42 CFR 52i.12 - What happens if a grantee fails to administer the research endowment grant in accordance with applicable regulations?

Regulations last checked for updates: May 17, 2024

Title 42 - Public Health last revised: May 13, 2024

View all text of Part 52i [§ 52i.1 - § 52i.14]

§ 52i.12 - What happens if a grantee fails to administer the research endowment grant in accordance with applicable regulations?

(a) The Director, after giving notice and an opportunity for a hearing, may authorize the termination of a grant awarded and/or recovery of funds under this part during the 20-year period if the grantee:

(1) Withdraws or spends any part of the endowment fund corpus in violation of this part;

(2) Spends any portion of the endowment fund income not permitted to be spent in this part;

(3) Fails to invest the endowment fund corpus in accordance with the investment standards set forth in this part;

(4) Fails to meet the requirements in § 52i.7; or

(5) Otherwise fails to comply with the terms and conditions of the award.

(b) Recovery of funds may include up to the amount of endowment awards plus any income earned.

authority: 42 U.S.C. 216,285t

source: 80 FR 53744, Sept. 8, 2015, unless otherwise noted.

cite as: 42 CFR 52i.12