Definitions

20 ILCS 692/5
in effect
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(20 ILCS 692/5) Sec. 5. Definitions. In this Act: "Agency" means the same as in Section 1-20 of the Illinois Administrative Procedure Act. "Joint Committee" means the Joint Committee on Administrative Rules. "Small business" means any for profit entity, independently owned and operated, that grosses less than $4,000,000 per year or that has 50 or fewer full-time employees. For the purposes of this Act, a "small business" has its principal office in Illinois. "Department" means the Department of Commerce and Economic Opportunity. (Source: P.A. 93-318, eff. 1-1-04; 94-793, eff. 5-19-06.)
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.ilga.gov/legislation/ilcs/ilcs.aspFetched: 10/17/2026