Common use of RECAPTURE OF FUNDS Clause in Contracts

RECAPTURE OF FUNDS. Xxxxxxx agrees that: 1. DFPS will withhold all or part of any payments to Grantee to offset overpayments made to Grantee. Overpayments, as used in this Section, include payments made by DFPS that exceed the maximum allowable rates, not allowed under applicable laws, rules, or regulations or that are otherwise inconsistent with this Contract, including any unapproved expenditures; 2. It will return to DFPS any amounts paid that are disallowed pursuant to financial and compliance audit(s) of funds received under this Contract; and 3. Reimbursement of such disallowed costs will be paid by Grantee from funds which were not provided or otherwise made available to Grantee under this Contract or from a source of federal funds derived from programs administered by DFPS or the State of Texas.

Appears in 49 contracts

Samples: Grant Agreement, Grant Contract, Grant Contract

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RECAPTURE OF FUNDS. Xxxxxxx agrees that: 1. DFPS will withhold all or part of any payments to Grantee to offset overpayments made to Grantee. Overpayments, as used in this Section, include payments made by DFPS that exceed the maximum allowable rates, ; that are not allowed under applicable laws, rules, or regulations regulations; or that are otherwise inconsistent with this Contract, including any unapproved expenditures;. 2. It will return to DFPS any amounts paid that are disallowed pursuant to any financial and compliance audit(s) audit of funds received under this Contract; and 3. Reimbursement of It will reimburse such disallowed costs will be paid by Grantee from funds which that were not provided or otherwise made available to Grantee under this Contract or from a source of federal funds derived from programs administered by DFPS or the State of Texas.

Appears in 22 contracts

Samples: Grant Agreement, Grant Agreement, Grant Agreement

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RECAPTURE OF FUNDS. Xxxxxxx agrees that: 1. DFPS will withhold all or part of any payments to Grantee to offset overpayments made to Grantee. Overpayments, as used in this Section, include payments made by DFPS that exceed the maximum allowable rates, ; that are not allowed under applicable laws, rules, or regulations regulations; or that are otherwise inconsistent with this Contract, including any unapproved expenditures; 2. It will return to DFPS any amounts paid that are disallowed pursuant to any financial and compliance audit(s) audit of funds received under this Contract; and 3. Reimbursement of It will reimburse such disallowed costs will be paid by Grantee from funds which that were not provided or otherwise made available to Grantee under this Contract or from a source of federal funds derived from programs administered by DFPS or the State of Texas.

Appears in 7 contracts

Samples: Grant Agreement, Grant Agreement, Grant Agreement

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