The total amount of a grant to an eligible developer shall not exceed the lesser of: (1) $3,000,000 in each State fiscal year; or (2) the total amount of infrastructure costs incurred by the eligible developer with respect to a project that is the subject of an agreement. No eligible developer shall receive moneys that are attributable to a project that is not the subject of the developer's agreement with the Department.
30 ILCS 743/25
Limitation on grant amounts
Known as the Intermodal Facilities Promotion Act
The act spans §§ 30-743-1 to 30-743-99 (10 sections).
P.A. 96-602, eff. 8-21-09.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.