Common use of RECOVERY OF FUNDS Clause in Contracts

RECOVERY OF FUNDS. The Department reserves the right to recover funds that are owed by reducing future disbursements to the Contractor by an amount equal to what is owed. The Department may adjust subsequent claims for reimbursement by any audit exception or non-compliance exception up to the amount of the exception. The Parties shall attempt to negotiate the timing and payment schedule of any adjustments under this section.

RECOVERY OF FUNDS. The Department reserves the right to recover funds that are owed by reducing future disbursements to the Contractor County by an amount equal to what is owed. The Department may adjust subsequent claims for reimbursement by any audit exception or non-compliance exception up to the amount of the exception. The Parties shall attempt to negotiate the timing and payment schedule of any adjustments under this section.

RECOVERY OF FUNDS. The Department reserves the right to recover funds that are owed by reducing either: a. Requesting immediate repayment from the Contractor, or b. Reducing future disbursements payments to the Contractor by an amount equal to what is owed. The Department may adjust subsequent claims for reimbursement by any audit exception or non-compliance exception up to the amount of the exception. The Parties shall attempt to negotiate the timing and payment schedule of any adjustments under this section.

RECOVERY OF FUNDS. The Department reserves the right to recover funds that are owed by reducing future disbursements to the Contractor County by an amount equal to what is owed. The Department may adjust subsequent claims for reimbursement by any audit exception or non-compliance non‐compliance exception up to the amount of the exception. The Parties shall attempt to negotiate the timing and payment schedule of any adjustments under this section.