§260.205. Ownership of Grounds

Expenditures for rehabilitation of fairgrounds, purchase of land, construction projects, maintenance projects and repair projects are eligible for reimbursement from rehabilitation funds when the fair association or agricultural society or State, city, village or county government body owns the fairgrounds or has a long-term lease for the use of the fairgrounds upon which the expenditures were made.  Except as allowed by the Director, if the fair association or agricultural society leases the fairgrounds, the lease shall be for a period of 20 years, the terms of which require the lessee to have continuous possession of the land during every day of the lease period,  and it shall contain a clause that those buildings constructed with rehabilitation funds shall be the property of the fair.  Should the lease be terminated before the expiration date, the ownership of the buildings and improvements constructed with, or equipment purchased with, rehabilitation funds lies with the fair association or agricultural society and the fair association or agricultural society has the right to remove buildings, improvements and equipment purchased with rehabilitation funds.

 

(Source:  Amended at 28 Ill. Reg. 11091, effective July 23, 2004)