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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