(20 ILCS 700/2003)
(from Ch. 127, par. 3702-3)
Grant evaluation and amounts.
(a) The Department shall evaluate grant applications based upon
criteria provided under this Section. The Department shall not award any
Challenge Grant that is not recommended for funding by the Illinois
Science and Technology Advisory Committee and the Illinois
Coalition. In determining which grant
applicants shall be awarded a Challenge Grant, the Department shall conduct
an evaluation of prior compliance with loan or grant agreements for any
grant applicant previously funded by the Department. In addition, the
Department shall consider the following criteria in determining grant
awards: the relationship of a proposed advanced technology project to the
State's future economic growth; the qualifications and expertise of
consultants, firms or organizations undertaking the effort; the potential
for leveraging federal or private research dollars, or both, for the
initiative; the extent of
the capacity of the applicant or the applicant partnership or consortium to
finance the initiative; the potential for adapting, commercializing or
adopting the results of the applicant's project for the economic benefit of
the State; and the likelihood that the project has a potential for creating
new jobs or retaining current jobs in the State.
(b) The Director of the Department shall determine the level of the
grant award and shall determine the share of total directly attributable
costs of an advanced technology project which may be considered for funding
under this Article.
(c) The Department and the Department of Natural
Resources are hereby authorized to cooperate with and provide support to
the Illinois Science and Technology Advisory Committee
and the Illinois
Coalition. Such support may include the provision of office space and may be
technical, advisory or operational in nature.
(Source: P.A. 91-357, eff. 7-29-99; 91-476, eff. 8-11-99.)