Section 41-23-66 Disbursed Grant Funds Not Utilized to Revert to Loans; Repayment.
If grant funds are not used for the approved purpose within two years, they convert to loans and must be repaid over five years unless the grantee chooses a shorter schedule.
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- Jurisdiction
- United States — Alabama
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- Act or statute
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- Undated source snapshot
- Language
- en
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fund recapture grant administration repayment
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Section 41-23-66 Disbursed Grant Funds Not Utilized to Revert to Loans; Repayment.
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