StacksVerified U.S. regulatory reference

42 CFR §52i.12

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
  1. (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. (1)Withdraws or spends any part of the endowment fund corpus in violation of this part;
    2. (2)Spends any portion of the endowment fund income not permitted to be spent in this part;
    3. (3)Fails to invest the endowment fund corpus in accordance with the investment standards set forth in this part;
    4. (4)Fails to meet the requirements in § 52i.7; or
    5. (5)Otherwise fails to comply with the terms and conditions of the award.
  2. (b)Recovery of funds may include up to the amount of endowment awards plus any income earned.