sec.14Chief executive must notify funded entities about declaration

sec.14 Chief executive must notify funded entities about declaration

This section applies if, after a funded entity enters into a funding agreement or receives funding, the funding becomes the subject of a funding declaration. The chief executive must give the funded entity notice of the funding declaration within 1 month after the declaration is made. The notice must include information about the powers that can be exercised in relation to the funding under this Act. Failure to comply with subsection (2) does not affect the validity of the funding declaration. s 14 sub 2014 No. 12 s 8 (sec.14-ssec.1) This section applies if, after a funded entity enters into a funding agreement or receives funding, the funding becomes the subject of a funding declaration. (sec.14-ssec.2) The chief executive must give the funded entity notice of the funding declaration within 1 month after the declaration is made. (sec.14-ssec.3) The notice must include information about the powers that can be exercised in relation to the funding under this Act. (sec.14-ssec.4) Failure to comply with subsection (2) does not affect the validity of the funding declaration.