Ill. Admin. Code tit. 92, § 5.200 - Conflicts of Interest
a)
Members of the Committee cannot be related in any way to or involved with an
entity submitting an application for a loan, may not be in a position of
authority to participate personally and substantially in the decision to award
a State contract or with oversight relative to the procurement process for the
State, nor may a member have a material, personal, financial or fiduciary
interest that would affect his/her participation on the Committee.
b) The Fund Control Agent or Agents cannot be
related in any way to or involved with an entity that has been approved for a
loan, may not be in a position of authority to participate personally and
substantially in the decision to award a State contract or with oversight
relative to the procurement process for the State, nor may a member have a
material, personal, financial or fiduciary interest that would affect his/her
participation in the program.
c)
Members of the Committee and the Fund Control Agent or Agents are required to
report to the Department 's ethics officer any situation that might indicate a
conflict of interest or create the appearance of a conflict.
Notes
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