Illinois Administrative Code
Title 92 - TRANSPORTATION
Part 651 - CANNABIS BUSINESS INCUBATOR AND SPONSORSHIP PROGRAMS
Subpart C - REVIEW AND APPROVAL
Section 651.303 - Amounts of and Limits on Operating Assistance Grants

Universal Citation: 92 IL Admin Code ยง 651.303
Current through Register Vol. 48, No. 12, March 22, 2024

The Department is authorized under the Act to make operating assistance grants to any participant for an amount not to exceed 50% of the project operating deficit from the participant's approved program of proposed expenditures. The Department will make grants from apportioned funds for 50% of such deficits; however, if 50% of the total approved projected operating deficits of all participants from a region exceeds the total amount of funds apportioned to that region, then the Department will make grants from apportioned funds for less than 50% of such deficits to participants in that region. In such regions, available discretionary funds can be used by the Department for the purpose of supplementing a grant to be made to a participant from apportioned funds so that the total Section 18 operating assistance grant to such participant is closer to the full 50% of the participant's approved projected operating deficit.

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