|
| | 102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
HB5326 Introduced 1/31/2022, by Rep. Camille Y. Lilly SYNOPSIS AS INTRODUCED:
|
| |
Amends the Business Corporation Act of 1983. Provides that as soon as practical after the effective date of this amendatory Act, but no later than January 1, 2023, a corporation that has contracts with the State shall include as part of its annual report submitted to the Secretary of State under this Act a list of its suppliers and a description of the corporation's process for identifying and evaluating suppliers, including whether and, if so, how demographic diversity is considered. Effective immediately.
|
| |
| | A BILL FOR |
|
|
| | HB5326 | | LRB102 24892 SPS 34142 b |
|
|
| 1 | | AN ACT concerning business.
|
| 2 | | Be it enacted by the People of the State of Illinois,
|
| 3 | | represented in the General Assembly:
|
| 4 | | Section 5. The Business Corporation Act of 1983 is amended |
| 5 | | by adding Section 14.40 as follows:
|
| 6 | | (805 ILCS 5/14.40 new) |
| 7 | | Sec. 14.40. State contractors reporting. As soon as |
| 8 | | practical after the effective date of this amendatory Act of |
| 9 | | the 102nd General Assembly, but no later than January 1, 2023, |
| 10 | | a corporation that has contracts with this State shall include |
| 11 | | as part of its annual report submitted to the Secretary of |
| 12 | | State under this Act a list of its suppliers and a description |
| 13 | | of the corporation's process for identifying and evaluating |
| 14 | | suppliers, including whether and, if so, how demographic |
| 15 | | diversity is considered.
|
| 16 | | Section 99. Effective date. This Act takes effect upon |
| 17 | | becoming law.
|