R2014-126 AGREEMENT WITH ILLINOIS DEPARTMENT OF COMMERCE & ECONOMIC OPPORTUNITY

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A. The Department may direct the Grantee to refund all grant moneys disbursed to it under this Agreement; B. The Department may direct the Grantee to remit an amount equivalent to the"Net Salvage Value"of all equipment or materials purchased with Grant Funds provided under this Agreement. For purposes of this Agreement, "Net Salvage Value"is defined as the amount realized,or that the Parties agree is likely to be realized from, the sale of equipment or materials purchased with Grant Funds provided under this Agreement at its current fair market value,less selling expenses; C. The Department may direct the Grantee to transfer ownership of equipment or material purchased with Grant Funds provided under this Agreement to the Department or its designee. 4.12 NOTICES Notices and other communications provided for herein shall be given in writing by first class mail, by registered,or certified mail,return receipt requested, by receipted hand delivery,by courier(UPS, Federal Express or other similar and reliable carrier),by e-mail, or by fax showing the date and time of successful receipt. Notices shall be sent to the respective party at the address set forth on the signature page hereto,or to such other authorized designees as the parties may designate in writing from time to time. Grantee is responsible for providing the Department with correct address and contact information for itself and its designees. Any notice to the Grantee shall be deemed to have been provided if sent to the address or contact information on the signature page or to the address of an authorized designee. Notice to the Department is deemed to have been provided at the time it is actually received. 4.13 COMPLAINT PROCESS In the event of a Grantee complaint, the Department's Administrative Hearing Rules shall govern and said rules can be found at Title 56 Illinois Administrative Code,Section 2605. 4.14 GRANT FUNDS RECOVERY ACT(30 ELCS 705/1,ET SEO.) This Agreement is subject to all applicable provisions of the Illinois Grant Funds Recovery Act, including the requirement that any Grant Funds not expended or legally obligated at the expiration or termination of the Grant term must be returned to the Department within 45 days following said expiration or termination. Notwithstanding any provision specified elsewhere in this Agreement regarding the treatment of interest earned on the Grant Funds, any interest earned on Grant Funds that is not expended or legally obligated during the Grant term must also be returned to the Department within 45 days following the expiration or termination of this Agreement. 4.15 GRANT PROJECT MANAGEMENT All necessary and ordinary communications, submittals, approvals, requests and notices related to the Project shall be submitted to: Brooke Doggett Illinois Department of Commerce and Economic Opportunity 500 E.Monroe St. Springfield,IL 62701 4.16 BOND FUNDED GENERAL GRANT PROVISIONS It is the intent of the State that all or a portion of the costs of this project will be paid or reimbursed from the proceeds of tax-exempt bonds subsequently issued by the State. Page 15 Grant Number 15-203002