Financial Assistance Agreements

Section 367 Section 367.710  Financial Assistance Agreements In order to receive an Illinois Clean Lakes Program assistance award, a lake owner must enter into an intergovernmental financial assistance agreement (FAA) with the Agency.  The assistance agreement shall include, at a minimum, the following elements: a)         The agreement period; b)         A project description and scope of work; c)         A project schedule; d)         An identification of allowable project costs and associated cost-share rate; e)         Conditions for financial assistance; and f)         Signed certifications of the applicant's authority and involvement in the project.  (See Section 367.420(b) of this Part.)