§ 138b.8. Award of grant.
(a) The amount of the grant is determined on the basis of the viability of the project, financial need of the applicant, funds available for grants and the number of eligible applicants. No proposal will be accepted for a grant of less than $10,000 nor for a grant that exceeds $100,000. The amount of the grant will not exceed the amount of matching funds. Prior to receiving the grant proceeds, the applicant shall give evidence that matching funds—excluding in-kind services, plant and equipment—for the project were utilized.
(b) The award of the grant is contingent upon the applicant’s signing of a grant agreement provided by the Department.
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