Grant Agreement

Section 510 Section 510.50  Grant Agreement a)         When an Application has been approved for funding, the Grantee and the Department shall execute a Grant Agreement.  If the Project is initiated and costs are incurred before the Department approves the Application, the Department bears no responsibility for those costs in the event the Application is denied or the grant is funded at less than the amount requested. b)         The Grant Agreement shall contain substantive provisions, including, but not limited to, the following: 1)         A recitation of legal authority pursuant to which the agreement is made; 2)         An identification of the Project scope and schedule, and the work or services to be performed or conducted by the Grantee; 3)         An identification of the Grant Amount; 4)         The conditions and manner in which the Department shall pay the Grant Amount subject at all times to annual appropriation by the Illinois General Assembly; 5)         The Grantee agrees to provide and pay the applicable Matching Funds of the Total Project Cost; 6)         The Grantee agrees not to assign or transfer any of the rights, duties or obligations of the Grantee without the written consent of the Department; 7)         The Grantee agrees not to amend the Project scope or budget without the Department's written consent.  Failure to do so will result in a cost disallowance.  The Project must be completed by the end date stated in the Grant Agreement unless a written modification request for an extension of time is submitted before the grant end date and approved by the Department; 8)         The Grantee agrees to expend the Grant Amount and any accrued interest only for the purposes of the Project as stated in the Grant Agreement and approved by the Department; 9)         The Grantee agrees not to enter into any written or oral agreement or understanding with any party that might be construed as an obligation of the State of Illinois or the Department for the payment of any funds under the Act; and 10)        The Grantee agrees to acknowledge the Department's participation in the Project by displaying the Department's current logo and/or providing a statement that identifies the Project as being developed and/or funded in cooperation with the Department/Office of Tourism.  Grantee's f ailure to utilize the Department logo correctly (e.g., size, placement, etc.) or statement may result in a 10% deduction of the Total Project Cost.