4723-25-16. Reversion of funding

(A) Grant recipients shall return to the board any unexpended grant funds that remain at the end of the grant period.

(B) Unexpended grant funds shall also be promptly returned to the board upon receipt of notice that any of the following have occurred:

(1) The grantee has failed to spend the grant funds according to the grant proposal approved by the board;

(2) The grantee has failed to comply with any provision included in the acknowledgment of terms as required by rule 4723-25-14 of the Administrative Code; or

(3) The grantee no longer maintains its status as a nurse education program approved by the board under section 4723.06 of the Revised Code, or by the board of regents under section 3333.04 of the Revised Code.

Five Year Review (FYR) Dates: 10/11/2019 and 10/11/2024
Promulgated Under: 119.03
Statutory Authority: ORC 4723.063
Rule Amplifies: ORC 4723.063
Prior Effective Dates: 02/01/2005, 02/01/2010

Prior History: (Five Year Review (FYR) Dates: 10/15/2014 and 10/15/2019
Promulgated Under: 119.03
Statutory Authority: 4723.063
Rule Amplifies: 4723.063
Prior Effective Dates: 02/01/2005, 02/01/2010)