(525 ILCS 25/7)
(from Ch. 19, par. 1407)
(a) The Agency shall grant funds to applicants on a priority
basis limited only by the availability of funds. Grants should be 50% of
the costs for Diagnostic and Feasibility Studies, and shall not exceed 50%
of the costs for either Long Term Restoration and Preservation Projects or
Water Quality Maintenance Programs. The Lake Owner shall be responsible
for financing the remainder of the costs for such studies, projects, and
programs. The Agency shall supervise and may audit the financing of any
study, project, or program implemented under this Act. All information
generated by any study, project, or program implemented under this Act
shall be provided to the Agency and the Lake Owner.
(b) Applications for Long Term Restoration Projects or Water Quality
Maintenance Programs must include the required outputs of a
Diagnostic and Feasibility Study.
(Source: P.A. 86-939.)