093_HB2568
LRB093 11007 JAM 11665 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.