(30 ILCS 574/40-15)

Sec. 40-15. Higher education supplier diversity report.

(a) Every private institution of higher education approved by the Illinois Student Assistance Commission for purposes of the Monetary Award Program shall submit an annual 2-page report in a searchable Adobe PDF format on its voluntary supplier diversity program to the Commission on or before November 15 of each year. The report shall set forth all of the following:

(1) The name, address, phone number, and email address of the point of contact for the supplier diversity program, or the institution's procurement program if there is no supplier diversity program, for vendors to register with the program.

(2) Local and State certifications the institution accepts or recognizes for minority-owned, women-owned, or veteran-owned business status.

(3) On the second page, a narrative explaining the results of the report and the tactics to be employed to achieve the goals.

(4) The voluntary goals, if any, for either the fiscal year or calendar year in each category for the entire budget of the institution, expending both public and private moneys, including any fee-supported entities, and the commodity codes or a description of particular goods and services for the area of procurement in which the institution expects most of those goals to focus on in the next reporting year. The actual spending for the entire budget of the institution, expending both public and private moneys, including any fee-supported entities, for minority-owned business enterprises, women-owned business enterprises, and veteran-owned business enterprises, expressed both in actual dollars and as a percentage of the total budget of the institution, must be included for each reporting year.

(b) For each report submitted under subsection (a), the Commission shall publish the results on its website for no less than 5 years after submission. The Commission is not responsible for collecting the reports or for the content of the reports.

(c) The Commission shall hold an annual higher education supplier diversity workshop every February to discuss the reports with representatives of the institutions of higher education and vendors.

(d) The Commission shall prepare a one-page template, not including the narrative section, for the voluntary supplier diversity reports.

(Source: P.A. 103-961, eff. 8-9-24.)