Illinois Administrative Code
Title 56 - LABOR AND EMPLOYMENT
Part 5410 - EMPLOYER TRAINING ASSISTANCE PROGRAM
Subpart C - SELECTION CRITERIA
Section 5410.390 - Disbursement of Proceeds

Upon approval of an Application for a Grant and execution of a Grant Agreement, and subject to the provisions of this Program, fifty percent (50%) of the funds to be provided by the Authority to the Applicant shall be immediately disbursed. The remaining fifty percent (50%) of the funds to be provided by the Authority shall be disbursed upon receipt of evidence that the employees who participated in the Training Program have been retained and are employed by the Applicant 90 days after completion of the Training Program. Upon approval of an Application for a Loan and execution of a Loan Agreement the funds to be provided by the Authority shall be immediately disbursed to the Applicant.