SB3725 allows private funding for the University of Illinois System Diverse Supplier Development Program to count towards Business Enterprise goals.
SB3725 amends the Business Enterprise for Minorities, Women, and Persons with Disabilities Act to recognize private funding for the University of Illinois System Diverse Supplier Development Program as dollars toward goal attainment. This funding must be distributed to eligible program graduates and meet specific criteria, including certification in good standing with the Business Enterprise Program and the Illinois Commission on Equity and Inclusion. Each State agency contracting with a sponsor must include applicable dollars in its annual business enterprise expenditure report.
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