45 CFR 602.51 - Later disallowances and adjustments.

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Title 45: Public Welfare

SUBTITLE B: Regulations Relating to Public Welfare (Continued)

CHAPTER VI: NATIONAL SCIENCE FOUNDATION

PART 602: UNIFORM ADMINISTRATIVE REQUIREMENTS FOR GRANTS AND COOPERATIVE AGREEMENTS TO STATE AND LOCAL GOVERNMENTS

Subpart D: After-the-Grant Requirements

602.51 - Later disallowances and adjustments.

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.

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