Ill. Admin. Code tit. 44 § 40.300

Current through Register Vol. 48, No. 49, December 6, 2024

Section 40.300 - Program Eligibility

To qualify as a SDVOSB or VOSB:

a) The business must be owned and controlled by veterans and/or service-disabled veterans;

b) It must be a small business that does not exceed the sales limitation established in the definition in Section 20.20;

c) It must be an authorized business registered within the State of Illinois;

d) Qualified veterans who are Illinois residents must hold 51% of ownership of the business; and

e) The business home office must be in the State of Illinois.

Ill. Admin. Code tit. 44, § 40.300

Recodified from Section 20.300 of 44 Ill. Adm. Code 20 (Central Management Services) pursuant to Section 45-57 of the Illinois Procurement Code [30 ILCS 500/45-57] , at 47 Ill. Reg. 12484