Unused Grant Funds. Except as provided for in section 7, any amount of the Grant Award provided under this Agreement that is not expended within the Grant Term, or at the time of early termination of this Agreement, whichever is sooner, shall be returned to GO-Biz. Grantee shall notify GO-Biz of such unused grant funds and GO-Biz shall provide Grantee with instructions as to how to return the funds.
Unused Grant Funds. Any Funds that are awarded to a project, but unused by the Grantee for that project, shall be promptly returned to The Pokagon Fund. The Fund shall reallocate these returned funds into the allocation that they were originally awarded from. For example, if the Fund awarded a $10,000 Municipal grant to a Township for a project, but the township only used $7,000 for the project, the unused portion ($3,000 in this example) will go back into that township’s Municipal allocation and be available for that township to request for future projects. If a Discretionary grant was made by the Fund for a project that has unused Grant Funds, then those dollars shall be returned to the Discretionary allocation.
Unused Grant Funds. Grant funds not expended or invoiced by the subrecipient prior to the completion of the Grant Term may be reallocated to other projects by the County.
Unused Grant Funds. Any amount of grant funds provided for under this Agreement that is not expended by the end of the Grant Term, or at the termination of this Agreement, whichever is sooner, shall be returned to the Department. Grantee shall notify Department of such unused funds and Department shall provide Grantee with instructions as to how to return the funds.
Unused Grant Funds allocated for Grant Year 1 will automatically carry over to Grant Year 2, subject to the terms and conditions of this grant agreement.
