Bill > HB3540

This bill amends the Business Enterprise for Minorities, Women, and Persons with Disabilities Act to improve the certification process for minority-owned, women-owned, and disability-owned businesses. Specifically, the bill establishes that certifications granted under the Act will now be active for a minimum of 5 years, providing more stability and predictability for certified vendors. Additionally, the bill requires certified vendors to proactively inform the Program of any changes in their business status or ownership that could potentially impact their certification status. To help vendors maintain their certification, the Program is now mandated to notify vendors at least 6 months before their certification is set to expire, giving them ample time to prepare for renewal or address any potential issues. These changes aim to streamline the certification process, increase transparency, and support diverse businesses in maintaining their certified status.

Business and Industry

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3540&GAID=18&DocTypeID=HB&SessionID=114&GA=104