By submitting this application the Chapter acknowledges that, upon approval of the Triangle Education Foundation, is an executed grant agreement. Accordingly,
in consideration of receipt of the Grant and to induce the Foundation to make
the Grant, the Chapter agrees as follows:
- It is understood
that said Grant will be used exclusively for the educational purposes outlined
in the attached proposal during the current academic year.
- The Chapter agrees
to provide receipts and a detailed income/expense statement for stated purposes
no later than 30 days from the completion of the program. Any Grant moneys unused at the conclusion of
the program will be returned to the Foundation.
- The Chapter agrees
to return the full amount of the Grant upon demand, in the event that it is
determined that the use of the Grant is no longer in strict compliance with the
attached proposal and the rules and regulations of the Internal Revenue
Service.