Section 650.10  Definitions

The following definitions shall apply to this Part:

"Act" means the Charitable Trust Stabilization Act [30 ILCS 790].

"Applicant" means an organization, public or private, applying for grant funds to be awarded from the Charitable Trust Stabilization Fund created pursuant to Section 5 of the Act.

"Committee" means the Charitable Trust Stabilization Committee created pursuant to Section 10 of the Act.

"Designated Fiscal Agent" means a person designated by the applicant to manage the grant award and any related responsibilities, including post award obligations required under Section 650.110.

"Grant Agreement" means an agreement between the State Treasurer and the organization receiving grant funds from the Charitable Trust Stabilization Fund.

"Grant Award" means grants funds provided from the Charitable Trust Stabilization Fund.

"Grantee" means an organization awarded grant funds from the Charitable Trust Stabilization Fund.

"State Treasurer" means the Office of the Treasurer of the State of Illinois or a third-party administrator of the Charitable Trust Stabilization Fund designated pursuant to Section 10(d) of the Act.

(Source:  Amended at 50 Ill. Reg. 7425, effective May 7, 2026)