173-11-06 Reversionary interest.

(A) ODA shall retain a reversionary interest in all grants it awards under this chapter for a period of no fewer than ten years after the last day of the fiscal year during which ODA awarded the grants.

(B) Each AAA shall verify, on an annual basis, the status of all senior facilities projects funded by ODA within its PSA. An AAA shall take steps to recover a prorated portion of any funds awarded to construct, acquire, repair, or renovate a facility that is no longer used in a manner consistent with the assurances provided by the facility's sponsors, or that has ceased serving as a senior center before the end of the ten-year period. In the event that an AAA is unable to recover funds, the AAA shall notify ODA and ODA shall attempt to collect the funds through the attorney general's office.

(C) Any AAA that recovers funds in accordance with this rule shall use the funds for the construction, acquisition, repair, or renovation of other senior centers within its PSA. If ODA recovers funds, it shall return the funds to the state's general revenue fund.

Replaces: 173-11-06

Effective: 01/08/2009
R.C. 119.032 review dates: 11/30/2013
Promulgated Under: 119.03
Statutory Authority: 173.02, 173.11
Rule Amplifies: 173.11, 173.12
Prior Effective Dates: 12/7/79, 1/2/1998, 8/19/2000, 5/16/2005