SECTION 800.72. Reporting Requirements

(a) A Board or an AEL grant recipient shall submit a monthly financial report, including accrued expenditures and obligations, on or before the 20th calendar day of the following month that list information as required by the Commission for the reporting period.

(b) The Commission may require that a Board or an AEL grant recipient amend expenditure reports as the result of Commission reviews, audits, or other evaluations.

(c) A Board or an AEL grant recipient shall submit a contract closeout settlement package on or before 60 days following the end of the contract period.

(d) The Commission may suspend payments, advances, or reimbursements to Boards or an AEL grant recipient in the cash draw system if required financial reports or contract closeout settlement packages are not submitted by the deadline.

(e) The Agency's executive director may approve a Board's or an AEL grant recipient's request of extension for the submission of a required financial report or contract closeout settlement package, if such extension request is received on a timely basis with sufficient justification.

Source Note: The provisions of this §800.72 adopted to be effective September 3, 2001, 26 TexReg 6719; amended to be effective August 23, 2004, 29 TexReg 8148; amended to be effective February 24, 2014, 39 TexReg 1195