Current through Register Vol. 54, No. 25, June 22, 2024
Section 131.83 - Miscellaneous grantee fiscal responsibilities(a) Grantee shall return any or all unused State grants monies to grantor, upon demand, for cause.(b) Cause shall be for any violation of contract, work program, or budgetary indiscretions.(c) Grantee shall not commingle State grant moneys with any other fundings and shall maintain separate accounting and internal controls for State funds.(d) All State grant moneys shall be placed in a savings account that are in excess of 2 months of operating costs. These moneys may be transferred back into a checking account when needed.(e) Interest earned on all savings accounts shall be submitted to grantor at time such interest is received by the Agency.(f) Interest checks shall be made payable to Commonwealth of Pennsylvania-Department of Community and Economic Development.