Return or Recoupment of Funds. 1. Grantee shall return to DEO any overpayments due to unearned funds or funds disallowed pursuant to the terms of this Agreement that were disbursed to Grantee by DEO. In the event that Grantee or its independent auditor discovers that overpayment has been made, Grantee shall repay said overpayment within forty (40) calendar days without prior notification from DEO. In the event that DEO first discovers an overpayment has been made, DEO will notify Grantee by letter. Should repayment not be made in a timely manner, DEO shall be entitled to charge interest at the lawful rate of interest on the outstanding balance beginning forty (40) calendar days after the date of notification or discovery. Refunds should be sent to DEO’s Agreement Manager, and made payable to the “Department of Economic Opportunity.”
Return or Recoupment of Funds. 1. Contractor shall return to DEO any overpayments due to unearned funds or funds disallowed pursuant to the terms of this Contract that were disbursed to Contractor by DEO. In the event that Contractor or its independent auditor discovers that overpayment has been made, Contractor shall repay said overpayment within forty (40) calendar days without prior notification from DEO. In the event that DEO first discovers an overpayment has been made, DEO will notify Contractor by letter. Should repayment not be made in a timely manner, DEO shall be entitled to charge interest at the lawful rate of interest on the outstanding balance beginning forty (40) calendar days after the date of notification or discovery. Refunds should be sent to DEO Contract Manager, and made payable to the “Department of Economic Opportunity.”
Return or Recoupment of Funds. 1. Contractor shall return to DEO any overpayments due to unearned funds or funds disallowed pursuant to the terms of this Contract that were disbursed to Contractor by DEO. In the event Contractor or its independent auditor discovers that overpayment has been made, Contractor shall repay said overpayment within forty (40) calendar days without prior notification from DEO. In the event DEO first discovers an overpayment has been made, DEO will notify Contractor by letter. Should repayment not be made in a timely manner, DEO shall be entitled to charge interest at the lawful rate of interest on the outstanding balance beginning forty (40) calendar days after the date of notification or discovery. Refunds should be sent to DEO Contract Manager and made payable to the “Department of Economic Opportunity.”
Return or Recoupment of Funds. 1. Loan Administrator shall return to DEO any overpayments due to unearned funds or funds disallowed pursuant to the terms of this Contract that were disbursed to Loan Administrator by DEO. In the event that Loan Administrator or its independent auditor discovers that overpayment has been made, Loan Administrator shall repay said overpayment within forty
Return or Recoupment of Funds. EOHHS reserves the right to require repayment of grant funds if: (1) the Recipient does not complete the approved scope of work set forth in the Program Plan or in accordance with the Program Budget; (2) the Recipient fails to follow Program guidelines, including failure to comply with BHUC reporting requirements and expending funds for purposes other than completion of the Program; or (3) the Recipient completes the scope of work for less than the obligated amount, in which event the unspent funds must be returned. If EOHHS determines that funds are not used as approved or as allowable under this Grant Agreement, the Recipient shall return such funds to EOHHS. In its discretion, EOHHS may opt to recoup such funds from the Recipient by offsetting any other payments that EOHHS would otherwise pay to the Recipient, including but not limited to any payments due to the Recipient under the MassHealth program.
Return or Recoupment of Funds. 1. Contractor shall return to DEO any overpayments due to unearned funds or funds disallowed pursuant to the terms of this Contract that were disbursed to Contractor by DEO. In the event Contractor or its independent auditor discovers that overpayment has been made, Contractor shall repay said overpayment within forty (40) calendar days without prior notification from DEO. In the event DEO first discovers an overpayment has been made, DEO shall notify Contractor by letter. Should repayment not be made in a timely manner, DEO shall be entitled to charge interest at the lawful rate of interest on the outstanding balance beginning forty DocuSign Envelope ID: FE0F700A-38FF-47F6-B4FB-4491CC88BDA1 (40) calendar days after the date of notification or discovery. Refunds should be sent to DEO Contract Manager and made payable to the “Department of Economic Opportunity.”
Return or Recoupment of Funds. (a) The City shall return to DEO any overpayments (funds paid in excess of the amount to which the City is entitled under the terms and conditions of this Agreement) distributed to the City. If the City or its independent auditor discovers an overpayment has been made, the City shall repay said overpayment within 60 calendar days without prior notification from DEO. If DEO first discovers an overpayment has been made, DEO will notify the City by letter. DEO shall be entitled to charge interest at the lawful rate of interest on the outstanding balance beginning 61 calendar days after the date of DEO’s notification or the City’s or its auditor’s discovery. The City shall send repayments to DEO’s Agreement Manager, and make checks payable to the “Department of Economic Opportunity.”
Return or Recoupment of Funds. 1. Contractor shall return to DEO any overpayments due to unearned funds or funds disallowed pursuant to the terms of this Contract that were disbursed to Contractor by DEO. In the event Contractor or its independent auditor discovers that overpayment has been made, Contractor shall repay said overpayment within forty (40) calendar days without prior notification from DEO. In the event DEO first discovers an overpayment has been made, DEO will notify Contractor by letter. Should repayment not be made in a timely manner, DEO shall be entitled to charge interest at the lawful rate of interest on the outstanding balance beginning forty
Return or Recoupment of Funds. 1. Grantee shall return to DEOany overpayments due to unearned funds or funds disallowed pursuant to the terms of thisAgreementthat were disbursed toGrantee by DEO. In the event that Granteeor its independent auditor discovers that overpayment has been madeG,rantee shall repay said overpayment within forty (40) calendar days without prior notification from DEO. In the event that DEO first discovers an overpayment has been made, DEO will notify Granteeby letter. Should repayment not be made in a timely manner, DEOshall be entitled to charge interest at the lawful rate of interest on the outstanding balance beginning forty
Return or Recoupment of Funds. 1. If the Grantee or its independent auditor discovers that an overpayment has been made, the Grantee shall repay said overpayment within forty (40) calendar days without prior notification from the Department. In the event that the Department first discovers an overpayment has been made, the Department will notify the Grantee in writing. Should repayment not be made in a timely manner, the Department shall be entitled to charge interest at the lawful rate of interest on the outstanding balance beginning forty (40) calendar days after the date of notification or discovery. Refunds should be sent to the Department’s Agreement Manager, and made payable to the “Department of Financial Services.”
