Section 510.240  Funding Limitation

a)         For grants awarded under Section 8a(1) of the Act, the Department shall provide no more than 50 percent of the entire amount of actual expenditures for a single Project, with grants not to exceed $1,000,000.

b)         For grants awarded under Section 8a(2) of the Act, the Department shall provide no more than 75 percent of the entire amount of actual expenditures for a single Project, with grants not to exceed $1,000,000.

c)         For grants awarded under Section 8a(1) and 8a(2) of the Act to for profit businesses, the Department shall provide no more than 25 percent of the entire amount of actual expenditures for a single Project, with grants not to exceed $1,000,000.

(Source:  Amended at 46 Ill. Reg. 11991, effective July 1, 2022)