20 ILCS 700/ Technology Advancement and Development Act.

Updating the database of the Illinois Compiled Statutes (ILCS) is an ongoing process. Recent laws may not yet be included in the ILCS database, but they are found on this site as Public Acts soon after they become law. For information concerning the relationship between statutes and Public Acts, refer to the Guide.

Because the statute database is maintained primarily for legislative drafting purposes, statutory changes are sometimes included in the statute database before they take effect. If the source note at the end of a Section of the statutes includes a Public Act that has not yet taken effect, the version of the law that is currently in effect may have already been removed from the database and you should refer to that Public Act to see the changes made to the current law.

20 ILCS 700/Art. 4

(20 ILCS 700/Art. 4 heading) ARTICLE 4

GENERAL PROVISIONS

20 ILCS 700/4001

(20 ILCS 700/4001) (from Ch. 127, par. 3704-1)

Sec. 4001.

Third party award challenge.

Applicants denied funds by the
Department in accordance with the provisions of this Act shall not be
construed to be conveyed with the right to challenge the awarding of funds
by the Department to successful applicants, nor to challenge any loan or
other agreement executed in connection therewith.

(Source: P.A. 86-870.)

20 ILCS 700/4002

(20 ILCS 700/4002) (from Ch. 127, par. 3704-2)

Sec. 4002.

Confidentiality.

Any documentary materials or data made or
received by any member, agent or employee of the Department, consisting of
trade secrets, commercial or financial information regarding the operation of
any enterprise conducted by an applicant applying for funding under this
Act, or regarding the competitive position of such enterprise in a
particular field of endeavor, shall be deemed to be confidential and shall
not be deemed public records; provided, however, that if the Department
purchases a qualified security from such enterprise, the commercial and
financial information, excluding trade secrets, shall be deemed to become a
public record of the Department after expiration of 3 years from the date
of purchase of the qualified security to the extent that the information is
available to the holder of the qualified security. Information deemed
confidential under the provisions of this Section shall be exempt from
inspection or reproduction as provided under subsection (g) of Section 7 of The Freedom of
Information Act.

(Source: P.A. 86-870.)

20 ILCS 700/4003

(20 ILCS 700/4003) (from Ch. 127, par. 3704-3)

Sec. 4003.

Federal programs.

The Department is authorized to accept and
expend federal monies in furtherance of this Act and to use funds
appropriated under this Act for programs pending reimbursement from federal
funds, except that the terms and
conditions established under this Act, which are inconsistent with or
prohibited by the federal authorization under which such monies are made
available, shall not apply with respect to the expenditure of such monies.

(Source: P.A. 91-476, eff. 8-11-99.)

20 ILCS 700/4004

(20 ILCS 700/4004) (from Ch. 127, par. 3704-4)

Sec. 4004.

Disclaimer.

Recipients of funding provided under this Act
shall hold the State of Illinois and divisions thereof harmless for any and
all claims and actions based upon and arising out of any services performed
under the funding agreement by the recipient or the recipient's associates and employees.

(Source: P.A. 86-870.)

20 ILCS 700/4005

(20 ILCS 700/4005)

Sec. 4005. (Repealed).

(Source: P.A. 86-870. Repealed by P.A. 94-91, eff. 7-1-05.)