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Illinois Statutes Chapter 30. Finance § 743/25. Limitation on grant amounts

Current as of January 01, 2025 | Updated by Findlaw Staff

§ 25. Limitation on grant amounts. The total amount of a grant to an eligible developer shall not exceed the lesser of:

(1) $3,000,000 in each State fiscal year; or

(2) the total amount of infrastructure costs incurred by the eligible developer with respect to a project that is the subject of an agreement.

No eligible developer shall receive moneys that are attributable to a project that is not the subject of the developer's agreement with the Department.

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Cite this article: FindLaw.com - Illinois Statutes Chapter 30. Finance § 743/25. Limitation on grant amounts - last updated January 01, 2025 | https://codes.findlaw.com/il/chapter-30-finance/il-st-sect-30-743-25/

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