§40.300. Program Eligibility

Latest version.

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)

                    
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