Illinois Administrative Code › Title 14 - COMMERCE › Part 555 - INTERNATIONAL TOURISM GRANT PROGRAM › Section 555.20 - Definitions

Current through Register Vol. 48, No. 28, July 12, 2024
The following definitions are applicable to this Part:
"Applicant": means a certified local tourism and convention
				bureau or a certified regional tourism development organization submitting an
				Application for Program Grant Funds as provided for under the Statute.
"Application": means a written request for Program Grant Funds,
				containing and including the required information and/or attachments.
"Approved Expenditures": means costs approved to be expended
				for the completion of the Project.
"Department": means the Department of Commerce and Economic
				Opportunity.
"Director": means the Director of the Department of Commerce
				and Economic Opportunity.
"Eligible Expenditure": means costs that are considered
				appropriate and, if a grant is awarded, are costs approved by the Department
				for funding. Examples of Eligible Expenditures are set forth in Section
				555.40(a).
"Fiscal Year": means the period from July 1 of any given year
				through June 30 of the subsequent year.
"Grant Agreement": means a written document executed between
				the Grantee and the Department setting forth the obligations and rights of the
				parties, describing the purpose of the grant, identifying the manner in which
				Grant Funds will be disbursed, specifying the grant term during which Grant
				Funds shall be expended, and requiring unobligated and/or unspent Grant Funds
				to be returned to the Department.
"Grant Amount" or "Grant Funds": means a monetary amount that
				the Department awarded to a Grantee to be expended on Approved
				Expenditures.
"Grantee" means an Applicant that has been awarded a grant
				under the Program based on submission of its Application.
"Ineligible Expenditures": means costs that are not eligible
				for consideration for funding and cannot be paid for with Grant Funds and
				Matching Funds. Examples of Ineligible Expenditures are set forth in Section
				555.40(b).
"In-kind Contribution" means noncash contributions necessary to
				complete the Project for which the cash value is easily documented (i.e.,
				donated labor, equipment, supplies and materials) and are otherwise eligible
				grant and match expenditures as set forth in Sections
				555.40 and
				555.70.
"Illinois Office of Tourism": means the division of the
				Department that has the delegated authority to perform all administrative
				functions related to the Statute.
"International": means any country other than the United
				States.
"Local Convention and Tourism Bureau": means a not-for-profit
				entity or unit of local government that meets the certification requirements as
				set forth in 14 Ill. Adm. Code
				550.40 and
				is certified by the Department.
"Matching Funds": means the portion of the Total Project Cost
				that is required to be provided by the Grantee through cash expenditures and/or
				In-kind Contributions.
"Program": means the International Tourism Grant
				Program.
"Project": means the activities that were described by the
				Applicant in its Application and approved by the Department for funding.
"Regional Tourism Development Organization": means a
				not-for-profit entity that meets the certification requirements set forth in
				the Regional Tourism Development Organization Program rules (14 Ill. Adm. Code
				515.60
				) and is certified by the Department.
"Statute": means Section 605-707 of the Civil Administrative
				Code of Illinois, which is the statutory authority for the Program
				[20 ILCS
				605/605-707 ].
"Total Project Cost": means all necessary and reasonable
				Eligible Expenditures required to complete the Project as identified in the
				budget of the Grant Agreement.