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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 43 - Public Lands: Interior |
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Subtitle A - Office of the Secretary of the Interior |
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Part 12 - [Reserved] |
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Subpart C - Uniform Administrative Requirements for Grants and Cooperative Agreements to State and Local Governments |
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After-the-Grant Requirements |
§ 12.91 - 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 § 12.82;
(d) Property management requirements in §§ 12.71 and 12.72; and
(e) Audit requirements in § 12.66.