TITLE 44: GOVERNMENT CONTRACTS, GRANTMAKING, PROCUREMENT, AND PROPERTY MANAGEMENT
SUBTITLE A: PROCUREMENT AND CONTRACT PROVISIONS
CHAPTER V: COMMISSION ON EQUITY AND INCLUSION
PART 40 SERVICE-DISABLED AND VETERAN-OWNED SMALL BUSINESSES
SECTION 40.300 PROGRAM ELIGIBILITY

 

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.

 

(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)