationships, and potential conflicts of interest. The purpose of these disclosures remains to provide transparency and help procurement officers identify and manage potential conflicts of interest in state contracting processes.

Government Affairs

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3537&GAID=18&DocTypeID=HB&SessionID=114&GA=104