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15 U.S.C. § 1367 — Repayments

submitted 61 years ago by Pub. L. 89-182 to r/title-15-COMMERCE-AND-TRADE · 84 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section requires unused grant funds to be returned after payments are stopped under section 1366.

After the Secretary tells a designated agency or participating institution that further payments are stopped pending compliance, correction, or repayment under section 1366, it must return to the Secretary any chapter funds it had received but had not spent on the notice date. The funds must be deposited into the account for the appropriations from which they were originally paid.
the actual law source: uscode.house.gov ↗public domain

Upon notice by the Secretary to any designated agency or participating institution that no further payments will be made pending substantial compliance, correction, or repayment under section 1366 of this title, any funds which may have been paid to such agency or institution under this chapter and which are not expended by the agency or institution on the date of such notice, shall be repaid to the Secretary and be deposited to the account of the appropriations from which they originally were paid.

Source credit: (Pub. L. 89–182, § 17, Sept. 14, 1965, 79 Stat. 684.)

history & why it existsrecord from the source credit
  • 1965Enacted · Pub. L. 89-182 · 79 Stat. 684

A history note hasn’t been published yet. The record shows enactment by Pub. L. 89-182 on 1965-09-14.

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