Code of Federal Regulations (alpha)

CFR /  Title 13  /  Part 307  /  Sec. 307.21 Termination of Revolving Loan Funds.

(a)(1) EDA may suspend or terminate an RLF Grant for cause, including the RLF Recipient's failure to:

(1) EDA may suspend or terminate an RLF Grant for cause, including the RLF Recipient's failure to:

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(viiii) Comply with the audit requirements set forth in OMB Circular A-133 and the related Compliance Supplement, including reference to the correctly valued EDA RLF Federal expenditures in the Schedule of Expenditures of Federal Awards (``SEFA''), timely submission of audit reports to the Federal Audit Clearinghouse, and the correct designation of the RLF as a ``major program'' (as that term is defined in OMB Circular A-133);

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