Ill. Admin. Code tit. 41, § 296.75 - Disbursement of Grant Funds
a) A
minimum of 50% of a grant awarded by the Office will be paid in advance to the
grant recipient after the grant agreement is fully executed in accordance with
the policies and procedures of the Office of the State Fire Marshal and the
Illinois Comptroller's Office.
b)
The remainder of the grant award will be made subject to the grant recipient's
submission and certification of eligible costs incurred, along with any
documentation required by the Office. Expenditure of grant funds advanced
pursuant to this Part to the grant recipient cannot be claimed for
reimbursement payments. However, the grant project may be funded by other
grants so long as the same expenses sought for payment are not being reimbursed
or covered a second time.
c) Grant
funds paid in advance must be kept in a separate interest-bearing account with
a federally or Illinois regulated financial institution that is insured with
the Federal Deposit Insurance Corporation (FDIC), and maintained therein until
used in the execution of the approved project. All interest earned on grant
funds held by a grant recipient shall become part of the grant principal when
earned, and be used for and in the same manner as the principal to fulfill the
purposes and objectives of the grant.
d) Pursuant to Section 45 of the State
Finance Act [30 ILCS 105/45 ], for grants of
$250,000 or more awarded to a grant recipient for capital construction costs or
professional services, the grant recipient must provide written
certification that the grant recipient is in compliance with the business
enterprise program (BEP) practices for minority-owned businesses, woman-owned
businesses, and businesses owned by persons with disabilities of the Business
Enterprise for Minorities, Women, and Persons with Disabilities Act
[30 ILCS 575] and the equal employment practices of Section 2-105 of
the Illinois Human Rights Act [775 ILCS
5/2-105 ]).
Notes
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