Common use of Deobligation of Grant Funds; Repayment by Grantee of Received Funds Clause in Contracts

Deobligation of Grant Funds; Repayment by Grantee of Received Funds. If this Grant is terminated by the State pursuant to this §15(C)(ii), State shall de-obligate any remaining unexpended Grant Funds for the Project, and shall provide notice to Grantee that such Project has failed to meet its Milestones and the corresponding HUD timeliness requirements and that as a result, Grantee is required to immediately return to the State any previously received Grant Funds for the Project.

Appears in 5 contracts

Samples: Grant Agreement, Resiliency Planning Grant Agreement, Grant Agreement

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