Amends Illinois Procurement Code to align small business set-asides with federal standards.
The bill amends the Illinois Procurement Code to align the criteria for small business set-asides with the United States Small Business Administration's standards. It specifies that small businesses must be independently owned and operated and not dominant in their field. The bill also mandates that advertisements for bids or offers for contracts specify small business set-asides and that only bids or offers from qualified small businesses are considered in awarding contracts.
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