TITLE 14: COMMERCE
SUBTITLE C: ECONOMIC DEVELOPMENT
CHAPTER I: DEPARTMENT OF COMMERCE AND ECONOMIC OPPORTUNITY
PART 510 ILLINOIS PROMOTION ACT PROGRAMS
SECTION 510.220 ELIGIBLE USES OF GRANT AND LOAN FUNDS


 

Section 510.220  Eligible Uses of Grant and Loan Funds

 

a)         Eligible Projects and Activities – The Program shall provide grants and loans to eligible Applicants for Projects and activities including, but not limited to, the following:

 

1)         Capital Projects – land and building acquisition, construction and renovation of buildings for the purpose of creating or enhancing a Tourism Attraction;

 

2)         Equipment – purchase and installation of machinery and equipment designed to create or enhance the Tourism Attraction;

 

3)         Training – development and presentation of hospitality, quality service and/or other types of tourism training programs intended to provide a competitive workforce for the tourism industry of Illinois;

 

4)         Studies – feasibility, research, development, and marketing studies dedicated to improving and developing tourism specific attractions; and

 

5)         Interpretive Programs – creation, implementation and staffing of, and fabrication of exhibits for, interpretive programs located within historic/cultural sites.

 

b)         Ineligible Projects and Activities – Projects and activities ineligible for funding include, but are not limited to, the following:

 

1)         Debt refinancing;

 

2)         Contingency funding;

 

3)         Normal operating expenses; and

 

4)         Administrative expenses.

 

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