Iowa Admin. Code r. 875-171.7

Current through Register Vol. 47, No. 11, December 11, 2024

Rule 875-171.7 - Adjustments and collections

(1)Disallowances and adjustments. The closeout of a grant does not affect the commissioner's right to disallow costs and recover funds on the basis of an audit or other postgrant period review or the grantee's obligation to return any funds due as a result of unexpended funds, refunds, corrections or other transactions.

(2)Collection. Any funds paid to a grantee in excess of the amount to which the grantee is finally determined to be due under the terms of the award constitute a debt to the state of Iowa. Amounts are due within 30 days of demand.