Ill. Admin. Code tit. 14, § 680.240 – Transferring of Bid Credits | Midpage
§ 680.240
Ill. Admin. Code tit. 14, § 680.240
Transferring of Bid Credits
Effective May 7, 202549 Ill. Reg. 7298AUTHORITY: Implementing and authorized by the Illinois Works Jobs Program Act [30 ILCS 559] and Section 605-55 of the Department of Commerce and Economic Opportunity Law [20 ILCS 605].DEPARTMENT OF COMMERCE AND ECONOMIC OPPORTUNITY
a) Bid credit certificates may be combined for a specific project.
b) Bid credits cannot be bought, sold, or gifted to another contractor or subcontractor.
c) Bid credits may be transferred to another entity through a merger or acquisition.
(Source: Added at 49 Ill. Reg. 7298, effective May 7, 2025)