Sec. 125. Expenditures prior to grant execution; reporting requirements.
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/il/chapter-30/act-708/125A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 125. Expenditures prior to grant execution; reporting requirements.
(a)In the event that a recipient or subrecipient incurs expenses related to the grant award prior to the execution of the grant agreement but within the term of the grant, and the grant agreement is executed more than 30 days after the effective date of the grant, the recipient or subrecipient must submit to the State grant-making agency a report that accounts for eligible grant expenditures and project activities from the effective date of the grant up to and including the date of execution of the grant agreement.
(b)The recipient or subrecipient must submit the report to the State grant-making agency within 30 days of execution of the grant agreement.
(c)Only those expenses that are reasonable, allowable, and in furtherance of the purpose of the grant award shall be reimbursed.
(d)The State grant-making agency must approve the report prior to issuing any payment to the recipient or subrecipient.