Any grant funds which have been misspent or are being improperly held are subject to recovery by the grantor agency which made the grant or alternatively by the Attorney General. The grantor agency making the grant shall take affirmative and timely action to recover all misspent or improperly held grant funds. In order to effectuate the recovery of such grant funds, the grantor agency making the grant is authorized to use any one or a combination of the following:
     (a) offset against existing grants of, or future grants to be made by, the grantor agency making the recovery;
     (b) authorize the offset from existing grants or grants to be made by other grantor agencies;
     (c) authorize the Comptroller to offset any payment from any funds administered by the Comptroller for payment to the grantee, including, but not limited to, distributions of appropriated funds and payment of refunds;
     (d) initiate any debt collection method authorized by law to any private person; or
     (e) remove the grantee from any of the grantor agency’s programs and forbid the grantee’s participation in any such future grant programs for a period not to exceed 2 years.
     The provisions of this Section are subject to Section 14.