When going to Grants > File Maintenance for Grants\Recurring Grants from Fund Distributions and clicking the Application Defaults button the error occurs.
This issue is caused by there being an older version of the program in the custom folder. This can be renamed so that it will not run and if it is verified that there is no custom coding surrounding this program. After verifying that the current program works, the older one the custom folder can be deleted.
Steps to Duplicate
1. Go to Grants > File Maintenance for Grants\Recurring Grants from Fund Distributions