FY27 CDFA Annual Membership

The State of Illinois, through the ENTREPINNOTECH420 - Entrepreneurship, Innovation & Technology department, awarded an Open Market Small Purchase contract to the Council of Development Finance Agencies on July 16, 2026. The contract value is $2,750.00 and covers a one-year period of performance, with completion scheduled for July 16, 2026. The sole deliverable under this contract is an annual membership to the Council of Development Finance Agencies (CFDA) for Fiscal Year 2027, with a unit price of $2,750.00 per year.

This contract is governed by the State of Illinois Chief Procurement Office General Services Standard Terms and Conditions (Version 23.2), which establish uniform contractual requirements for all state procurements. The awardee is required to comply with all applicable federal, state, and local laws; maintain general commercial liability insurance of $1,000,000 per occurrence; and adhere to the State Prompt Payment Act for payment processing. The State reserves the right to terminate the contract for cause with written notice or for convenience with thirty days' notice, and maintains authority to suspend performance due to appropriation failures or budgetary constraints.