173-11-06 Reversionary interest.

(A) The department shall retain a reversionary interest in all funds awarded under this chapter of the Administrative Code for a period of no less than ten years following the last day of the fiscal year for which the grant funds were awarded.

(B) Each AAA shall verify, on an annual basis, the status of all projects funded by the department within its respective 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 prior to the end of the ten year period. In the event that an AAA is unable to recover funds in accordance with this rule, the AAA shall notify the department and the department shall attempt to collect the funds through the attorney general’s office.

(C) Any AAA which recovers funds in accordance with this rule shall utilize those funds to fund the construction, acquisition, repair, and/or renovation of other senior centers within its PSA. Any funds recovered by the department shall be returned to the state’s general revenue fund.

Effective: 05/16/2005

R.C. 119.032 review dates: 10/14/2004 and 10/16/2009

Promulgated Under: 119.03

Statutory Authority: 173.02, 173.11

Rule Amplifies: 173.11, 173.12

Prior Effective Dates: 8/9/00, 1/2/98