Iowa Admin. Code r. 61-9.62

Current through Regsiter Vol. 46, No. 26, June 12, 2024

Rule 61-9.62 - Termination

Contracts may be terminated for the following reasons:

(1)Termination by grantee. The grantee may terminate the contract at any time during the

contract period by providing notice to the division.

(2)Termination by department. The department may terminate a contract upon a ten-day notice when the grantee or any of its subcontractors fail to comply with the grant award stipulations, standards or conditions. The department may terminate a contract when there is a reduction of funds by executive order or otherwise.

(3)Termination for cause. If the grantee fails to fulfill its obligations under the agreement properly or on time, or otherwise violates any provision of the agreement, the board may terminate the agreement by written notice to the grantee. The notice shall specify the acts or omissions relied on as cause for termination. All finished or unfinished products and services provided by the grantee shall, at the option of the department, become state property. The department shall pay the grantee fair and equitable compensation for satisfactory performance prior to receipt of notice of termination minus any funds owing to the department, e.g., damages for breach, improperly spent funds.

Iowa Admin. Code r. 61-9.62