Illinois Administrative Code
Title 92 - TRANSPORTATION
Part 653 - STATE OPERATING ASSISTANCE TO DOWNSTATE AREAS
Subpart E - AUDIT PROCEDURES/GRANT CLOSEOUT
Section 653.440 - Corrective Action by Participant

Universal Citation: 92 IL Admin Code ยง 653.440
Current through Register Vol. 48, No. 38, September 20, 2024

Whenever the independent audit, reconciliation process, or State Compliance Review discloses significant weaknesses, irregularities and areas of noncompliance (i.e., failure by the grantee to act in accordance with any of the terms and conditions of the grant contract or State law, including by way of example and information only and not by way of limitation, conflicts of interest, falsification of records or reports and inadequate internal controls), the participant shall correct the weaknesses, irregularities and noncompliance consistent with the corrective recommendations of the independent audit or State reconciliation. "Inadequate" means unable to meet the requirements of State laws, this Part, and the terms of the grant contract.

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