The Grand Victoria Riverboat Fund was established by the Kane County Board in 1997 under an agreement with the Elgin Riverboat Resort (Grand Victoria Riverboat). The agreement provides for an annual contribution to the county equal to 7.5% of the riverboat's annual net operating income. The Kane County Board utilizes Grand Victoria Riverboat funds to support a variety of projects and programs aimed at strengthening Kane County communities, promoting collaboration among area organizations, and providing long-term solutions to current problems facing Kane County residents.
Kane County accepts applications for Grand Victoria Riverboat funds from eligible external applicants during an annual application cycle that typically begins in January and concludes in June or July. All eligible proposals are reviewed by the County Board's Grand Victoria Riverboat Committee, which evaluates them in a competitive basis. Projects recommended for funding by the committee are considered by the full County Board. Following the board's decision, applicants selected for funding will be notified of the amount of their award and afforded a reasonable amount of time to obtain and submit documentation that funding for other sources are committed to their projects. Capital projects may not begin until the county has verified that all project funding is in place and the project is ready to proceed.