Office of Vocational and Adult Education; Intent to Repay to the Iowa State Board for Vocational Education Funds Recovered as a Result of a Final Audit Determination

Samenvatting

Under section 459 of the General Education Provisions Act (GEPA), 20 U.S.C. 1234h (1988), the Secretary of Education (Secretary) intends to repay to the Iowa Department of Education (Iowa), under a grantback arrangement, an amount equal to 75 percent of the principal amount of Vocational Education Basic Grant funds recovered by the U.S. Department of Education (Department) as a result of the final audit determination (ACN: 07-82144) in this matter. The Department's recovery of funds followed a settlement reached between the parties under which Iowa refunded $178,500 in principal, to the Department in full resolution of the Department's final audit determination for fiscal year (FY) 1986. This notice describes Iowa's plan for the use of the repaid Vocational Education funds and the terms and conditions under which the Secretary intends to make those funds available. This notice invites comments on the proposed grantback.