Illinois General Assembly - Bill Status for SB3467

Amends the Illinois Procurement Code. Provides that when a contract is to be awarded through a competitive bidding process, the price offered by a qualified HUBZone small business concern shall be deemed to be lower than the price offered by another responsible bidder, potential contractor, or offeror, if the price offered by the qualified HUBZone small business concern is not more than 10% higher than the price offered by the other responsible bidder, potential contractor, or offeror. Requires each chief procurement officer to establish rules related to the eligibility of qualified HUBZone small business concerns to receive preference, and to verify the accuracy of any information submitted by a qualified HUBZone small business concern with respect to a contract awarded. Provides that the provisions regarding HUBZone business contracts shall not apply to construction procurements and construction-related services procurements. Defines terms.