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Oklahoma Administrative Code (Last Updated: March 11, 2021) |
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TITLE 330. Oklahoma Housing Finance Agency |
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Chapter 45. Housing Opportunities for Persons with Aids Program |
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Subchapter 11. Funding |
SECTION 330:45-11-3. Deobligation
Latest version.
- (a) OHFA reserves the right to cancel the Grant, in whole or in part, if performance is not made in accordance with the terms specified in these Chapter 45 Rules and the RFP.(b) No suspension or termination will affect any expenditures or legally binding commitments made prior to receiving notice of suspension or termination. Upon suspension or termination, the disposition of unexpended Grant funds will be subjected to OHFA's discretion.(c) OHFA may suspend or terminate the Grant, in whole or in part, with or without cause which shall include, but are not limited to the following:(1) Failure of the Recipient to comply with the approved Application, with the applicable Federal and State laws and the terms of the RFP or these Chapter 45 Rules, or with such directives as may become generally acceptable at the time.(2) Submission of reports to OHFA by the Recipient which are inconsistent with the detailed specifications.(3) Improper use of funds by the Recipient.