The Department may:
         (1) make stewardship grants under Section 20 of this
    
Act under an appropriation made from the Natural Areas Acquisition Fund to conservation land trusts to conduct stewardship actions on eligible lands;
        (2) establish the total amount of funds available for
    
annual stewardship grants, except the amount of stewardship grants made for any fiscal year may not exceed the amount set by administrative rule and shall not result in adverse impacts on the operations funded by the Natural Areas Acquisition Fund;
        (3) accept and receive any funds including by
    
agreement, grant, contract, donation, gift, or bequest from any corporation, foundation, non-governmental agency, individual, or instrumentality of any of those for the purposes of executing stewardship grants under this Act and these funds are to be deposited into the Natural Areas Acquisition Fund;
        (4) develop and administer the Illinois Natural Areas
    
Stewardship Grant Program within the Department;
        (5) adopt rules to effectuate the purposes of this
    
Act; or
        (6) from an appropriation made to the Department for
    
this purpose, use funds received under this Act to pay for the cost of departmental personnel; contractual, professional or technical services; and equipment, materials, and supplies necessary or appropriate to perform the functions under this Act.

Terms Used In Illinois Compiled Statutes 525 ILCS 31/15

  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Bequest: Property gifted by will.
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • 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.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • individual: shall include every infant member of the species homo sapiens who is born alive at any stage of development. See Illinois Compiled Statutes 5 ILCS 70/1.36