Illinois Administrative Code
Title 44 - GOVERNMENT CONTRACTS, GRANTMAKING, PROCUREMENT AND PROPERTY MANAGEMENT
Part 40 - SERVICE-DISABLED AND VETERAN-OWNED SMALL BUSINESSES
Subpart D - PROGRAM ELIGIBILITY
Section 40.300 - Program Eligibility

Universal Citation: 44 IL Admin Code ยง 40.300

Current through Register Vol. 48, No. 38, September 20, 2024

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.

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