Skip to content

Compliance Building

Doug Cornelius on compliance for private equity real estate

Menu
  • Home
  • About
    • About
    • About Doug
    • About This Website
    • Why I Blog
    • Speaking Engagements
    • Contact
    • Publications
  • Archives
    • Topic Archive
    • Book Reviews
    • Most Popular
  • Subscribe
  • Disclaimers
    • Disclaimers
    • Policies and Procedures
    • Use of Site Content
    • Comments
    • FTC Disclosure
Menu

Illinois Business Entity Registration for Procurement

Posted on February 9, 2009 by Doug Cornelius
Print Friendly, PDF & Email

On January 1, 2009, two “pay-to-play” measures went into effect in Illinois.

Public Act 95-971 (.pdf) requires any business whose state contracts and/or bids on state contracts exceed $50,000 annually (“Covered Entity”) to register with the Board by January 31, 2009. The registration includes the Covered Entity’s name and address; the name and address of the Covered Entity’s parents, subsidiaries and affiliates (“Affiliated Entities”); and the name and address of any person who is an executive employee of, or who has an ownership interest exceeding 7.5% of, the Covered Entity, and the spouses and minor children of those persons (“Affiliated Persons”). Any business not currently a Covered Entity must register with the Board prior to submitting a bid whose value would cause the business to become a Covered Entity.

Upon registering, a Covered Entity will receive from the Board a certificate of registration. Within ten days of receiving the certificate, the Covered Entity must provide a copy to each of its Affiliated Entities and Affiliated Persons.

By April 1, 2009, the Covered Entity must provide a copy to the chief procurement officer of each agency with which the Covered Entity has a contract or to which the Covered Entity has submitted a bid. The Covered Entity must notify any political committee to which it contributes that it is registered with the Board; likewise, an Affiliated Entity and Affiliated Person must notify any political entity to which it (or he or she) contributes that it is affiliated with a Covered Entity.

Public Act 95-971 prohibits Covered Entities from making political contributions to statewide elected officials (Governor, Lieutenant Governor, Attorney General, Secretary of State, Comptroller, and Treasurer), and to declared candidates for those offices, if the officeholder is responsible for awarding a contract held or sought by the Covered Entity. The same prohibition applies to the Covered Entity’s Affiliated Entities and Affiliated Persons. The prohibitions extend for the duration of the officeholder’s term,or for a period of two years following the termination of the contract, whichever is longer.

Executive Order 3 (.pdf) imposes additional restrictions on Covered Entities that contract or bid with state agencies under the Governor’s authority. Those Covered Entities are prohibited from making political contributions not only to the particular statewide officeholder (and declared candidates for the office) responsible for awarding the relevant contract, but also to: (i) all other statewide elected officeholders and declared candidates for those offices; (ii) all members of the General Assembly and declared candidates for the General Assembly; and (iii) all political committees of a party’s state central committee represented by a statewide elected officer or member of the General Assembly. In addition, Executive Order 3 prohibits Covered Entities from making political contributions and from soliciting contributions or engaging lobbyists to solicit or make contributions.

Surprisingly, now-former-governor Rod Blagojevich signed the August, 2008 Executive Order #3 (.pdf).

You should also take a look at the Illinois State Board of Elections emergency regulations for this registration process. (.pdf)

Here is the Business Entity Registration Form (a fillable .pdf)

Share this:

  • Print (Opens in new window) Print
  • Share on Facebook (Opens in new window) Facebook
  • Share on LinkedIn (Opens in new window) LinkedIn
  • Share on X (Opens in new window) X
  • Email a link to a friend (Opens in new window) Email

Leave a ReplyCancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Search for Stuff

Recent Stories

  • California’s Fair Investment Practices by Venture Capital Companies
  • Compliance Bricks and Mortar for January 30
  • Interpreter Insider Trading
  • Things not to put in Advisory Contracts – Hedges
  • Weekend Reading: Bad Company
  • Things to Not Put in an Advisory Agreement – Assignment Rights
  • Congressional Stock Trading and Private Insider Trading
  • Model Fees Versus Actual Fees in Marketing
  • Compliance Bricks and Mortar for January 16
  • Staff Report on Capital-Raising Dynamics

Fight Cancer

Please support my Pan-Mass Challenge
Make a donation to fight cancer. donate.pmc.org/DC0176
pan-mass challenge badge

I am a lawyer, but I am not your lawyer. Since I’m a lawyer, this website may be considered attorney advertising under the ethical rules of certain jurisdictions. Please read my disclaimers page before taking any action. And then, don't take any action based on what I wrote.

Creative Commons logo with the text 'Some Rights Reserved' and three symbols representing attribution, non-commercial use, and share alike.

Compliance Building - by Doug Cornelius is licensed under a Creative Commons Attribution-Noncommercial 3.0 United States License.