Iowa Admin. Code r. 571-33.27
Current through Register Vol. 47, No. 11, December 11, 2024
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 grantee shall not incur new obligations for the terminated portion after the effective date and shall cancel as many outstanding obligations as possible.
Iowa Admin. Code r. 571-33.27