HB3537 amends the Illinois Procurement Code to require financial disclosures and potential conflicts of interest from bidders, offerors, vendors, and.
HB3537 amends the Illinois Procurement Code to mandate financial disclosures and potential conflicts of interest from bidders, offerors, vendors, and contractors. Bids, offers, and submissions to a vendor portal with an annual value exceeding the small purchase threshold must include these disclosures. The disclosure must include any ownership or distributive income share exceeding 5% or 60% of the Governor's annual salary, whichever is less.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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