Illinois Administrative Code
Title 71 - PUBLIC BUILDINGS, FACILITIES AND REAL PROPERTY
Part 41 - GRANT AGREEMENT PROCEDURES
Section 41.115 - Fidelity Bond

Universal Citation: 71 IL Admin Code ยง 41.115

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

CDB may require a grantee to obtain a fidelity bond in the amount of 125% of the grant amount. In making the determination whether a bond shall be required, CDB shall consider one or more of, but will not be limited to, the following:

a) The size of the grant;

b) The nature of the project;

c) Whether the grantee is a unit of government or a private entity; or

d) The grantee's past experience in similar projects or financial matters.

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.