IL SB1914

Establishes aspirational goals for state contracts: 20% total to minority, women, and disability-owned businesses, with minimum targets of 11% to minority-owned, 7% to women-owned, and 2% to disability-owned businesses.

For state construction contracts, sets 20% aspirational goal for minority-owned and women-owned businesses combined, excluding disability-owned business requirements.

Requires University of Illinois to award 25% of Olympic and Paralympic Games-related contracts to minority-owned or disability-owned businesses and 5% to women-owned businesses.

Mandates bidders and offerors on solicitations with Business Enterprise Program goals submit completed utilization plans at time of bid; failure to submit renders bid non-responsive.

Allows successful bidders failing to meet participation goals up to 10 calendar days to cure deficiency by contracting additional minority, women, or disability-owned subcontractors or increasing work with previously identified certified vendors.