Iowa Code r. 281-16.6 - Removal of approval
(1)
Removal by agreement. The contract may be terminated in whole
or in part when both parties agree that the continuation of the project would
not produce beneficial results commensurate with the future expenditure of
funds. The parties shall agree upon the termination conditions, including the
effective date and, in the case of partial terminations, the portion to be
terminated. The applicant does not incur new obligations for the terminated
portion after the effective date and will cancel as many outstanding
obligations as possible.
(2)
Department removal for cause.
a. The department may remove approval in
whole or in part at any time before the date of completion whenever it is
determined by the department that the applicant has failed to comply
substantially with the conditions of the contract. The applicant will be
notified in writing by the department of the reasons for the removal of
approval and the effective date. The applicant does not incur new obligations
for the portion for which approval is removed after the effective date of
removal and will cancel as many outstanding obligations as possible.
b. The department may remove approval in
whole or in part by June 30 of the current fiscal year in the event that the
applicant has not attained the program standards.
(3)
Responsibility of applicant after
removal of approval. Within 45 days of the removal of approval, the
applicant will supply the department with a financial statement detailing all
costs incurred up to the effective date of the removal. If the applicant
expends moneys for other than specified budget items approved by the
department, the applicant will return moneys for unapproved
expenditures.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.