Illinois Administrative Code
Title 14 - COMMERCE
Part 510 - ILLINOIS PROMOTION ACT PROGRAMS
Subpart A - GENERAL PROGRAM PROVISIONS
Section 510.50 - Grant Agreement
Universal Citation: 14 IL Admin Code ยง 510.50
Current through Register Vol. 48, No. 12, March 22, 2024
a) When an Application has been approved for funding, the Grantee and the Department shall execute a Grant Agreement. If the Project is initiated and costs are incurred before the Department approves the Application, the Department bears no responsibility for those costs in the event the Application is denied or the grant is funded at less than the amount requested.
b) The Grant Agreement shall contain substantive provisions, including, but not limited to, the following:
1) A recitation of legal authority pursuant
to which the agreement is made;
2)
An identification of the Project scope and schedule, and the work or services
to be performed or conducted by the Grantee;
3) An identification of the Grant
Amount;
4) The conditions and
manner in which the Department shall pay the Grant Amount subject at all times
to annual appropriation by the Illinois General Assembly;
5) The Grantee agrees to provide and pay the
applicable Matching Funds of the Total Project Cost;
6) The Grantee agrees not to assign or
transfer any of the rights, duties or obligations of the Grantee without the
written consent of the Department;
7) The Grantee agrees not to amend the
Project scope or budget without the Department's written consent. Failure to do
so will result in a cost disallowance. The Project must be completed by the end
date stated in the Grant Agreement unless a written modification request for an
extension of time is submitted before the grant end date and approved by the
Department;
8) The Grantee agrees
to expend the Grant Amount and any accrued interest only for the purposes of
the Project as stated in the Grant Agreement and approved by the
Department;
9) The Grantee agrees
not to enter into any written or oral agreement or understanding with any party
that might be construed as an obligation of the State of Illinois or the
Department for the payment of any funds under the Act; and
10) The Grantee agrees to acknowledge the
Department's participation in the Project by displaying the Department's
current logo and/or providing a statement that identifies the Project as being
developed and/or funded in cooperation with the Department/Office of Tourism.
Grantee's failure to utilize the Department logo correctly (e.g., size,
placement, etc.) or statement may result in a 10% deduction of the Total
Project Cost.
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