Illinois Administrative Code
Title 23 - EDUCATION AND CULTURAL RESOURCES
Part 1031 - JOINT RULES OF THE BOARD OF HIGHER EDUCATION AND THE CAPITAL DEVELOPMENT BOARD: INDEPENDENT COLLEGES CAPITAL INVESTMENT GRANT PROGRAM
Section 1031.60 - Use of Grant Funds

Universal Citation: 23 IL Admin Code ยง 1031.60

Current through Register Vol. 48, No. 38, September 20, 2024

a) Grant funds may be used for services and goods directly related to an eligible capital project that are not prohibited by subsection (c).

b) Grants will be awarded only for capital projects as defined in Section 1031.20.

c) Grant funds shall not be used for the following:

1) Any spending barred by the Act;

2) Expenses incurred prior to the execution of a grant agreement;

3) Capital projects built on leased property;

4) Operational and administrative expenses (e.g., travel, recurring supplies or other recurring expenditures);

5) Indirect costs;

6) Expenditures for leasing or rental of equipment and/or capital facilities;

7) Decorative models, plaques and other commemorative memorabilia;

8) Commodity-type consumable items having a relatively brief expected useful life (e.g., books, instructional consumables); or

9) Expenditures for services or goods not directly associated with an eligible capital project.

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