43 CFR 12.91 - Later disallowances and adjustments.

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Title 43: Public Lands: Interior

Subtitle A: Office of the Secretary of the Interior

PART 12: ADMINISTRATIVE AND AUDIT REQUIREMENTS AND COST PRINCIPLES FOR ASSISTANCE PROGRAMS

Subpart C: Uniform Administrative Requirements for Grants and Cooperative Agreements to State and Local Governments

: After-The-Grant Requirements

12.91 - 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 ? 12.82;

(d) Property management requirements in ?? 12.71 and 12.72; and

(e) Audit requirements in ? 12.66.

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