1 Tex. Admin. Code § 60.402 - Financial Reporting and Reimbursement
(a) Because grants awarded under this chapter
are reimbursement-only grants, a grantee must regularly submit financial status
reports and invoices, as directed by the OAG.
(b) A grantee must ensure that its final
invoice is received no later than the 45th calendar day after the end of the
grant period (liquidation date). If this date falls on a weekend or a holiday,
then the OAG will honor receipt on the following business day. On the
liquidation date, if grant funds are on hold for any reason, the funds will
lapse and cannot be recovered by the grantee.
(c) Invoices received after the above
deadline may not be paid by the OAG.
(d) If necessary, the OAG may allow an
extension beyond the deadline stated in subsection (b).
Notes
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