(30 ILCS 740/4-4) (from Ch. 111 2/3, par. 699.15)
Sec. 4-4.
(a) The Department may make grants to any participant for
an amount not to exceed the authorized percentage of eligible grant
activity expenditures as set forth in UMTA Section 9, upon the participant
paying or committing for payment funds which, together with funds available
under this Article, will be sufficient to meet the total eligible
expenditures, as set forth in the agreement between the Department and
the participant.
(b) Grant payment and reimbursement shall not exceed the difference
between the total of eligible expenses for the project and the amounts
received by the participant for such project from any other source.
(c) Each participant receiving operating assistance shall, no later than
30 days following the end of each quarter of each federal fiscal year, file
with the Department on forms determined by the Department a report of
actual operating revenues and expenses experienced during that quarter, and
a narrative report of other eligible grant activities up to the end of that
quarter. The Department shall, upon receipt of the quarterly report, pay
to the participant such portion of its operating deficits as the Department
determines to have been incurred in conformity with this Section.
(Source: P.A. 86-16.)
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