Illinois § 55

§ 55.

Vendor diversity report. Each applicant shall, no later than April 15 of each taxable year for which an agreement under this Act between the applicant and the Department is in effect, report on the diversity of the vendors used by the applicant. The report shall be published on the Department's website and shall include the following information: (1) a point of contact for potential vendors to register with the applicant's project; (2) certifications that the applicant accepts or recognizes for minority-owned businesses and women-owned businesses as entities; (3) the applicant's goals to contract with diverse vendors, if any, for the next fiscal year for the entire budget of the applicant's project; (4) for the last fiscal year, the actual contractual spending for the entire budget of the project and the actual spending for minority-owned businesses and women-owned businesses, expressed as a percentage of the total budget for actual spending for the project; (5) a narrative explaining the results of the report and the applicant's plan to address the voluntary goals for the next fiscal year; and (6) a copy of the applicant's submission of vendor diversity information to the federal government, including but not limited to vendor diversity goals and actual contractual spending for minority-owned businesses and women-owned businesses, if the applicant is a federal contractor and is required by the federal government to submit that information to the federal government. (Source: P.A. 102-1125, eff. 2-3-23.)