1. 1. If a grantee significantly modifies a project that has received funding pursuant to NRS 439A.350 to 439A.398, inclusive, or if there are changes in the availability of funding for such a project, the grantee shall immediately notify the Authority and submit to the Authority a revised plan for the project. Upon receiving such notification, the Authority may, to ensure that money from the Account is used efficiently and effectively in a manner that complies with NRS 439A.374, adjust the terms of the funding agreement, including, without limitation, the terms for disbursement and the amount of funding, or suspend or terminate the funding agreement.

2. 2. If a grantee terminates a project that has received funding pursuant to NRS 439A.350 to 439A.398, inclusive, before the date of termination specified in the applicable funding agreement or if such a project remains inactive for 12 consecutive months, the grantee shall:

   1. (a) Notify the Authority; and
   2. (b) Submit to the Authority a revised plan for the project.

3. 3. Upon receiving notice pursuant to subsection 2 of the early termination or inactivity of a project, the Authority may:

   1. (a) Place a lien or other security interest on assets related to the project until at least half of the goals and indicators of performance included in the applicable funding agreement are met;
   2. (b) Reallocate unspent money to other approved projects or deposit unspent money in the Account to support grants for other projects pursuant to NRS 439A.350 to 439A.398, inclusive;
   3. (c) Require the grantee to take corrective action within 60 days;
   4. (d) Suspend or terminate the grant;
   5. (e) Require the grantee to repay money previously disbursed; or
   6. (f) Take any combination of the actions described in paragraphs (a) to (e), inclusive.

4. 4. Not later than 60 days after the early termination of a project for which a grantee received a grant pursuant to NRS 439A.350 to 439A.398, inclusive, a grantee shall submit to the Authority a report which includes, without limitation:

   1. (a) The total amount of money spent on the project;
   2. (b) The amount of money disbursed from the Account that was spent on the project;
   3. (c) The reasons for the early termination of the project; and
   4. (d) A proposed plan to repay money disbursed from the Account, if required by the Authority.

(Added to NRS by 2025, 36th Special Session, 172)