We find more and more that our clients have money left over from installment financings when the project is done. Perhaps the project ended up costing less than expected, perhaps an unexpected grant came through, or perhaps contingency funds weren’t needed. The question then arises: what can the local government do with the leftover money?
We created a decision-tree flowchart to help you answer that questions. You can see the flowchart here. We hope this will help you work through your issues and understand your options
Our flowchart is designed to present a general guide to this common issue. You always need to refer to your specific loan documents to see if there are different or additional restrictions. The rules and processes will also be different for different types of financings.