Common use of Unspent Funds Clause in Contracts

Unspent Funds. Under current law, CRF Funds for which no expenditure is incurred during the Covered Period must be returned to the United States Department of the Treasury. CRF Funds for which no qualified expenditure has been or is planned to be incurred by October 15, 2020, or for which delivery or performance cannot occur before December 30, 2020, shall be returned to the County on or before November 1, 2020.

Appears in 6 contracts

Samples: Memorandum of Agreement, Coronavirus Relief Fund Memorandum of Agreement, Grant Funds Agreement

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