IL HB2671

Department of Central Management Services must establish a credit program within 30 days allowing contractors to receive credits toward Act requirements based on utilization of minority-owned and female-owned businesses.

Credits are awarded at a rate of $1 credit for every $3 of eligible use of minority-owned or female-owned businesses.

Credits apply only to projects without mandated affirmative action goals or only to the extent use exceeds mandated goals, with credits allocated pro rata among multiple responsible parties.

Credits may reduce contract requirements dollar-for-dollar up to a maximum of 5% of the contract's dollar value and must be applied within one year of being awarded.

Department and Council must review the program annually and may suspend it upon finding substantial evidence of fraud in credit applications.