CHAPTER I: ILLINOIS EMERGENCY MANAGEMENT AGENCY AND OFFICE OF HOMELAND SECURITY
SUBCHAPTER a: GENERAL ADMINISTRATION
PART 120 STATE NOT-FOR-PROFIT SECURITY GRANT PROGRAM
SECTION 120.60 AUDIT, GRANT FUND RECOVERY, AND RECORDS RETENTION
Section 120.60 Audit, Grant Fund Recovery, and Records Retention
a) Grant funds shall be used exclusively for the project identified in the grant application and shall be expended in accordance with this Part and the grant agreement.
b) Grantees shall maintain documentation of expenditures under the grant for a minimum of five years after the termination of the grant performance period. Documentation shall be maintained so that it is readily accessible during an audit.
c) The State of Illinois shall have the right to inspect equipment procured and to audit and obtain copies of the books, records, and any other recorded information of the grantee related to grantee expenses for which grantee received compensation under this Part.
d) The State of Illinois shall have the right of recovery of the grant funds in accordance with the provisions and procedures of the Illinois Grant Funds Recovery Act [30 ILCS 705], Grant Accountability and Transparency Act [30 ILCS 708], the GATA Rule, and the Agency GATA Rule.