ST FINANCE-CAPITAL FUNDS AWARD

Amends the State Finance Act. Amends the State Finance Act. Provides that any capital project of any local governmental entity that is in the amount of $500,000 or more and that is funded in whole or in part by State funds or by federal funds that are administered by the State, including federal funds associated with COVID relief, shall comply with the objectives and participation goals for minority-owned businesses, women-owned businesses, and businesses owned by persons with disabilities under the Business Enterprise for Minorities, Women, and Persons with Disabilities Act and the equal employment practices of the Illinois Human Rights Act. Provides that each capital project agreement shall include enforceable provisions and penalties relative to the participation goals of minority-owned, women-owned, or persons with disabilities-owned business enterprises, as established through data and other information derived from one or more relevant marketplaces. Provides that local governmental entities may rely on the certification of minority-owned, women-owned, or persons with disabilities-owned business enterprises made by the State or a local governmental entity, and, in establishing the participation goal for each capital project, may likewise rely on marketplace data and other information issued by the State or a local governmental entity. Specifies that the provisions shall not apply to any project (i) for which an agreement was executed before the effective date of the amendatory Act, or (ii) for a federally funded program under which specified requirements would contravene federal law. Makes conforming changes.