SB3488 Summary

• Amends the Illinois Procurement Code to require State agencies to post exempted contracts with annual values exceeding $100,000 to the procurement bulletin, including contractor name, service description, contract amount, term, and exemption type.

• Requires State agencies to publish notice of contracts over $100,000 for artistic or musical goods and services within 14 calendar days after contract execution in the Illinois Procurement Bulletin.

• Requires public institutions of higher education to publish notice of contracts over $100,000 for specified goods and services (memberships, events, athletic/artistic services, periodicals, sponsored research, and foreign entity contracts) within 14 calendar days after contract execution.

• Mandates monthly reporting by agencies and institutions to the Chief Procurement Officer with contract details, and requires annual reports to the Governor and General Assembly summarizing exempted contracts.