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(30 ILCS 120/12)
(from Ch. 85, par. 662)
On or before October 15 of each year, the president and
secretary of each county fair claiming state aid shall have postmarked to or shall file with the
Department a fiscal accounting of the expenditure of the grant monies received
under Section 10 and a sworn statement of the actual amount of cash premiums paid
at the fair that year. The sworn statement shall state the following:
a) That all gambling and gambling devices which are
declared unlawful by laws of Illinois and the sale of alcoholic liquors other than beer have been prohibited and excluded from the grounds of the fair and from adjacent grounds under the fair's authority, during the fair and at all other times when the fair grounds or adjacent grounds are in the possession of and under the immediate control and supervision of the fair officials.
b) That all receipts from any source other than
admissions to the grandstand and entry fees for races, not necessary for the payment of labor and advertising, have been prorated among all other claims and expenses or that all other claims and expenses have been paid in full.
The statement shall correspond with the published offer of premiums,
and shall be accompanied by an itemized list of all premiums paid upon
the basis of the premiums provided, a copy of the published premium list
of the fair, and a full statement of receipts and expenditures for the
current year that has been duly verified by the president and secretary
of the fair.
The Department may within the period not to exceed 30 days after a
fair has filed its claim pay 75% of the fair's authorized base amount if
the claim for premiums filed is equal to or exceeds such fair's
authorized base for that year. If the claim filed is less than the
fair's authorized base, the Department shall only pay 75% of the amount
of the claim filed. Should the amount paid a fair exceed the amount
authorized after the final audit of such claim, then the fair shall
within 30 days after notice by the Department pay to the Department the
difference between the amount received and the amount as approved for such
fair in the final audit as long as funds are available.
(Source: P.A. 94-261, eff. 1-1-06.)