Illinois Administrative Code (Last Updated: March 27, 2024) |
TITLE14. COMMERCE |
PART510. ILLINOIS PROMOTION ACT PROGRAMS |
SUBPARTB. TOURISM MARKETING PARTNERSHIP PROGRAM |
§510.150. Matching Funds
Latest version.
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As provided for in Section 510.140, the Grantee shall provide Matching Funds to the Total Project Cost that:
a) Are identified in the budget of the Grant Agreement;
b) In no case shall be less than 50 percent of the Total Project Cost;
c) Are not funds from other Department funded grant programs or funds used to match any other grants; and
d) Are necessary and irrevocably obligated to the Project.
(Source: Amended at 32 Ill. Reg. 13443, effective July 29, 2008)