Illinois Public Act 096-0006 became effective on April 3, 2009, making significant changes to the operations of Illinois retirement systems, pension funds and investment boards. The Act imposes increased oversight and accountability requirements on the boards of trustees, fiduciaries and investment advisers, managers and consultants. The provisions apply not only at the state level, but … Read more »
Tag: Illinois
Registration Disclosure for Illinois Entity Registration
Illinois has a new business entity registration for procurement law in place to counteract “pay-to-play” in state contracting. As part of the registration process, you must register the company as well as any “affiliated entity” and any “affiliated person.” Both of these terms are defined in Section 50-37 of Illinois Procurement Code. “Affiliated person” means … Read more »
Illinois Business Entity Registration for Procurement
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 … Read more »