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Elementary & Secondary Education Committee
Filed: 5/5/2010
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09600SB3460ham001 |
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LRB096 20611 NHT 39506 a |
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| AMENDMENT TO SENATE BILL 3460
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| AMENDMENT NO. ______. Amend Senate Bill 3460 on page 2, |
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| immediately below line 10, by inserting the following:
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| "(b-5) When grants are made to non-profit corporations for |
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| the acquisition or construction of new facilities, the Capital |
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| Development Board or any State agency it so designates shall |
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| hold title to the facility for a period of 10 years after the |
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| date of the grant award, after which title to the facility |
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| shall be transferred to the non-profit corporation, provided |
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| that the non-profit corporation has complied with the terms of |
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| its grant agreement. When grants are made to non-profit |
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| corporations for the purpose of renovation or rehabilitation, |
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| if the non-profit corporation does not comply with item (5) of |
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| subsection (b) of this Section, the Capital Development Board |
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| or any State agency it so designates shall recover the grant |
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| pursuant to the procedures outlined in the Illinois Grant Funds |
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| Recovery Act.".
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