RECAPTURE PROVISION. If L.C. SENIORS fails to comply with any of the terms and conditions of this Agreement or L.C. SENIORS fails to expend funds under this Agreement in accordance with state and federal law, L.C. SENIORS shall repay the grant funds to the COUNTY. The COUNTY shall be entitled to demand recapture and repayment of any misspent grant funds pursuant to this Section at any time within three years of the L.C. SENIORS’ spending violation. Repayment by L.C. SENIORS of funds under this recapture provision shall occur within 30 days of demand. If repayment is not made within the specified timeframe, the COUNTY may secure payment, plus interest, if any, utilizing available legal remedies.
Appears in 3 contracts
Sources: Financial Contribution Agreement, Financial Contribution Agreement, Financial Contribution Agreement