[Code of Federal Regulations]
[Title 41, Volume 3]
[Revised as of July 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 41CFR105-71.151]

[Page 507]
 
           TITLE 41--PUBLIC CONTRACTS AND PROPERTY MANAGEMENT
 
              CHAPTER 105--GENERAL SERVICES ADMINISTRATION
 
PART 105-71--UNIFORM ADMINISTRATIVE REQUIREMENTS FOR GRANTS AND COOPERATIVE 
AGREEMENTS WITH STATE AND LOCAL GOVERNMENTS--Table of Contents
 
             Subpart 105-71.15--After-the-Grant Requirements
 
Sec. 105-71.151  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 Sec. 105-71.142;
    (d) Property management requirements in Sec. 105-71.131 and Sec. 
105-71.132; and
    (e) Audit requirements in Sec. 105-71.126.