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R2021-02 Resolution Authorizing Accepting and Approval of Grant Agreement with Illinois Department of Commerce and Economic Opportunity (DCEO)
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R2021-02 Resolution Authorizing Accepting and Approval of Grant Agreement with Illinois Department of Commerce and Economic Opportunity (DCEO)
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3/11/2021 12:46:38 PM
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1/6/2021 2:16:26 PM
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Resolution/Ordinance
Res Ord Num
R2021-02
Res Ord Title
R2021-02 Resolution Authorizing Accepting and Approval of Grant Agreement with Illinois Department of Commerce and Economic Opportunity (DCEO)
Department
Econ and Com Dev
Approved Date
1/4/2021
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Agreement No 20-488039 <br /> ARTICLE III <br /> DEFINITIONS <br /> 3.1. Definitions.Capitalized words and phrases used in this Agreement have the following meanings: <br /> "2 CFR Part 200" means the Uniform Administrative Requirements,Cost Principles,and Audit <br /> Requirements for Federal Awards published in Title 2,Part 200 of the Code of Federal Regulations. <br /> "Agreement"or"Grant Agreement"has the same meaning as in 44 III.Admin.Code Part 7000. <br /> "Allocable Costs" means costs allocable to a particular cost objective if the goods or services involved are <br /> chargeable or assignable to such cost objective in accordance with relative benefits received or other equitable <br /> relationship.Costs allocable to a specific Program may not be shifted to other Programs in order to meet <br /> deficiencies caused by overruns or other fund considerations,to avoid restrictions imposed by law or by the terms <br /> of this Agreement,or for other reasons of convenience. <br /> "Allowable Costs"has the same meaning as in 44 III.Admin.Code Part 7000. <br /> "Award"has the same meaning as in 44 III.Admin.Code Part 7000. <br /> "Budget"has the same meaning as in 44 III.Admin.Code Part 7000. <br /> "CFDA"or"Catalog of Federal Domestic Assistance"has the same meaning as in 44 III.Admin.Code Part <br /> 7000. <br /> "Close-out Report" means a report from the Grantee allowing the Grantor to determine whether all <br /> applicable administrative actions and required work have been completed,and therefore closeout actions can <br /> commence. <br /> "Conflict of Interest"has the same meaning as in 44 Ill.Admin.Code Part 7000. <br /> "Consolidated Year-End Financial Report"means a financial information presentation in which the assets, <br /> equity,liabilities,and operating accounts of an entity and its subsidiaries are combined(after eliminating all inter- <br /> entity transactions)and shown as belonging to a single reporting entity. <br /> "Cost Allocation Plan"has the same meaning as in 44 III.Admin.Code Part 7000. <br /> "CSFA orCatalog of State Financial Assistance has the same meaning as in 44 III.Admin. <br /> Code Part <br /> 7000. <br /> "Direct Costs"has the same meaning as in 44 III.Admin.Code Part 7000. <br /> "Disallowed Costs"has the same meaning as in 44 III.Admin.Code Part 7000. <br /> "DUNS Number"means a unique nine digit identification number provided by Dun&Bradstreet for each <br /> physical location of Grantee's organization.Assignment of a DUNS Number is mandatory for all organizations <br /> seeking an Award from the state of Illinois. <br /> "FAIN"means the Federal Award Identification Number. <br /> State of Illinois <br /> INTER-GOVERNMENTAL GRANT AGREEMENT FISCAL YEAR 2021/2 2 20 <br /> Page 5 of 49 <br />
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