- (a) Prohibition.— Recipients of grants under this chapter may not dispose of or convert property or equipment acquired with a grant for purposes other than the purposes approved in the project application without the prior written approval of the agency awarding the grant.
(b) Remedy.— If a violation of subsection (a) occurs, the agency may:
- (1) Require the recipient to refund all grants related to the project, including 10% annual interest compounded four times annually, from the date the original grant was received until the grant is repaid.
- (2) Require acquisition by the recipient of equivalent replacement property, as determined by the agency.
- (3) Take possession of the property or equipment funded by the agency.