Section 1020.60  Conditions for Grants

a)         Application requirements.  To be eligible for a grant under this grant program, an institution shall submit the following documents:

1)         A certification of enrollments and graduates for the previous year.

2)         A certification of enrollments for the current year.

3)         A projection of future enrollments.

4)         A certification of minority enrollments and graduates for the previous year.

5)         A certification of minority enrollments for the current year.

6)         A projection of future minority enrollments.

7)         A report on the persistence, graduation rates and location and activity of the previous year's graduates.

8)         Certification of compliance with an open policy with respect to race, color, creed, sex and national origin.

9)         An audit of grants received in the previous year performed by an external auditor who is registered as a public accountant by the Illinois Department of Professional Regulation.  Section 1020.80 provides audit guidelines for external auditors to conduct the audit and prepare the audit report.

10)         An annual expenditure report detailing the use of grant funds.

b)         In the event that an audit or other evidence establishes that an overpayment was made in a grant to an institution, one of the following courses of action will be followed:

1)         A reduction will be made on the amount of the institution's grant in the following year.

2)         A reimbursement to the State shall be required.

c)         In the event that no audit is submitted, an institution shall reimburse the State for the total amount of the grant.

d)         Underpayments of a previous fiscal year's grant revealed by an audit shall not be disbursed to an institution in subsequent year grants.

(Source:  Amended at 30 Ill. Reg. 7745, effective April 5, 2006)