Iowa Admin. Code r. 265-28.4

Current through Register Vol. 47, No. 6, September 18, 2024

Rule 265-28.4 - Termination; rectification of deficiencies; disputes

(1)Termination. The authority shall have the right to terminate any grant when terms of the agreement have been violated. Grants are subject to termination if construction has not begun within one year of the execution of a grant agreement. The director shall establish a repayment schedule for funds already disbursed to the recipient. All terminations shall be in writing.

(2)Rectification of deficiencies. Failure of the recipient to implement the approved project or to comply with the applicable requirements constitutes grounds for the authority to recapture or withhold funds. The recipient is responsible for ensuring that the identified deficiency is rectified. Once the deficiency is corrected, the funds can be released.

(3)Disputes. A recipient that disagrees with the director's withholding of funds may request a formal review of the action. The recipient must submit a request in writing to the director within 30 days of notification by the authority of its planned action.

Iowa Admin. Code r. 265-28.4

Amended by IAB January 2, 2019/Volume XLI, Number 14, effective 2/6/2019