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2 C.F.R. §200.344 - Closeout

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Cite as2 C.F.R. §200.344
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2 firm's commentaries
  • Revised UG Ups Micro-Purchase Level, Eases Award Termination, Addresses Indirect Rates
    • United States
    • JD Supra United States
    • 25 Noviembre 2020
    ...“if there’s an organization-wide finding that might impact your subawards, you can’t ignore it.” As noted earlier, OMB made changes to 2 C.F.R. § 200.344, which deals with closeout, giving PTEs 120 days to “submit closeout reports and liquidate all financial obligations,” but is “leaving in......
  • OMB Issues Extensive Revisions to the Uniform Guidance
    • United States
    • JD Supra United States
    • 7 Octubre 2020
    ...to 120 days to "support timely closeout of awards, improve the accuracy of final closeout reporting, and reduce recipient burden." See 2 C.F.R. § 200.344. While recipients will surely benefit from an increased closeout period, it is important to note that this change comes with increased co......

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