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91_SB1644
LRB9113032EGfg
1 AN ACT to amend the Illinois Grant Funds Recovery Act.
2 Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
4 Section 5. The Illinois Grant Funds Recovery Act is
5 amended by changing Section 5 as follows:
6 (30 ILCS 705/5) (from Ch. 127, par. 2305)
7 Sec. 5. Time limit on expenditure of grant funds.
8 Subject to the restriction of Section 35 of the State Finance
9 Act "An Act in relation to State finance", approved June 10,
10 1919, as amended, no grant funds may be made available for
11 expenditure by a grantee for a period longer than 4 years, 2
12 years except where the such grant funds are disbursed in
13 reimbursement of costs previously incurred by the grantee.
14 Any grant funds not expended or legally obligated by the end
15 of the grant agreement, or during the time limitation to
16 grant fund expenditures set forth in this Section, must be
17 returned to the grantor agency within 45 days, if the funds
18 are not already on deposit with the grantor agency or the
19 State Treasurer. Such returned funds shall be deposited into
20 the fund from which the original grant disbursement to the
21 grantee was made.
22 At the request of the grantee under any grant agreement
23 with the Capital Development Board that is in effect on the
24 effective date of this amendatory Act of the 91st General
25 Assembly, the Board shall amend the agreement to extend any
26 2-year spending, obligation, or completion deadline included
27 in the agreement for an additional 2 years to reflect the
28 change made to this Section by this amendatory Act.
29 (Source: P.A. 83-640.)
30 Section 99. Effective date. This Act takes effect upon
-2- LRB9113032EGfg
1 becoming law.