Recaptured Funds. Recaptured Funds realized by Subrecipient prior to the final closeout of CRF must be deposited and used for eligible CRF activities. After final closeout of CRF, Recaptured Funds must be returned to Florida Housing.
Recaptured Funds. Recaptured Funds realized by Sub-Grantee prior to the final closeout of CRF must be deposited and used for eligible CRF activities. After final closeout of CRF, Recaptured Funds must be returned to the City/County. City Sub-Grantee 2 CFR Appendix II to Part 200 - Contract Provisions for Non-Federal Entity Contracts Under Federal Awards - In addition to other provisions required by the Federal agency or non-Federal entity, all contracts made by the non-Federal entity under the Federal award must contain provisions covering the following, as applicable. Contracts for more than the simplified acquisition threshold currently set at $150,000, which is the inflation adjusted amount determined by the Civilian Agency Acquisition Council and the Defense Acquisition Regulations Council (Councils) as authorized by 41 U.S.C. 1908, must address administrative, contractual, or legal remedies in instances where contractors violate or breach contract terms, and provide for such sanctions and penalties as appropriate. All contracts in excess of $10,000 must address termination for cause and for convenience by the non-Federal entity including the manner by which it will be effected and the basis for settlement. Equal Employment Opportunity. Except as otherwise provided under 41 CFR Part 60, all contracts that meet the definition of “federally assisted construction contract” in 41 CFR Part 60-
Recaptured Funds. Funds that were awarded to a grantee and later taken back may be distributed in the same manner as unused funds.
Recaptured Funds. Recaptured funds from the WCHC homebuyer program during the period of affordability will be deposited in the WCHC local HOME account.
a. The Lead Agency may permit a member that no longer participates in the consortium to retain recaptured funds as a subrecipient.
b. Subrecipients must have a written agreement with the Lead Agency to retain recaptured funds. (24 CFR Section 92.503(b)).
Recaptured Funds. The State Recipient agrees when the CHIP assisted property is no longer the principal residence of the homeowner, the State Recipient will enforce the recapture provisions set forth in 24 CFR 92.254. The State Recipient agrees all recapture funds received from CHIP activities are to be repaid to GHFA in accordance with the terms of the loan closing documents required by DCA for the use of CHIP funds.
Recaptured Funds. All funds recaptured because housing no longer meets affordability requirements, shall be forwarded to GILBERT in accordance with 24 CFR § 92.503.
Recaptured Funds. In the event that the PSAP fails to expend funds under this Agreement in accordance with state laws or the provisions of this Agreement, the County reserves the right to recapture E911 funds in an amount equivalent to the extent of the noncompliance. Such right of recapture shall exist for a period not to exceed six years following Agreement termination or audit resolution, whichever is later. Repayment by the PSAP of funds under this recapture provision shall occur within thirty (30) days of demand. In the event that the County is required to institute legal proceedings to collect such funds, the County shall be entitled to its costs thereof, including reasonable attorney's fees.
Recaptured Funds. Recaptured funds received from any of the Consortium’s homebuyer programs during the period of affordability shall be held by the Lead Entity and shall be used for eligible activities and in accordance with HOME requirements.
