(b) Termination of a grant for cause.

1. (1) A grant may be terminated by the board if the board determines that the grantee is unable or unwilling to complete or meet the conditions of the grant as set forth in the grant application or has failed to meet any material condition of the grant.
2. (2) If a grant is terminated, grant funds shall be reimbursed in accordance with this part.
3. (3) Funds returned shall become part of the grant funds.

(c) Funds forfeited.

1. (1) If, within a three-year period beginning on the date that the district awards a grant, the grantee does not meet the conditions of the grant prescribed under this part, the district may order the grantee to reimburse the grant award plus interest moneys earned from the holding of grant funds by grant recipient.
2. (2) If the grantee fails to meet the conditions in the first year after the grant award, the grantee may be required to reimburse one hundred percent (100%) of the grant.
3. (3) If the grantee fails to meet the conditions in the second year of the grant award, the grantee may be required to reimburse sixty-six percent (66%) of the grant.
4. (4) If the grantee fails to meet the conditions in the third year after the grant award, the grantee may be required to reimburse thirty-three percent (33%) of the grant.

(d) Earned interest on grant awards.

1. (1) Interest moneys earned from the holding of grant funds by grant recipients shall be used exclusively for the purposes approved in the grant.
2. (2) It shall be the responsibility of grantees to monitor the collection of earned interest and direct interest moneys to the project supported by the grant award.