Ill. Admin. Code tit. 32, § 120.130 - Grant Agreement
a) When a
grant has been awarded, the grantee and the Department shall execute an
Agreement. The Agreement shall be executed between the grantee and the Director
or the Director's designee on behalf of the Department.
b) The Agreement shall contain substantive
provisions, including, but not limited to, the following:
1) A recitation of legal authority pursuant
to which the Agreement is made;
2)
An identification of the project scope and schedule, and the work or services
to be performed or conducted by the grantee;
3) An identification of the grant
amount;
4) The conditions and
manner in which the Department shall pay the grant amount subject at all times
to annual appropriation by the General Assembly;
5) A promise by the grantee not to assign or
transfer any of the rights, duties or obligations of the grantee without the
written consent of the Department;
6) A promise by the grantee not to amend the
Agreement without the written consent of the Department. Failure to do so will
result in a cost disallowance. The project must be completed by the completion
date in the Agreement unless a written request for an extension is submitted no
later than 30 days prior to the award completion date;
7) A covenant that the grantee shall expend
the grant amount and any accrued interest only for the purposes of the project
as stated in the Agreement and approved by the Department;
8) A covenant that the grantee shall refrain
from entering into any written or oral agreement or understanding with any
party that might be construed as an obligation of the State of Illinois or the
Department for the payment of any funds under the Act; and
9) A covenant that no grant funds will be
disbursed until the eligible business has satisfactorily demonstrated to the
Department that the revenue stream will be sufficient to service the debt on
General Obligation Bonds issued in support of the project.
Notes
Amended at 29 Ill. Reg. 1195, effective January 5, 2005
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