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Code · Illinois · Chapter 30 — FINANCE · Act 743

Sec. 25. Limitation on grant amounts.

78 words·~1 min read·/il/chapter-30/act-743/25

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Sec. 25. Limitation on grant amounts. The total amount of a grant to an eligible developer shall not exceed the lesser of:
(1)$3,000,000 in each State fiscal year; or
(2)the total amount of infrastructure costs incurred by the eligible developer with
respect to a project that is the subject of an agreement.
No eligible developer shall receive moneys that are attributable to a project that is not the subject of the developer's agreement with the Department.
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