# 14 Ill. Adm. Code 691.40: Section 691.40 Qualified Partners

> Illinois · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T14_P691_S691_40

## Section

- **Citation:** 14 Ill. Adm. Code 691.40
- **Heading:** Section 691.40 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 SUBTITLE C: ECONOMIC DEVELOPMENT / CHAPTER I: DEPARTMENT OF COMMERCE AND ECONOMIC OPPORTUNITY / Part 691 BACK TO BUSINESS GRANT PROGRAM / Section 691.40 Qualified Partners

## Text

Section 691.40  Qualified Partners
a)         The
Department may enter into grant agreements, contracts, or intermediary
agreements with Qualified Partners to implement the Program. 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. The nature of the services provided by a Qualified
Partner shall determine whether the arrangement is a grant, procurement, or other
relationship.
b)         A
Qualified Partner shall operate as a non-profit 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 Qualified Business' eligibility for
financial assistance and monitoring Program Participants for compliance with
Program requirements.
d)         In
accordance with 20 ILCS 605/605-1050(h), 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 691.10 Section 691.10  Purpose](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T14_P691_S691_10.md)
- [14 Ill. Adm. Code 691.20 Section 691.20  Definitions](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T14_P691_S691_20.md)
- [14 Ill. Adm. Code 691.30 Section 691.30  GATA Requirements](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T14_P691_S691_30.md)
- [14 Ill. Adm. Code 691.40 Section 691.40  Qualified Partners](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T14_P691_S691_40.md)
- [14 Ill. Adm. Code 691.50 Section 691.50  Prioritization](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T14_P691_S691_50.md)
- [14 Ill. Adm. Code 691.60 Section 691.60  Disproportionately Impacted Areas](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T14_P691_S691_60.md)
- [14 Ill. Adm. Code 691.70 Section 691.70  Eligible Applicants](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T14_P691_S691_70.md)
- [14 Ill. Adm. Code 691.80 Section 691.80  Form of Financial Assistance](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T14_P691_S691_80.md)
- [14 Ill. Adm. Code 691.90 Section 691.90  Financial Assistance Application Process](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T14_P691_S691_90.md)
- [14 Ill. Adm. Code 691.100 Section 691.100  Selection Process](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T14_P691_S691_100.md)
- [14 Ill. Adm. Code 691.110 Section 691.110  Allowable Expenditures](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T14_P691_S691_110.md)
- [14 Ill. Adm. Code 691.120 Section 691.120  Reporting Requirements](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T14_P691_S691_120.md)
- [14 Ill. Adm. Code 691.130 Section 691.130  Recordkeeping Requirements](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T14_P691_S691_130.md)
- [14 Ill. Adm. Code 691.140 Section 691.140  Noncompliance](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T14_P691_S691_140.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T14_P691_S691_40. Check the current official text before relying on it. Not legal advice.