Section 950.190  Additional Notification Requirements

The applicant shall notify the Director within 30 days of any changes in top-level management of the business or of any plans for sale, public offering or lease of the business that materially differ from the original intent of the grant application.  Any sale, public offering or lease of the business that was not suggested or defined in the grant request requires a prior approval of the Director during the pendency of any grant approved.  If the notification and prior approval required in this Section are not satisfied, the Director may cease any further grant payments and consider the grant in default.