Return of Subaward Funds Sample Clauses

Return of Subaward Funds. Any Subaward Funds remaining that are not expended by Subrecipient, at the end of the Agreement period, or in the case of capital improvement Subaward Funds at the end of the time period Subaward Funds are available for expenditure or obligation, shall be returned to the Department within forty-five (45) days. A Subrecipient who is required to reimburse Subaward Funds and who enters into a deferred payment plan for the purpose of satisfying a past due debt, shall be required to pay interest on such debt as required by Section 10.2 of the Illinois State Collection Act of 1986. 30 ILCS 210; 44 Ill. Admin. Code 7000.450(c). In addition, as required by 44 Ill. Admin. Code 7000.440(b)(2), unless granted a written extension, Subrecipient must liquidate all obligations incurred under the Subaward at the end of the period of performance.
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Return of Subaward Funds. Subaward Funds that are not expended by Subrecipient to cover Eligible Expenses incurred during the period of March 1, 2020, through October 31, 2020, shall be returned to County on or before December 30, 2020.
Sample 1
Return of Subaward Funds. Any Subaward Funds remaining that are not expended by the Grantee, at the end of the Agreement period, or in the case of capital improvement Subaward Funds at the end of the time period Subaward Funds are available for expenditure or obligation, shall be returned to the Department within forty-five (45) days. Funds shall be returned to the Department at: Receipt Accounting at Illinois Department of Healthcare and Family Services, Bureau of Fiscal Operations, 0000 Xxxxxxxxx Xxxx A-2, Springfield, Illinois 62702.
Sample 1

Related to Return of Subaward Funds

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