Section 1100.440  Funding Restrictions and Eligible Costs

a)         No more than $1,000,000 in program funds may be awarded in any fiscal year to a single project.

b)         No more than $2,000,000 in aggregated program funds may be awarded in any fiscal year to projects developed or initiated by any single private sector developer.

c)         No program grant may be less than $30,000 in amount.

d)         Program funds shall be used only to pay for eligible project costs. Eligible project costs will be defined in the grant agreement.

(Source:  Recodified from 14 Ill. Adm. Code 1200.320 at 31 Ill. Reg. 12104)