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STANDARD BRED PURSE FUND
CSFA Number: 579-00-1554
Agency Name
Illinois Racing Board (579)
Agency Identification
0217
Agency Contact
Vitto Ezeji-Okoye
312-814-5437
vitto.okoye@illinois.gov
Short Description
Agreement between the Illinois Racing Board and Suburban Downs, Inc. (Grantee) for the award of the Board's distribution of funds from the Standardbred Purse Fund and the Grantee's use of those funds for the purpose of payment of purses for standardbred races conducted by the Grantee, pursuant to Section 27 (a-5) of the Illinois Racing Act of 1975 (230 ILCS 5/27 (a-5).
Federal Authorization
N/A
Illinois Statue Authorization
230 ILCS 5/27 (a-5)
Illinois Administrative Rules Authorization
N/A
Objective
for grants to the standardbred organization licensees for payment of purses for standardbred horse races conducted by the organization licensee.
Prime Recipient
Yes
UGA Program Terms
To be awarded annually
Eligible Applicants
Other;
Applicant Eligibility
Any racetrack in Illinois that is licensed to conducts standardbred races.
Beneficiary Eligibility
N/A
Types of Assistance
Project Grants
Subject / Service Area
Economic Development
Credentials / Documentation
Any racetrack in Illinois that is licensed to conducts standardbred races.
Preapplication Coordination
N/A
Application Procedures
Grant Application request as required under 30 ILCS 705/4 (a)
Criteria Selecting Proposals
N/A
Award Procedures
Grant Agreement
Deadlines
None
Range of Approval or Disapproval Time
N/A
Appeals
N/A
Renewals
N/A
Formula Matching Requirements
N/A
Uses and Restrictions
For the purposed of payment of purses for standardbred races only
Reports
quarterly reports and annual close out report
Audits
N/A
Records
N/A
Account Identification
Fund # 217
Obligations
for each calendar year of racing
Range and Average of Financial Assistance
$500,000 to $800,000 every fiscal year.
Program Accomplishments
N/A
Regulations, Guidelines, and Literature
N/A
Regional or Local Assistance Location
N/A
Headquarters Office
555 West Monroe Street Suite 1700 S Chicago Il 60661
Program Website
N/A
Example Projects
N/A
Published Date
11/29/2023
Funding By Fiscal Year
FY 2017 : $425,000
FY 2018 : $360,000
FY 2019 : $383,000
FY 2020 : $915,000
FY 2021 : $650,000
Federal Funding
None
Notice of Funding Opportunities
Agency IDAward RangeApplication Range
None