Illinois Administrative Code
Title 32 - ENERGY
Part 120 - ADMINISTRATION OF THE COAL GRANT PROVISIONS OF THE ILLINOIS RESOURCE DEVELOPMENT AND ENERGY SECURITY ACT
Section 120.130 - Grant Agreement
Universal Citation: 32 IL Admin Code ยง 120.130
Current through Register Vol. 47, No. 52, December 29, 2023
a) When a grant has been awarded, the grantee and the Department shall execute an Agreement. The Agreement shall be executed between the grantee and the Director or the Director's designee on behalf of the Department.
b) The 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 General Assembly;
5) A promise by the grantee not to assign or
transfer any of the rights, duties or obligations of the grantee without the
written consent of the Department;
6) A promise by the grantee not to amend the
Agreement without the written consent of the Department. Failure to do so will
result in a cost disallowance. The project must be completed by the completion
date in the Agreement unless a written request for an extension is submitted no
later than 30 days prior to the award completion date;
7) A covenant that the grantee shall expend
the grant amount and any accrued interest only for the purposes of the project
as stated in the Agreement and approved by the Department;
8) A covenant that the grantee shall refrain
from entering 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
9) A covenant that no grant funds will be
disbursed until the eligible business has satisfactorily demonstrated to the
Department that the revenue stream will be sufficient to service the debt on
General Obligation Bonds issued in support of the project.
Amended at 29 Ill. Reg. 1195, effective January 5, 2005
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.