- a) For the purposes of this Section, "HUBZone business" means a business that operates and employs people in Historically Underutilized Business Zones (HUBZone) as designated by the federal HUBZone Empowerment Act. [30 ILCS 500/45-95(a)]
- b) The Treasurer's office may provide a 2% price preference for a HUBZone business that is responding to an Invitation for Bid or Request for Proposal.
- c) The Treasurer's office may provide up to a 10% price preference for a HUBZone business that is responding to an IFB or RFP. The Treasurer's office shall specify the price preference in the solicitation document.
- d) A HUBZone business must include evidence of its HUBZone qualification with its bid or offer if it is claiming a HUBZone price preference under this Section.
- e) The Chief Procurement Officer shall publish, in the notice of award, the percentage of the HUBZone price preference for each contract awarded through this Section.
- f) Should a contractor no longer qualify as a HUBZone business during the term of a contract that was awarded using the HUBZone price preference, the Chief Procurement Officer may void the contract.
- g) A contract may not be renewed if the contractor no longer qualifies as a HUBZone business and the contract was awarded using the HUBZone price preference.
(Source: Added at 48 Ill. Reg. 2924, effective February 7, 2024)