Sec. 9-6. Technical Assistance Grants.
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/il/chapter-30/act-750/9-6·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 9-6. Technical Assistance Grants. Any grant made pursuant to this Article shall:
(a)Be made only if a recipient not-for-profit organization also provides a portion of the financing with respect to the technical assistance project. The participating not-for-profit organization's financing may be in the form of cash or in-kind services or any other form approved by the Department;
(b)Be made only if the Department determines, on the basis of all information available to it, that the technical assistance project would not be undertaken unless the grant is provided;
(c)Be made only after the Department has made a determination that the grant will cause a technical assistance project to be undertaken which has the potential to improve the capital marketplace structure or to reduce information barriers that are impediments to the flow of capital.