Illinois Administrative Code
Title 44 - GOVERNMENT CONTRACTS, GRANTMAKING, PROCUREMENT AND PROPERTY MANAGEMENT
Part 40 - SERVICE-DISABLED AND VETERAN-OWNED SMALL BUSINESSES
Subpart F - CERTIFICATION REQUIREMENTS AND PROCEDURES
Section 40.540 - Sales Limitation; Exception

Universal Citation: 44 IL Admin Code ยง 40.540

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

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.

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