Ill. Admin. Code tit. 23, § 1031.60 – Use of Grant Funds | Midpage
§ 1031.60
Ill. Admin. Code tit. 23, § 1031.60
Use of Grant Funds
AUTHORITY: Implementing and authorized by the Private Colleges and Universities Capital Distribution Formula Act [30 ILCS 769/25], Build Illinois Act [30 ILCS 750], and Section 4 of the Build Illinois Bond Act [30 ILCS 425].BOARD OF HIGHER EDUCATION
a) Grant funds may be used for services and goods directly related to an eligible capital project that are not prohibited by subsection (c).
b) Grants will be awarded only for capital projects as defined in Section 1031.20.
c) Grant funds shall not be used for the following:
1) Any spending barred by the Act;
2) Expenses incurred prior to the execution of a grant agreement;
3) Capital projects built on leased property;
4) Operational and administrative expenses (e.g., travel, recurring supplies or other recurring expenditures);
5) Indirect costs;
6) Expenditures for leasing or rental of equipment and/or capital facilities;
7) Decorative models, plaques and other commemorative memorabilia;
8) Commodity-type consumable items having a relatively brief expected useful life (e.g., books, instructional consumables); or
9) Expenditures for services or goods not directly associated with an eligible capital project.