Illinois SB 2198: STATE CONTRACTS-SMALL BUSINESS

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104TH GENERAL ASSEMBLY 
State of Illinois 
2025 and 2026
SB2198

Introduced 2/7/2025, by Sen. Adriane Johnson 

SYNOPSIS AS INTRODUCED:

20 ILCS 605/605-1118 new

30 ILCS 500/45-45

30 ILCS 500/50-95 new

 Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Provides that, subject to appropriation, the Department of Commerce and Economic Opportunity shall create a small business financing program to provide low-interest financing to small businesses that secure State contracts to assist with the fulfilment of those contracts. Amends the Illinois Procurement Code. Provides that the Department of Central Management Services shall, in consultation with State agencies, develop a scorecard for the assessment of bids from businesses that have annual gross sales of less than $15,000,000 as evidenced by the federal income tax return of the business. Makes changes in provisions concerning the advertisement of bids to small businesses.

LRB104 10102 HLH 20174 b

A BILL FOR

SB2198LRB104 10102 HLH 20174 b

1 AN ACT concerning finance.

2 Be it enacted by the People of the State of Illinois, 

3represented in the General Assembly:

4 Section 5. The Department of Commerce and Economic 

5Opportunity Law of the Civil Administrative Code of Illinois 

6is amended by adding Section 605-1118 as follows:

7 (20 ILCS 605/605-1118 new)

8 Sec. 605-1118. Small business financing program. Subject 

9to appropriation, the Department shall create a small business 

10financing program to provide low-interest financing to small 

11businesses that secure State contracts to assist with the 

12fulfilment of those contracts.

13 Section 10. The Illinois Procurement Code is amended by 

14changing Section