[Code of Federal Regulations]
[Title 28, Volume 2]
[Revised as of July 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 28CFR70.71]

[Page 280]
 
                    TITLE 28--JUDICIAL ADMINISTRATION
 
              CHAPTER I--DEPARTMENT OF JUSTICE (Continued)
 
  PART 70--UNIFORM ADMINISTRATIVE REQUIREMENTS FOR GRANTS AND AGREEMENTS (INCLUDING SUBAWARDS) WITH INSTITUTIONS OF HIGHER EDUCATION, HOSPITALS AND OTHER NON-
PROFIT ORGANIZATIONS--Table of Contents
 
                 Subpart D--After-the-Award Requirements
 
Sec. 70.71  Closeout procedures.

    (a) Recipients must submit, within 90 calendar days after the date 
of completion of the award, all financial, performance, and other 
reports as required by the terms and conditions of the award. The 
Department may approve extensions when requested in writing by the 
recipient.
    (b) Unless the Department authorizes an extension, a recipient must 
liquidate all obligations incurred under the award not later than ninety 
calendar days after the funding period or the date of completion as 
specified in the terms and conditions of the award or in agency 
implementing instructions.
    (c) The Department will make prompt payments to a recipient for 
allowable reimbursable costs under the award being closed out.
    (d) The recipient must promptly refund any balances of unobligated 
cash that the Department has advanced or paid and that is not authorized 
to be retained by the recipient for use in other projects. OMB Circular 
A-129 governs unreturned amounts that become delinquent debts.
    (e) When authorized by the terms and conditions of the award, the 
Department will make a settlement for any upward or downward adjustments 
to the Federal share of costs after closeout reports are received.
    (f) The recipient must account for any real and personal property 
acquired with Federal funds or received from the Federal Government in 
accordance with Secs. 70.31 through 70.37.
    (g) In the event a final audit has not been performed prior to the 
closeout of an award, the Department retains the right to recover an 
appropriate amount after fully considering the recommendations on 
disallowed costs resulting from the final audit.