Common use of USE AND REVERSION OF XXXXXX Clause in Contracts

USE AND REVERSION OF XXXXXX. [00 XXX 570.503(b)(7): A. Upon expiration of this Agreement, the Subrecipient shall transfer to the Recipient any CDBG funds on hand and any CDBG-related accounts receivable. All CDBG-assisted real and personal property under control of Subrecipient shall be used to meet the prescribed CDBG national objective applicable to the CDBG award to the Recipient by until five (5) years after the date a “Certificate of Completion” is issued by IOCRA respective to this project.

Appears in 4 contracts

Samples: Sub Recipient Agreement, Sub Recipient Agreement, Sub Recipient Agreement

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