HB2770 Summary

• Amends the Illinois Procurement Code to increase the small purchase threshold from $50,000 to $100,000, effective January 1, 2023, with annual inflation adjustments rounded to the nearest $100.

• Creates a State Procurement Task Force with 27 members representing legislative bodies, higher education institutions, vendors, women-owned and minority-owned businesses, and State departments to survey procurement processes and submit recommendations by November 1, 2022 and January 1, 2024.

• Establishes a bid preference of 4% for Illinois businesses on construction projects exceeding $100,000, requiring construction agencies to make reasonable efforts to contract with Illinois-based contractors and submit annual reports on utilization.

• Implements new reporting requirements including quarterly change order reports from the Capital Development Board and Department of Transportation (January 2023-December 2025) and annual compliance reports from purchasing agencies on domestic product preferences.

• Modifies debt delinquency provisions to allow contractors 7 days to cure delinquent debts or enter into payment plans, and updates financial disclosure thresholds to reference the new small purchase maximum rather than fixed dollar amounts.