Illinois Compiled Statutes 30 ILCS 743/25 – Limitation on grant amounts
Current as of: 2024 | Check for updates
|
Other versions
The total amount of a grant to an eligible developer shall not exceed the lesser of:
(1) $3,000,000 in each State fiscal year; or
(2) the total amount of infrastructure costs incurred
(1) $3,000,000 in each State fiscal year; or
Terms Used In Illinois Compiled Statutes 30 ILCS 743/25
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- State: when applied to different parts of the United States, may be construed to include the District of Columbia and the several territories, and the words "United States" may be construed to include the said district and territories. See Illinois Compiled Statutes 5 ILCS 70/1.14
(2) the total amount of infrastructure costs incurred
|
by the eligible developer with respect to a project that is the subject of an agreement.
|
No eligible developer shall receive moneys that are attributable to a project that is not the subject of the developer’s agreement with the Department.