§ 80.51 - Later disallowances and adjustments.  


Latest version.
  • 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)