Section 510.150  Matching Funds

As provided for in Section 510.140, the Grantee shall provide Matching Funds to the Total Project Cost that:

a)         Are identified in the budget of the Grant Agreement;

b)         In no case shall be less than 50 percent of the Total Project Cost;

c)         Are not funds from other Department funded grant programs or funds used to match any other grants; and

d)         Are necessary and irrevocably obligated to the Project.

(Source:  Amended at 32 Ill. Reg. 13443, effective July 29, 2008)