SB2298 amends the Illinois Procurement Code to require financial disclosures and conflict of interest statements from bidders and contractors.

SB2298 amends the Illinois Procurement Code to mandate financial disclosures and conflict of interest statements from bidders, offerors, vendors, contractors, and subcontractors with contracts exceeding $100,000. These disclosures must include ownership stakes over 5% or 60% of the Governor's salary, relationships with public officials, and employment with registered lobbyists. Failure to disclose can void contracts and result in debarment.

SB2298 amends the Illinois Procurement Code to require financial disclosures and conflict of interest statements from bidders and contractors.

SB2298 amends the Illinois Procurement Code to mandate financial disclosures and conflict of interest statements from bidders, offerors, vendors, contractors, and subcontractors with contracts exceeding $100,000. These disclosures must include ownership stakes over 5% or 60% of the Governor's salary, relationships with public officials, and employment with registered lobbyists. Failure to disclose can void contracts and result in debarment.