Illinois Administrative Code › Title 44 - GOVERNMENT CONTRACTS, GRANTMAKING, PROCUREMENT AND PROPERTY MANAGEMENT › Part 1400 - PROCUREMENT › Subpart J - ETHICS › Section 1400.5035 - Disclosure of Financial Interests and Potential Conflicts of Interest

Current through Register Vol. 48, No. 28, July 12, 2024
a) All offers from
				responsive offerors with an annual value of more than the small purchase
				threshold then in effect pursuant to Section
				1400.2020(a)
				must be accompanied by disclosure of the financial interests of the offeror.
				The financial disclosure of each successful offeror must be made part of the
				procurement. Disclosures are not required for sole source and emergency
				contracts, but shall be obtained in whole or in part when practical and when
				the annual value exceeds the small purchase threshold then in effect pursuant
				to Section 1400.2020(a).
b) Disclosure by the offerors must include
				any ownership or distributive income share that is in excess of 5%, or an
				amount greater than 60% of the annual salary of the Governor, of the offering
				entity or its parent entity ("parent entity" meaning an entity that owns 100%
				of the bidding entity), whichever is less, unless the offeror:
1) is a publicly traded entity subject to
				Federal 10K reporting, in which case it may submit its 10K disclosure in place
				of the prescribed disclosure, or:
2) is a privately held entity that is exempt
				from Federal 10k reporting but has more than 100 shareholders, in which case it
				may submit the information that Federal 10k reporting companies are required to
				report under 17 CFR
				229.401 and list the names of any person or
				entity holding any ownership share that is in excess of 5% in place of the
				prescribed disclosure.
3) The Chief
				Procurement Officer will prescribe the form, which must include at least the
				names, addresses, and dollar or proportionate share of ownership of each person
				identified in this Section, their instrument of ownership or beneficial
				relationship, and notice of any potential conflict of interest resulting from
				the current ownership or beneficial relationship of each person identified in
				this Section having, in addition, any of the following relationships:
A) State employment, currently or in the
				previous 3 years, including contractual employment services.
B) State employment of spouse, father,
				mother, son, or daughter, including contractual employment for services in the
				previous 2 years.
C) Elective
				status: the holding of elective office of the State of Illinois, the government
				of the United States, any unit of local government authorized by the
				Constitution of the State of Illinois or the statutes of the State of Illinois
				currently or in the previous 3 years.
D) Relationship to anyone holding elective
				offices currently or in the previous 2 years: spouse, father, mother, son, or
				daughter.
E) Appointive office: the
				holding of any appointive government office of the State of Illinois, the
				United States of America, or any unit of local government authorized by the
				Constitution of the State of Illinois or the statutes of the State of Illinois,
				which office entitles the holder to compensation in excess of expenses incurred
				in the discharge of that office currently or in the previous 3 years.
F) Relationship to anyone holding appointive
				office currently or in the previous 2 years: spouse, father, mother, son, or
				daughter.
G) Employment, currently
				or in the previous 3 years, as or by any registered lobbyist of the State
				government.
H) Relationship to
				anyone who is or was a registered lobbyist in the previous 2 years; spouse,
				father, mother, son, or daughter.
I) Compensated employment, currently or in
				the previous 3 years, by any registered election or re-election committee
				registered with the Secretary of State or any county clerk in the State of
				Illinois, or any political action committee registered with either the
				Secretary of State or the Federal Board of Elections.
J) Relationship to anyone (spouse, father,
				mother, son, or daughter) who is or was a compensated employee in the last 2
				years of any registered election or re-election committee registered with the
				Secretary of State or any county clerk in the State of Illinois, or any
				political action committee registered with either the Secretary of State or the
				Federal Board of Elections.