Illinois HB3137 amends the State Finance Act to require higher-value contracts to be signed by multiple officials.
HB3137 modifies the State Finance Act to mandate that contracts, contract renewals, orders against master contracts, and contract amendments increasing the value by $250,000 or more in a fiscal year be signed by the agency's chief executive officer, chief legal counsel, and chief fiscal officer. For construction contracts procured by the Department of Transportation, the threshold is $750,000 or more. The Department of Transportation can adjust this threshold annually based on inflationary costs. The bill also outlines procedures for voucher signatures and delegations of authority.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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