§ 3015.4 - Special restrictive terms.


Latest version.
  • (a) Occasionally an awarding agency, or a recipient awarding a subgrant, may find that a particular recipient:

    (1) Is financially unstable,

    (2) Has a history of poor performance, or

    (3) Has a management system that does not meet the standards in this part.

    (b) At the time an awarding agency imposes a special grant condition under paragraph (a) of this section, the awarding agency, through O&F, shall notify OMB and other interested parties.

    (c) At the time a recipient imposes a special restrictive subgrant condition under paragraph (a) of this section, it must notify the awarding agency, giving full particulars. The awarding agency, through O&F, shall then notify OMB and other interested parties.

    (d) A special restrictive grant or subgrant condition under paragraph (a) of this section is considered consistent with this part.