Common use of Reversion of Funds Clause in Contracts

Reversion of Funds. If funds awarded to CONTRACTOR have not been expended in accordance with this Agreement and COUNTY has determined after consultation with CONTRACTOR that funds will not be spent in a timely manner, such funds will revert to COUNTY for that reason and to the extent permitted by and in a manner consistent with federal and state law, regulations, and policies.

Reversion of Funds. If funds awarded to CONTRACTOR have not been expended in accordance with this Agreement and COUNTY has determined after consultation with CONTRACTOR that funds will not be spent in a timely mannermanner after consultation with CONTRACTOR, such funds will revert to COUNTY for that reason and reason, to the extent permitted by and in a manner consistent with federal and state law, regulations, and policies, revert to COUNTY.