Illinois Administrative Code
Title 14 - COMMERCE
Part 510 - ILLINOIS PROMOTION ACT PROGRAMS
Subpart E - MUNICIPAL CONVENTION CENTER AND SPORTS FACILITY INCENTIVE GRANT PROGRAM
Section 510.440 - Funding Limitations
Universal Citation: 14 IL Admin Code ยง 510.440
Current through Register Vol. 48, No. 12, March 22, 2024
a) The net proceeds received under the Hotel Operators' Occupation Tax Act for the same month in the three immediately preceding years must exceed the average of those three years in order to be reimbursed.
b) Grants shall not exceed 80% of the incentives amount provided by the unit of local government, municipal convention center, convention center authority or municipal sports facility.
c) In no event may the aggregate amount of grants awarded to a single municipal convention center, convention center authority or municipal sports facility exceed $200,000 in any calendar year.
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