Illinois Compiled Statutes 30 ILCS 745/5 – Operating Grants
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Terms Used In Illinois Compiled Statutes 30 ILCS 745/5
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
Each eligible station shall receive an annual operating support grant amounting to a pro-rata share of 70% of the grant pool for which it is eligible. This share shall bear the same ratio to 70% of the grant pool from which it came as the station’s actual operating cost bore in the previous fiscal year to the aggregate of such actual operating cost for all eligible stations for that year.