Common use of Return of Unexpended Funds Clause in Contracts

Return of Unexpended Funds. (a) The AFP must give written notice to the department of any Unexpended Funds. The AFP must return any Unexpended Funds in accordance with the department’s written requirements (including as to timing of the repayment of the funds). (b) The amount of Unexpended Funds returned must be certified by the AFP in a financial certificate or audited financial report for the relevant period. (c) If the department terminates the Funding Agreement then the AFP must, in addition to paying to the department any Unexpended Funds, pay to the department any Funds which the department determines have not been properly expended by the AFP. (d) ‘Unexpended Funds’ means any Funding not actually expended or committed for the purposes specified in this Funding Agreement (including the Funding Specification).

Appears in 5 contracts

Samples: Funding Agreement, Funding Agreement, Funding Agreement

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Return of Unexpended Funds. (a) The AFP must give written notice to the department Department of any Unexpended Funds. The AFP must return any Unexpended Funds in accordance with the departmentDepartment’s written requirements (including as to timing of the repayment of the funds). (b) The amount of Unexpended Funds returned must be certified by the AFP in a financial certificate or audited financial report for the relevant period. (c) If the department Department terminates the Funding Agreement then the AFP must, in addition to paying to the department any Unexpended Funds, pay to the department Department any Funds which the department Department determines have not been properly expended by the AFP. (d) ‘Unexpended Funds’ means any Funding not actually expended or committed for the purposes specified in this Funding Agreement (including the Funding Specification).

Appears in 1 contract

Samples: Funding Agreement

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