Illinois Administrative Code
Title 17 - CONSERVATION
Part 3090 - RECREATIONAL TRAILS PROGRAM
Section 3090.80 - Sale or Transfer of Grant-Funded Property
Universal Citation: 17 IL Admin Code ยง 3090.80
Current through Register Vol. 48, No. 38, September 20, 2024
a) Real Property
1) If land purchased by grant funds is sold
or transferred by operation of law, other than transfer due to the death of the
grantee:
A) within 5 years after receipt of
grant funds, 100% of the grant funding or 100% of the sale price, whichever is
greater, must be paid back to the Fund;
B) in the 6th,
7th or 8th year after
receipt of grant funds, 80% of the grant funding or 80% of the sale price,
whichever is greater, must be paid back to the Fund;
C) in the 9th,
10th or 11th year after
receipt of grant funds, 60% of the grant funding or 60% of the sale price,
whichever is greater, must be paid back to the Fund;
D) in the 12th,
13th or 14th year after
receipt of grant funds, 30% of the grant funding or 30% of the sale price,
whichever is greater, must be paid back to the Fund; and
E) in the 15th
year or thereafter, no reimbursement to the Fund is required.
2) In cases of catastrophic
illness or injury to the grantee or principals of the grantee (e.g., spouses,
children and parents) the Director may modify the repayment provisions of
subsection (a)(1).
b) Personal Property
1) No personal property
purchased with grant funds shall be disposed of without the Department's
written consent, which will not be unreasonably withheld. Disposing of personal
property without written consent shall require repayment of the grant funding
used to purchase the property or the fair market value of the property,
whichever is deemed most appropriate by the Department.
2) Any insurance proceeds from personal
property that was purchased with grant funds and is accidentally destroyed must
be used to replace the destroyed personal property, unless the Department
concurs in writing that the insurance proceeds may be used for another
purpose.
Disclaimer: These regulations may not be the most recent version. Illinois may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
