92 Ill. Adm. Code 653.350
Downstate Transit Improvement Fund
Section 653.350 Downstate Transit Improvement Fund
a)
Except
as otherwise provided in
Section 2-15 of the Act,
all funds that remain
in the Downstate Public Transportation Fund or the Metro-East Public
Transportation Fund after the payment of the fourth quarterly payment to
participants other than Metro-East Transit District participants and the last
monthly payment to Metro-East Transit participants in each fiscal year shall be
transferred to the Downstate Transit Improvement Fund. Transfers shall be made
no later than 90 days following the end of the fiscal year. Beginning fiscal
year 2010, all moneys each year in the Downstate Transit Improvement Fund, held
solely for the benefit of the participants in the Downstate Public
Transportation Fund, shall be appropriated to the Department to make
competitive capital grants to the participants of the respective funds. However,
such amount as the Department determines to be necessary for allocation to
participants for the purposes of
Section 2-7
of the Act
for the
first quarter of the succeeding fiscal year and an amount equal to 2% of the
total allocations to participants in the fiscal year
that
just ended to
be used for the purpose of audit adjustments shall be retained in such funds to
be used by the Department for such purposes.
(Section 2-15 of the Act)
b) Competitive
capital grants shall not be available for projects, purchases or purposes that
are not:
1) required
for the provision of public transportation;
2) identified
in the Department's annual Capital Needs Assessment, which can be obtained from
the Division of Public and Intermodal Transportation;
3) identified
in the comprehensive long range or short range planning documents in the region
for which the applicant is a part; and
4) in
accordance with the guidelines set forth in the Department's Procedural
Handbook for Public Transportation Capital Improvement Grants, which can be
obtained from the Division of Public and Intermodal Transportation.