95TH GENERAL ASSEMBLY
State of Illinois
2007 and 2008
SB1512


 
Introduced 2/9/2007, by Sen. Kwame Raoul
 
SYNOPSIS AS INTRODUCED:
 		













20 ILCS 3105/20 new










    Amends the Capital Development Board Act.  Requires that the Board make a good faith effort to increase to 20% its average percentage of project funding that is directed to minority-owned and female-owned businesses.  Effective immediately.
















LRB095 04367 JAM 24410 b

















FISCAL NOTE ACT MAY APPLY
















 


 


A BILL FOR









 











SB1512

LRB095 04367 JAM 24410 b






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    AN ACT concerning State government.

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


 
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    Section 5. The Capital Development Board Act is amended  by 
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adding Section 20 as follows:
 
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    (20 ILCS 3105/20  new)
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    Sec. 20. Minority-owned and female-owned businesses. The 
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Board shall make a good faith effort to increase to 20% its 
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average percentage of project funding directed to 
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minority-owned businesses and female-owned businesses, as 
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those terms are defined in the Business Enterprise for 
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Minorities, Females, and Persons with Disabilities Act.
 

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    Section 99. Effective date. This Act takes effect upon 
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becoming law.