Limitation on grant amounts

30 ILCS 743/25, under Intermodal Facilities Promotion Act.

30 ILCS 743/25

(30 ILCS 743/25)

    Sec. 25. Limitation on grant amounts. The total amount of a grant to an eligible developer shall not exceed the lesser of:         (1) $3,000,000 in each State fiscal year; or         (2) the total amount of infrastructure costs incurred     by the eligible developer with respect to a project that is the subject of an agreement.    No eligible developer shall receive moneys that are attributable to a project that is not the subject of the developer's agreement with the Department.

(Source: P.A. 96-602, eff. 8-21-09.)