TITLE 14: COMMERCE
SUBTITLE C: ECONOMIC DEVELOPMENT CHAPTER I: DEPARTMENT OF COMMERCE AND ECONOMIC OPPORTUNITY PART 510 ILLINOIS PROMOTION ACT PROGRAMS SECTION 510.220 ELIGIBLE USES OF GRANT AND LOAN FUNDS
Section 510.220 Eligible Uses of Grant and Loan Funds
a) Eligible Projects and Activities – The Program shall provide grants and loans to eligible Applicants for Projects and activities including, but not limited to, the following:
1) Capital Projects – land and building acquisition, construction and renovation of buildings for the purpose of creating or enhancing a Tourism Attraction;
2) Equipment – purchase and installation of machinery and equipment designed to create or enhance the Tourism Attraction, or rental of equipment for a Festival;
3) Training – development and presentation of hospitality, quality service and/or other types of tourism training programs intended to provide a competitive workforce for the tourism industry of Illinois;
4) Interpretive Programs – creation, implementation and staffing of, and fabrication of exhibits for, interpretive programs located within historic/cultural sites.
b) Ineligible Projects and Activities – Projects and activities ineligible for funding include, but are not limited to, the following:
1) Debt refinancing;
2) Contingency funding;
3) Normal operating expenses; and
4) Administrative expenses except administrative expenses to hire temporary staff for Festivals; and
5) Purchase of alcoholic beverages.
(Source: Amended at 46 Ill. Reg. 11991, effective July 1, 2022) |