TITLE 74: PUBLIC FINANCE
CHAPTER VIII: ILLINOIS FINANCE AUTHORITY
PART 1100 ILLINOIS FINANCE AUTHORITY
SECTION 1100.470 GRANT MONITORING AND RECOVERY


 

Section 1100.470  Grant Monitoring and Recovery

 

The Authority retains the right to rescind program grants and require the repayment of grants already disbursed if it finds that the municipality or other project participant is misusing program funds or is not complying with the terms of these regulations, the grant agreement, or applicable law all as provided in the grant agreement.  Grant recoveries shall be conducted in accordance with the Illinois Grant Funds Recovery Act.

 

(Source:  Recodified from 14 Ill. Adm. Code 1200.430 at 31 Ill. Reg. 12104)