Illinois Administrative Code (Last Updated: March 27, 2024) |
TITLE74. PUBLIC FINANCE |
PART1100. ILLINOIS FINANCE AUTHORITY |
SUBPARTD. ILLINOIS DEVELOPMENT ACTION GRANT PROGRAM |
§1100.470. Grant Monitoring and Recovery
Latest version.
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The Authority retains the right to rescind program grants and require the repayment of grants already disbursed if it finds that the municipality or other project participant is misusing program funds or is not complying with the terms of these regulations, the grant agreement, or applicable law all as provided in the grant agreement. Grant recoveries shall be conducted in accordance with the Illinois Grant Funds Recovery Act.
(Source: Recodified from 14 Ill. Adm. Code 1200.430 at 31 Ill. Reg. 12104)