Illinois General Assembly - Full Text of SB3725

LRB104 18311 HLH 31751 b

104TH GENERAL ASSEMBLY
State of Illinois
2025 and 2026
SB3725

Introduced 2/5/2026, by Sen. Mike Porfirio

SYNOPSIS AS INTRODUCED:

30 ILCS 575/8m new

Amends the Business Enterprise for Minorities, Women, and Persons with Disabilities Act. Provides that the Business Enterprise Program shall recognize private funding given in the form of sponsorship of the University of Illinois System Diverse Supplier Development Program (DSDP) as dollars toward goal attainment under the Act if those funds are distributed to eligible program graduates under specified conditions.

A BILL FOR

AN ACT concerning finance.

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

Section 5. The Business Enterprise for Minorities, Women, and Persons with Disabilities Act is amended by adding Section 8m as follows:

(30 ILCS 575/8m new)

Sec. 8m. Sponsorship recognition. Notwithstanding any rule or provision of law to the contrary, the Business Enterprise Program shall recognize private funding given in the form of sponsorship of the University of Illinois System Diverse Supplier Development Program (DSDP) as dollars toward the attainment of goals under this Act if those funds are distributed to eligible program graduates and meet the following criteria:

(1) Any sponsorship dollars collected shall be directly distributed to DSDP graduates upon graduation from the program as business advancement funding. Funding shall be dependent on sponsorships and is not guaranteed nor likely to be equal from one cohort to the next. Funding shall be distributed evenly among participants, shall be distributed in whole, and shall not be subject to administrative fees.

(2) All DSDP participants shall, at the time of graduation from the program, hold certification in good standing with the Business Enterprise Program and the Illinois Commission on Equity and Inclusion.

(3) All entities providing sponsorship of the program in return for dollars subject to goal shall have met their existing contract goals or shall have an approved waiver of those goals prior to receiving credit towards goal attainment. Sponsor dollars shall not be counted twice. If a sponsor is contracting with more than one State entity, the sponsor shall clearly and in writing allocate those funds to ensure proper accounting.

(4) Each State agency contracting with a sponsor meeting the criteria in this Section shall include applicable dollars in its annual business enterprise expenditure report. Consideration shall be given to this paragraph to ensure proper accounting.

(5) The DSDP will annually, but no later than January 1 of the following calendar year, report in writing to the Commission on Equity and Inclusion a summary of the sponsorship and business advancement funding initiative. The report shall include, but shall not be limited to, moneys received through sponsorship and the associated entity responsible. The report shall also include a list of program graduates receiving funding, as well as the total amount provided.

This amendatory Act of the 104th General Assembly applies to graduating cohorts that graduate after passage and approval of this amendatory Act of the 104th General Assembly. All criteria shall be met to receive funding, including complete program graduation. For purposes of tax treatment and compliance, all funds shall be treated as reciprocal sponsorships and shall not be used as a charitable donation.