04 NCAC 19N .0505 GRANT CLOSEOUTS
ESGP grants will be closed out by NRCD in the following circumstances:
(1) NRCD will initiate closeout procedures after NRCD determines, in consultation with the recipient, that there are no impediments to closeout and that all ESGP funds have been expended.
(2) Termination of grant for mutual convenience. Grant assistance provided under this Subchapter may be cancelled, in whole or in part, by NRCD or the recipient, prior to the completion of the approved ESGP Program, when both parties agree that the continuation of the program no longer is feasible or would not produce beneficial results commensurate with the further expenditure of funds.
(3) Termination for cause. The Secretary may terminate the recipient's entire grant, or the remaining balance thereof, in accordance with Rule .0604 of this Subchapter.
History Note: Filed as a Temporary Rule Eff. June 30, 1987, for a period of 120 days to expire on
October 21, 1987;
Filed as a Temporary Rule Eff. March 2, 1987, for a period of 120 days to expire on
June 30, 1987;
Authority G.S. 143‑323; 143B‑10; 159‑34; 24 C.F.R. 575.61;
Eff. September 1, 1987.