Code of Federal Regulations (Last Updated: February 15, 2024) |
Title 34 - Education |
Subtitle A - Office of the Secretary, Department of Education |
Part 80 - [Reserved] |
Subpart D - After-the-Grant Requirements |
§ 80.51 - Later disallowances and adjustments.
Latest version.
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The closeout of a grant does not affect:
(a) The Federal agency's right to disallow costs and recover funds on the basis of a later audit or other review;
(b) The grantee's obligation to return any funds due as a result of later refunds, corrections, or other transactions;
(c) Records retention as required in §80.42;
(d) Property management requirements in §§80.31 and 80.32; and
(e) Audit requirements in §80.26.
(Authority: 20 U.S.C. 3474; OMB Circular A-102)