093_SB1530

 
                                     LRB093 07752 JAM 07940 b

 1        AN ACT concerning State procurement.

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

 4        Section 5.  The Illinois Procurement Code is  amended  by
 5    adding Section 50-10.5 as follows:

 6        (30 ILCS 500/50-10.5 new)
 7        Sec. 50-10.5. Prohibited bidders and contractors.
 8        (a)  Unless  otherwise provided, no business shall bid or
 9    enter into a contract with the State of Illinois or any State
10    agency if any officer, director, partner, or other  agent  of
11    that  business  has  been  convicted  of  a  felony under the
12    Sarbanes-Oxley Act of 2002 or a Class 3  or  Class  2  felony
13    under  the  Illinois Securities Law of 1953 for a period of 5
14    years from the date of conviction.
15        (b)  Every bid submitted to and contract executed by  the
16    State   shall  contain  a  certification  by  the  bidder  or
17    contractor that the  contractor  is  not  barred  from  being
18    awarded a contract under this Section and that the contractor
19    acknowledges  that  the  contracting State agency may declare
20    the contract void if the certification completed pursuant  to
21    this subsection (b) is false.