Sec. 2. Definitions.

198 words·~1 min read·/il/chapter-30/act-705/2

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Sec. 2. Definitions. The following terms when used in this Act shall have the meanings ascribed to them in this Section:

(a)"Grantor agency" is any agency of State government which dispenses grant funds.

(b)"Grant funds" are any public funds dispensed by a grantor agency to any person or entity for obligation, expenditure, or use by that person or entity for a specific purpose or purposes. Funds disbursed by the State Comptroller pursuant to an appropriation made by the General Assembly to a named entity or person are not grant funds for purposes of this Act. Funds disbursed in accordance with a fee for service purchase of care contract are not grant funds for purposes of this Act.

Neither the method by which funds are dispensed whether by contract, agreement, grant subsidy, letter of credit, or any other method nor the purpose for which the funds are used can change the character of funds which otherwise would be considered grant funds as defined in this Section.

(c)"Grantee" means the person or entity which may use grant funds.

(d)"Institution of higher education" means any institution which is authorized to grant degrees within the State of Illinois.