20 ILCS 2705/2705-305
2021 Illinois Compiled Statutes|Chapter 30 - FINANCE|30 ILCS 740/ - Downstate Public Transportation Act.|Article II - Downstate Public Transportation Assistance

, that participant shall be eligible  only for assistance equal to the following percentage of its eligible operating  expenses: 42% in Fiscal Year 1997, 44% in Fiscal Year 1998, 46% in Fiscal Year  1999, 48% in Fiscal Year 2000, and 50% in Fiscal Year 2001 and thereafter.  Any  such payment for the third and fourth quarters of any fiscal year shall be  adjusted to reflect  actual eligible operating expenses for preceding quarters of such fiscal  year. However, no participant shall receive an amount less than that which  was received in the immediate prior year, provided in the event of a  shortfall in the fund those participants receiving less than their full  allocation pursuant to Section 2-6 of this Article shall be the first  participants to receive an amount not less than that received in the  immediate prior year.(b-5) (Blank.)(b-10) On July 1, 2008, each participant shall receive an appropriation in an amount equal to 65% of its fiscal year 2008 eligible operating expenses adjusted by the annual 10% increase required by Section 2-2.04 of this Act.  In no case shall any participant receive an appropriation that is less than its fiscal year 2008 appropriation.  Every fiscal year thereafter, each participant's appropriation shall increase by 10% over the appropriation established for the preceding fiscal year as required by Section 2-2.04 of this Act.(b-15) Beginning on July 1, 2007, and for each fiscal year thereafter, each participant shall maintain a minimum local share contribution (from farebox and all other local revenues) equal to the actual amount provided in Fiscal Year 2006 or, for new recipients, an amount equivalent to the local share provided in the first year of participation.  The local share contribution shall be reduced by an amount equal to the total amount of lost revenue for services provided under Section 2-15.2  and Section 2-15.3 of this Act.(b-20) Any participant in the Downstate Public Transportation Fund may use State operating assistance funding pursuant to this Section to provide transportation services within any county that is contiguous to its territorial boundaries as defined by the Department and subject to Departmental approval.  Any such contiguous-area service provided by a participant after July 1, 2007 must meet the requirements of subsection (a) of Section 2-5.1.(c) No later than 180 days following the last day of the Fiscal Year each  participant shall provide the Department with an audit prepared by a Certified  Public Accountant covering that Fiscal Year.  For those participants other than a Metro-East Transit  District, any discrepancy between the funds paid and the  percentage of the eligible operating expenses provided for by paragraph  (b) of this Section shall be reconciled by appropriate payment or credit.  In the case of any Metro-East Transit District, any amount of payments from  the Metro-East Public Transportation Fund which exceed the eligible deficit  of the participant shall be reconciled by appropriate payment or credit.  (Source: P.A. 102-626, eff. 8-27-21.)