Current through Register Vol. 47, No. 25, June 23, 2023
a) The Grantee shall provide Matching Funds to be expended towards the
Total Project Cost that are:
1) Under the control of the Grantee. For
purposes of the Grant, control shall mean that the Grantee can successfully demonstrate the following control
and accountability requirements:
A) The Grantee's chief executive officer
maintains responsibility for establishing review and approval policies and procedures with respect to the
Grantee's daily operations; and
B) The Grantee's chief executive
officer has approval authority for expenses charged to the Grantee's operating budget and approval over the
Grantee expenses attributable to the Grant. Within this requirement, the Grantee's chief executive officer
must be the person that reviews and approves the payment of invoices related to the grant and match
expenditures.
2) Identified in the Applicant's grant
application for the applicable Fiscal Year.
3) Expended during
the applicable grant award period.
4) Supported by records of
deposit and documentation of Eligible Expenditures.
5) Necessary
and irrevocably obligated and used towards completion of the Project.
b) Each Grantee shall provide matching funds equal to no less than 50% of
the Grant Amount. If Grantee fails to match any portion of the grant award in a given Fiscal Year, that
portion of the grant shall be refunded to the Department in accordance with the terms of the Grant Agreement.
In-kind contributions shall not exceed 25% of Matching Funds.
c)
Allowable Matching Funds include:
1) Local hotel/motel taxes;
2) Membership dues;
3) Interest
earned on local monies and Grant Funds;
4) Cash
contributions;
5) Federal dollars deposited directly to the
Grantee for tourism promotion purposes that do not require a match; and
6) In-kind Contributions necessary to complete the Project. In-kind
Contributions shall not exceed 25% of the match requirement.
d) Ineligible Match: The following monies shall not be considered Matching
Funds and may not be used as a match for Grant Funds:
1) Costs incurred or
funds expended outside the grant term identified in the Grant Agreement unless those costs are approved by
the Director as otherwise being compliant with this Part and consistent with the purposes of the
Statute;
2) Funds from any other Department funded grant program,
regardless of whether the other grant funds were awarded and expended to further the Project;
3) Funds used to match any other State and/or federal grants;
4) Penalties, fines, late payment fees or interest charges; and
5) Purchase of alcohol beverages.
Amended at 38 Ill. Reg. 3577, effective January 23,
2014
