Section 145.60  Determination of Loan and Grant Amounts

a)         The amount of each loan provided pursuant to this Part shall be based on allowable expenses identified in the district's application, the estimated insurance proceeds to be realized, and the yield from the tax levied as provided in this Part.

b)         The amount of each grant provided pursuant to this Part shall be based on the amount by which allowable expenses identified in the application exceed the total of the estimated insurance proceeds and the yield of the tax over a seven-year period.

(Source:  Added at 22 Ill. Reg. 19777, effective October 30, 1998)