Common use of Unauthorized Drawdown of Federal Funds Clause in Contracts

Unauthorized Drawdown of Federal Funds. The Recipient must immediately refund HUD any amounts drawn down in excess of the authorized amounts. The Recipient and subrecipients shall promptly, but at least quarterly, remit to HUD interest earned on advances drawn in excess of disbursement needs, and shall comply with the procedure for remitting interest earned to the Federal government per 2 CFR 200.305, as applicable. The CAO, in collaboration with the Technical Assistance Division, will determine the appropriate refund method. Bank Account on File The Recipient must use Standard Form (SF) 1199A to submit any updates related to the financial institution to which HUD sends payment of Federal funds. The SF-1199A is available online at xxxxx://xxx.xxx.xxx/sites/documents/ATTACHMENTVISF-1199A.PDF. Financial Management and Internal Controls This Agreement incorporates the financial management systems requirements in 2 CFR 200.302, and internal controls set forth in 2 CFR 200.303. Audit

Unauthorized Drawdown of Federal Funds. The Recipient must immediately refund HUD any amounts drawn down in excess of the authorized amounts. The Recipient and subrecipients shall promptly, but at least quarterly, remit to HUD interest earned on advances drawn in excess of disbursement needs, and shall comply with the procedure for remitting interest earned to the Federal Federal‌ government per 2 CFR 200.305, as applicable. The CAO, in collaboration with the Technical Assistance Division, will determine the appropriate refund method. method.‌‌‌ Bank Account on File File‌ The Recipient must use Standard Form (SF) 1199A to submit any updates related to the financial institution to which HUD sends payment of Federal funds. The SF-1199A is available online at xxxxx://xxx.xxx.xxx/sites/documents/ATTACHMENTVISF-1199A.PDF. xxxxx://xxx.xxx.xxx/sites/documents/ATTACHMENTVISF-1199A.PDF.‌‌ Financial Management and Internal Controls Controls‌ This Agreement agreement incorporates the financial management systems requirements in 2 CFR 200.302, and internal controls set forth in 2 CFR 200.303. AuditAudit‌

Unauthorized Drawdown of Federal Funds. The Recipient must immediately refund HUD any amounts drawn down in excess of the authorized amounts. The Recipient and subrecipients shall promptly, but at least quarterly, remit to HUD interest earned on advances drawn in excess of disbursement needs, and shall comply with the procedure for remitting interest earned to the Federal government per 2 CFR 200.305, as applicable. The CAO, in collaboration with the Technical Assistance Division, will determine the appropriate refund method. Bank Account on File The Recipient must use Standard Form (SF) 1199A to submit any updates related to the financial institution to which HUD sends payment of Federal funds. The SF-1199A is available online at xxxxx://xxx.xxx.xxx/sites/documents/ATTACHMENTVISF-1199A.PDF. Financial Management and Internal Controls This Agreement agreement incorporates the financial management systems requirements in 2 CFR 200.302, and internal controls set forth in 2 CFR 200.303. Audit

Unauthorized Drawdown of Federal Funds. The Recipient must immediately refund HUD any amounts drawn down in excess of the authorized amounts. The Recipient and subrecipients shall promptly, but at least quarterly, remit to HUD interest earned on advances drawn in excess of disbursement needs, and shall comply with the procedure for remitting interest earned to the Federal government per 2 CFR 200.305, as applicable. The CAO, in collaboration with the Technical Assistance Division, will determine the appropriate refund method. Bank Account on File File‌ The Recipient must use Standard Form (SF) 1199A to submit any updates related to the financial institution to which HUD sends payment of Federal funds. The SF-1199A is available online at xxxxx://xxx.xxx.xxx/sites/documents/ATTACHMENTVISF-1199A.PDF. Financial Management and Internal Controls Controls‌ This Agreement incorporates the financial management systems requirements in 2 CFR 200.302, and internal controls set forth in 2 CFR 200.303. AuditAudit‌