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TITLE 41 - PUBLIC CONTRACTS AND PROPERTY MANAGEMENT
SUBTITLE C - FEDERAL PROPERTY MANAGEMENT REGULATIONS SYSTEM
CHAPTER 105 - GENERAL SERVICES ADMINISTRATION
PART 105 - 72 - UNIFORM ADMINISTRATIVE REQUIREMENTS FOR GRANTS AND AGREEMENTS WITH INSTITUTIONS OF HIGHER EDUCATION, HOSPITALS, AND OTHER NON - PROFIT ORGANIZATIONS
105 - 72.802 - Subsequent adjustments and continuing responsibilities.
(a) The closeout of an award does not affect any of the following.
(1) The right of the Federal awarding agency to disallow costs and recover funds on the basis of a later audit or other review.
(2) The obligation of the recipient to return any funds due as a result of later refunds, corrections, or other transactions.
(3) Audit requirements in 10572.306.
(4) Property management requirements in 10572.401 through 10572.407.
(5) Records retention as required in 10572.603.
(b) After closeout of an award, a relationship created under an award may be modified or ended in whole or in part with the consent of the Federal awarding agency and the recipient, provided the responsibilities of the recipient referred to in 10572.803(a), including those for property management as applicable, are considered and provisions made for continuing responsibilities of the recipient, as appropriate.
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