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Code of Federal Regulations Title 42. Public Health § 42.52i.12 What happens if a grantee fails to administer the research endowment grant in accordance with applicable regulations?

Current as of January 02, 2025 | Updated by Findlaw Staff

(a) The Director, after giving notice and an opportunity for a hearing, may authorize the termination of a grant awarded and/or recovery of funds under this part during the 20–year period if the grantee:

(1) Withdraws or spends any part of the endowment fund corpus in violation of this part;

(2) Spends any portion of the endowment fund income not permitted to be spent in this part;

(3) Fails to invest the endowment fund corpus in accordance with the investment standards set forth in this part;

(4) Fails to meet the requirements in § 52i.7;  or

(5) Otherwise fails to comply with the terms and conditions of the award.

(b) Recovery of funds may include up to the amount of endowment awards plus any income earned.

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Cite this article: FindLaw.com - Code of Federal Regulations Title 42. Public Health § 42.52i.12 What happens if a grantee fails to administer the research endowment grant in accordance with applicable regulations? - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-42-public-health/cfr-sect-42-52i-12/

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