Intent To Repay to the Washington State Board for Vocational Education Funds Recovered as a Result of Two Final Audit Determinations

Zusammenfassung

Under section 459 of the General Education Provisions Act (GEPA), 20 U.S.C. 1234h, the Secretary of Education (Secretary) intends to repay to the Washington State Board for Vocational Education (Washington), under a grantback arrangement, an amount equal to 75 percent of the principal amount of funds recovered by the U.S. Department of Education (Department) as a result of the final audit determinations in this matter. The Department's recovery of funds followed settlements reached between the parties under which Washington refunded $49,500 (ACN: 10-03372G) and $50,000 (ACN: 10-13343G), equalling a total of $99,500 in principal, to the Department in full resolution of the Department's final audit determinations for fiscal years (FYs) 1989 and 1990. This notice describes Washington's plan for the use of the repaid funds and the terms and conditions under which the Secretary intends to make those funds available. This notice invites comments on the proposed grantback.