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Code · Illinois · Chapter 30 — FINANCE · Act 765

Sec. 50. Termination of funds; procedures.

87 words·~1 min read·/il/chapter-30/act-765/50

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Sec. 50. Termination of funds; procedures.
(a)The Foundation may suspend or terminate funds it has authorized under this Act upon its determination that a recipient is not operating in compliance with the requirements of this Act.
(b)An action by the Foundation proposing to suspend or to terminate an existing grant of funds under this Act may not become final until the recipient has been afforded notice of the proposed action and the opportunity to be heard in accordance with the procedures established by the Foundation.
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