HB4208 Engrossed

LRB096 03875 JAM 13909 b






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    AN ACT concerning finance.

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


 
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    Section 5. The Illinois Procurement Code is amended  by 
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adding Section 45-57 as follows:
 
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    (30 ILCS 500/45-57  new)
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    Sec. 45-57. Veteran-owned businesses.
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    (a) As used in this Section:
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        (1) "Armed Forces" means the United States Army, Navy, 
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    Marine Corps, Air Force, and Coast Guard.
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        (2) "Veteran" means a person who served in the United 
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    States Armed Forces, a reserve component of the United 
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    States Armed Forces, or the Illinois National Guard and who 
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    was discharged (i) honorably, (ii) due to hardship, or 
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    (iii) due to a service-connected disability.
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        (3) "Veteran-owned business" means a business concern 
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    (i) at least 51% of which is owned by one or more veterans 
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    or, in the case of a corporation,  at least 51% of the stock 
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    of which is owned by one or more veterans and (ii) the 
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    management and daily business operations of which are 
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    conducted by one or more veterans.
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    (b) At least 10% of the total dollar amount of State 
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contracts of all agencies under his or her jurisdiction shall 
 


 






HB4208 Engrossed
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LRB096 03875 JAM 13909 b




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be established by each chief procurement officer as a goal to 
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be awarded to veteran-owned businesses.  This requirement 
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relates to the total dollar amount of State contracts during 
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each State fiscal year, calculated by examining independently 
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each type of contract for each State agency that awards those 
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contracts.  Only that percentage of agreements that represent 
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the participation of veteran-owned businesses on such 
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contracts shall be included.
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    (c) Each chief procurement officer shall adopt rules for 
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the implementation and administration of this Section.