Section 29-4010. REPAYMENT OF FUNDS BY GRANTEE

Latest version.

4010.1As a condition of each grant awarded, the grantee shall agree to do the following:

(a)Repay the District for final audit disallowances within thirty (30) days from receipt of notification by a disallowance letter; and

(b)Pay interest at the rate of twenty-four percent (24%) per annum from the date of the disallowance letter if the repayment is not complete within the thirty (30) day period.

4010.2A grantee may request informal dispute resolution of any disallowance determination by a Grant Officer by requesting within thirty (30) days of the date of the disallowance notification letter, that the Director conduct a review.

4010.3If the Director sustains the finding of the Grant Officer, interest shall be charged on the amount to be repaid as of the date of the disallowance letter.

source

Final Rulemaking published at 38 DCR 6302, 6310 (October 11, 1991).

                    
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