Illinois Compiled Statutes

20 ILCS 700/4002 (2026)

Confidentiality

✓ current as of May 2026
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(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.)

    
Notes of Decisions
Cited in 2 cases, 2003–2003 · leading case: Harwood v. McDonough, 799 N.E.2d 859 (Ill. App. Ct. 2003).
Harwood v. McDonough, 799 N.E.2d 859 (Ill. App. Ct. 2003). “[20 ILCS 700/4002 (West 2000).] Nothing contained in this paragraph (g) shall be construed to prevent a person or business from consenting to disclosure.”
Harwood v. McDonough (Ill. App. Ct. 2003). “[20 ILCS 700/4002 (West 2000).] Nothing contained in this paragraph (g) shall be construed to prevent a person or business from consenting to disclosure.”
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