Full Text of HJR0106 97th General Assembly
HJ0106 97TH GENERAL ASSEMBLY |
| | HJ0106 | | LRB097 23541 GRL 72545 r |
|
| 1 | | HOUSE JOINT RESOLUTION
| 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
| 6 | | WHEREAS, The State of Illinois' procurement policies | 7 | | commonly request that goals be met by MBE, WBE, and VOB/SDVOB | 8 | | businesses; and
| 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
| 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
| 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
|
| | | HJ0106 | - 2 - | LRB097 23541 GRL 72545 r |
|
| 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
| 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
| 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 |
| | | HJ0106 | - 3 - | LRB097 23541 GRL 72545 r |
|
| 1 | | Enterprise Council.
|
|