Illinois General Assembly - Full Text of HB5326
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Full Text of HB5326  102nd General Assembly

HB5326 102ND GENERAL ASSEMBLY

  
  

 


 
102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
HB5326

 

Introduced 1/31/2022, by Rep. Camille Y. Lilly

 

SYNOPSIS AS INTRODUCED:
 
805 ILCS 5/14.40 new

    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.


LRB102 24892 SPS 34142 b

 

 

A BILL FOR

 

HB5326LRB102 24892 SPS 34142 b

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