Ill. Admin. Code tit. 44 § 40.540

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

Section 40.540 - Sales Limitation; Exception

a) Annual gross sales must be less than $75 million. In determining the annual gross sales, sales of any affiliated business shall also be counted.

b) An affiliated business is one related to the other by virtue of significant commonality of management or commonality of ownership (at least 5% of one company owned by owner or management personnel of the other). Other factors that may be considered in determining affiliation include, but are not limited to, sharing of office space, workers or equipment.

Ill. Admin. Code tit. 44, § 40.540

Recodified from Section 20.540 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