Ill. Admin. Code tit. 71, § 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.
Notes
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