HB5283

Illinois HB5283 amends the Illinois Procurement Code to redefine small businesses for procurement set-asides and mandates annual reporting on small.

HB5283 modifies the Illinois Procurement Code to redefine small businesses for procurement set-asides. It specifies that manufacturing businesses are not considered small if they exceed the employee limit set by the U.S. Small Business Administration. For construction businesses, it sets the annual sales limit at $14,000,000. Wholesale businesses are excluded from small business set-asides. The bill also mandates annual reporting by small business specialists on the total value of contracts awarded to small businesses, with these reports made available to the General Assembly and the public.