Ill. Admin. Code tit. 14 § 510.240

Current through Register Vol. 48, No. 49, December 6, 2024

Section 510.240 - Funding Limitation

a) For grants awarded under Section 8a(1) of the Act, the Department shall provide no more than 50 percent of the entire amount of actual expenditures for a single Project, with grants not to exceed $1,000,000.

b) For grants awarded under Section 8a(2) of the Act, the Department shall provide no more than 75 percent of the entire amount of actual expenditures for a single Project, with grants not to exceed $1,000,000.

c) For grants awarded under Section 8a(1) and 8a(2) of the Act to for profit businesses, the Department shall provide no more than 25 percent of the entire amount of actual expenditures for a single Project, with grants not to exceed $1,000,000.

Ill. Admin. Code tit. 14, § 510.240

Amended at 32 Ill. Reg. 13443, effective July 29, 2008

Amended at 46 Ill. Reg. 11991, effective 7/1/2022