Current through Register Vol. XLI, No. 50, December 13, 2024
Section 133-6-9 - Audits; Grant Withdrawal and Penalty; Unexpended Funds9.1. Participating institutions are subject to such audits and program reviews as may be required by the Vice Chancellor for Administration.9.2. The Vice Chancellor reserves the right to withdraw a grant from an institution or deny future grant applications upon determination of the institution's unsatisfactory compliance with either this rule or the specifications of the grant application.9.3. An institution shall reimburse to the Vice Chancellor the total sum of a grant not properly used or accounted for pursuant to this rule.9.4. An institution shall return any unexpended funds remaining at the end of the academic year to the Vice Chancellor.