Ill. Admin. Code tit. 29, § 310.70 - Audit and Grant Fund Recovery
a)
Grant funds shall be used exclusively for the purposes 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. 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 ].
Notes
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