Office of Vocational and Adult Education; Intent To Repay to the Vermont Department of Education Funds Recovered as a Result of a Final Audit Determination

Resumo

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 State of Vermont Department of Education (Vermont), 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 determination in this matter. The Department's recovery of funds followed a settlement reached between the parties under which Vermont refunded a total of $10,000 in principal to the Department in full resolution of the Department's final audit determination (ACN: 01-23119) for fiscal year (FY) 1990. This notice describes Vermont'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.