Ill. Admin. Code tit. 47, § 380.201 - Distribution of Annual Receipts
The Authority shall distribute funds from Annual Receipts in accordance with the following priorities:
a) To the Authority for its administrative
fee.
b) To Municipalities.
1) Each Municipality must use at least 10% of
its Fund Distribution for an LTOS Program.
2) Each Municipality shall distribute the
balance of its Fund Distribution to its Reserve Fund and one or more designated
non-profit organizations that meet the requirements for an LAA and that will
serve as an LAA for the Municipality.
c) To fund the Authority's Reserve Fund, as
provided in Section
380.205.
d) After distributing the amounts listed in
subsections (a), (b) and (c), the Authority shall use at least 10% of the
remaining amount of the Annual Receipts for an LTOS Program, which the
Authority shall allocate through a competitive Application process, as
described in Subpart F, for Projects to be located outside the
Municipalities.
e) The balance of
the Annual Receipts shall be distributed to Suburban Areas, Small Metropolitan
Areas and Rural Areas.
Notes
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