HB 6895

Abstract

Amends the Public Private Agreements for the Illiana Expressway Act. In provisions authorizing public private agreements in connection with the expressway, requires that the Department of Transportation's rules promulgated under the Act establish firm goals, standards, processes, appeals procedures, reporting requirements, and penalties by which the Department ensures that the contractor or contractors promote and permit the participation of businesses that are subject to the provisions of the Business Enterprise for Minorities, Females, and Persons with Disabilities Act. In connection with the Department's retention of an advisor or advisors, requires that an advisor or advisors have significant experience in ensuring the participation of entities subject to the Business Enterprise for Minorities, Females, and Persons with Disabilities Act. Adds provisions that must be included in the public private agreement, including provisions requiring that the contractor undertake specific outreach, sub-contracting, reporting, mentoring, and other measures to promote and ensure the participation of enterprises owned by minorities, females, and persons with disabilities, provisions concerning liquidated damages, and provisions requiring that in financing the project by issuing bonds or other financing instruments, the contractor shall, as certified by the Governor's Office of Management and Budget, ensure the participation of emerging investment managers as defined in the Illinois Pension Code. Makes other changes. Effective immediately.