FINANCE-SMALL PURCHASES-BEP

Amends the Illinois Procurement Code. Provides that for proposed purchasing activity under the specified small purchase threshold, there shall be no policy or rule infringing a State agency or public institution of higher education's ability to award directly, without competition, to a Business Enterprise Program certified business. Requires disclosure of financial interests for bids and offers with an annual value in excess of the small purchase threshold. Amends the Governmental Joint Purchasing Act. Provides that the Act does not apply to, among other entities, public institutions of higher education. Amends the Business Enterprise for Minorities, Women, and Persons with Disabilities Act. Modifies provisions concerning the award of State contracts. Expands the authority and responsibilities of the Business Enterprise Council. Removes the definition of "business" from the Act. Makes conforming changes.