Sec. 3-1.09. "Eligible administrative expenses" means those expenses required to provide public transportation, other than those defined as "eligible operating expenses" in.

214 words·~1 min read·/il/chapter-30/act-740/3-1-09

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Sec. 3-1.09. "Eligible administrative expenses" means those expenses required to provide public transportation, other than those defined as "eligible operating expenses" in Section 3-1.04 of this Act, including, but not limited to, general, administrative and overhead costs such as salaries of the project director, office personnel such as secretary and bookkeeper, office supplies, facilities, rental, insurance, marketing, and interest on short-term loans for operating assistance. "Eligible administrative expenses" shall not include allowances:

(a)for depreciation whether funded or unfunded;

(b)for amortization of any intangible costs;

(c)for debt service on capital acquired with the assistance of capital grant funds provided by the State of Illinois;

(d)for profits or return on investments;

(e)for excessive payment to associated entities;

(f)for costs reimbursed under Sections 6 and 8 of the "Urban Mass Transportation Act of 1964", as amended;

(g)for entertainment expenses;

(h)for charter expenses;

(i)for fines and penalties;

(j)for charitable donations;

(k)for interest expense on long term borrowing and debt retirement other than on publicly owned equipment or facilities;

(l)for income taxes;

(m)for those expenses defined as "eligible operating expenses" under Section 3-1.04 of this Article; or

(n)for such other expenses as the Department may determine consistent with federal Department of Transportation regulations and requirements.