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| 1 | HOUSE JOINT RESOLUTION
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| 2 | WHEREAS, The State of Illinois has deemed it important to | ||||||
| 3 | undo historical prejudices by creating special classifications | ||||||
| 4 | for businesses that are majority owned and operated by | ||||||
| 5 | minorities (MBE), women (WBE), or veterans (VOB and SDVOB); and
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| 6 | WHEREAS, The State of Illinois' procurement policies | ||||||
| 7 | commonly request that goals be met by MBE, WBE, and VOB/SDVOB | ||||||
| 8 | businesses; and
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| 9 | WHEREAS, The State of Illinois has defined a special | ||||||
| 10 | classification company as a company that is at least 51% owned | ||||||
| 11 | and fully controlled by a special classification individual or | ||||||
| 12 | a group of special classification individuals; and
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| 13 | WHEREAS, The State of Illinois Central Management | ||||||
| 14 | Services' Business Enterprise Council has been charged with the | ||||||
| 15 | task of determining whether a company meets the criteria for a | ||||||
| 16 | special classification; and
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| 17 | WHEREAS, There have been well documented cases of | ||||||
| 18 | fraudulent MBE, WBE, SDVOB, and VOD companies being created; it | ||||||
| 19 | is the responsibility of the Business Enterprise Council to | ||||||
| 20 | vigilantly oppose these applications for special | ||||||
| 21 | classification; and
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| 1 | WHEREAS, Small businesses in the present day marketplace | ||||||
| 2 | will often sell equity in their company to investors, such as | ||||||
| 3 | angel investors and venture capitalists, in order to raise | ||||||
| 4 | capital; and | ||||||
| 5 | WHEREAS, It is acknowledged that equity investors in | ||||||
| 6 | companies often will have no say in the operation, control, or | ||||||
| 7 | direction of the company; therefore, be it
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| 8 | RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE | ||||||
| 9 | NINETY-SEVENTH GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, THE | ||||||
| 10 | SENATE CONCURRING HEREIN, that we request that the Central | ||||||
| 11 | Management Services Business Enterprise Council includes the | ||||||
| 12 | equity ownership of silent investors of the same special | ||||||
| 13 | classification in the calculations of the majority ownership of | ||||||
| 14 | a company; and be it further
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| 15 | RESOLVED, That we request that the Central Management | ||||||
| 16 | Services Business Enterprise Council include silent investor | ||||||
| 17 | equity when calculating control of a company when the silent | ||||||
| 18 | investors have given controlling authority to one or more | ||||||
| 19 | persons of that classification; and be it further | ||||||
| 20 | RESOLVED, That a suitable copy of this resolution be | ||||||
| 21 | delivered to the Central Management Services Business | ||||||
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| 1 | Enterprise Council.
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