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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 45 - Public Welfare |
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Subtitle B - Regulations Relating to Public Welfare |
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Chapter VI - National Science Foundation |
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Part 602 - UNIFORM ADMINISTRATIVE REQUIREMENTS FOR GRANTS AND COOPERATIVE AGREEMENTS TO STATE AND LOCAL GOVERNMENTS |
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Subpart D - After-the-Grant Requirements |
§ 602.51 - 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 §602.42;
(d) Property management requirements in §§602.31 and 602.32; and
(e) Audit requirements in §602.26.