§ 510.150

Ill. Admin. Code tit. 14, § 510.150

Matching Funds

Effective Jul 29, 200832 Ill. Reg. 13443AUTHORITY: Implementing Section 8a of the Illinois Promotion Act [20 ILCS 665/8a] and Section 8.25 of the State Finance Act [30 ILCS 105/8.25] and authorized by Section 9 of the Illinois Promotion Act [20 ILCS 665/9].DEPARTMENT OF COMMERCE AND ECONOMIC OPPORTUNITY

a) Are identified in the budget of the Grant Agreement;
b) In no case shall be less than 50 percent of the Total Project Cost;
c) Are not funds from other Department funded grant programs or funds used to match any other grants; and
d) Are necessary and irrevocably obligated to the Project.

As provided for in Section 510.140, the Grantee shall provide Matching Funds to the Total Project Cost that:

(Source: Amended at 32 Ill. Reg. 13443, effective July 29, 2008)