Illinois Compiled Statutes 30 ILCS 751/55 – Vendor diversity report
Current as of: 2024 | Check for updates
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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
(1) a point of contact for potential vendors to
register with the applicant’s project;
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(2) certifications that the applicant accepts or
recognizes for minority-owned businesses and women-owned businesses as entities;
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(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;
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(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;
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(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
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(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.
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Terms Used In Illinois Compiled Statutes 30 ILCS 751/55
- Contract: A legal written agreement that becomes binding when signed.
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.