Ill. Admin. Code tit. 71 § 2000.25

Current through Register Vol. 48, No. 50, December 13, 2024

Section 2000.25 - Beneficial Interest

a) All Bidders pursuant to this Part shall disclose in their bid submission documents the names of each individual who has a beneficial interest of more than 7 1/2 percent in the enterprise bidding on the contract. (Section 6-1 of the Illinois Purchasing Act, Ill. Rev. Stat. 1983, ch. 127, par. 132.6 -1).

b) A corporation shall disclose in its bid submission documents the names of all officers and directors.

c) Each Bidder shall notify the Secretary of State of any changes in its ownership or officers when such change occurs.

Ill. Admin. Code tit. 71, § 2000.25