TITLE 74: PUBLIC FINANCE
CHAPTER V: TREASURER
PART 650 RULES FOR CHARITABLE TRUST STABILIZATION COMMITTEE
SECTION 650.110 POST AWARD OBLIGATIONS


 

Section 650.110  Post Award Obligations

 

a)         Unless otherwise specified in a Grant Agreement, grantees shall be required to submit a financial status report to the State Treasurer within six months after the date of the grant award detailing the use of grant funds, including the amount of funds expended to date.

 

b)         Unless otherwise specified in a Grant Agreement, grantees shall be required to submit a final written narrative and financial report to the State Treasurer within 60 days after the termination date of the grant award detailing the use of grant funds, including any statistics available on the effectiveness of the subject of the grant award.

 

c)         Failure of a grantee to comply with any provision of a Grant Agreement will result in affirmative action authorized by Section 6 of the Grant Funds Recovery Act to recover misspent or improperly held funds.