# 14 Ill. Adm. Code 690.40: Section 690.40 Qualified Partners

> Illinois · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T14_P690_S690_40

## Section

- **Citation:** 14 Ill. Adm. Code 690.40
- **Heading:** Section 690.40 Qualified Partners
- **Jurisdiction:** Illinois
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Illinois Administrative Code / Title 14 COMMERCE / CHAPTER I: DEPARTMENT OF COMMERCE AND ECONOMIC OPPORTUNITY / Part 690 BUSINESS INTERRUPTION GRANT PROGRAM / Section 690.40 Qualified Partners

## Text

Section 690.40  Qualified Partners
a)         The
Department may enter into Grant Agreements, contracts, or intermediary
agreements with qualified partners to implement the Program. The nature of the
services provided by the qualified partner shall determine whether the
arrangement is a grant, procurement, or other relationship. The Department may
award grants to qualified partners to provide financial assistance to qualifying
businesses or contract with qualified partners to secure services to implement
the Program.
b)         A qualified
partner shall include a non-profit agency or organization registered to conduct
business in the State of Illinois or a financial institution that has
demonstrated experience providing financing or services to businesses or
residents located in disproportionately impacted areas.
c)         An
agreement with a qualified partner shall specify the qualified partner's
responsibility, if any, for determining eligibility for financial assistance
and monitoring BIG participants for compliance with Program requirements.
d)         Nothing
in this Part shall restrict the Department from securing services from entities
other than qualified partners to assist in implementing the Program.

## Nearby sections

- [14 Ill. Adm. Code 690.10 Section 690.10  Purpose](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T14_P690_S690_10.md)
- [14 Ill. Adm. Code 690.20 Section 690.20  Definitions](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T14_P690_S690_20.md)
- [14 Ill. Adm. Code 690.30 Section 690.30  GATA Requirements](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T14_P690_S690_30.md)
- [14 Ill. Adm. Code 690.40 Section 690.40  Qualified Partners](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T14_P690_S690_40.md)
- [14 Ill. Adm. Code 690.50 Section 690.50  Identifying Disproportionately Impacted Areas](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T14_P690_S690_50.md)
- [14 Ill. Adm. Code 690.60 Section 690.60  Form of Financial Assistance](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T14_P690_S690_60.md)
- [14 Ill. Adm. Code 690.70 Section 690.70  Financial Assistance Application Process](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T14_P690_S690_70.md)
- [14 Ill. Adm. Code 690.80 Section 690.80  Selection Process](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T14_P690_S690_80.md)
- [14 Ill. Adm. Code 690.90 Section 690.90  Eligibility Requirements and Allowable Expenditures](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T14_P690_S690_90.md)
- [14 Ill. Adm. Code 690.100 Section 690.100  Reporting, Cooperation, and Record Retention](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T14_P690_S690_100.md)
- [14 Ill. Adm. Code 690.110 Section 690.110  Noncompliance](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T14_P690_S690_110.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T14_P690_S690_40. Check the current official text before relying on it. Not legal advice.