Surety Requirements. 5.1 The Grantee understands and agrees that it shall be liable to repay to the Agency any funds not expended in accordance with this grant, or determined to be expended in violation of the terms of this grant and under OMB’s UG including loss arising from a fraudulent or dishonest act of the Grantee’s officers and employees holding positions of fiduciary trust. 5.2 All repayment made by the Grantee to the Agency pursuant to Section 5.1 of these General Terms and Conditions (GTC) shall be from non-federal funds. 5.3 The Grantee’s failure to make repayment to the Agency within thirty (30) days after demand may result in legal actions to recover such funds and any additional costs incurred by the Agency, including allowable interest.
Appears in 10 contracts
Samples: Grant Agreement, Grant Agreement, Grant Agreement
