[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: 41CFR105-72.802]

[Page 532-533]
 
           TITLE 41--PUBLIC CONTRACTS AND PROPERTY MANAGEMENT
 
              CHAPTER 105--GENERAL SERVICES ADMINISTRATION
 
             Subpart 105-72.80--After-the-Award Requirements
 
Sec. 105-72.802  Subsequent adjustments and continuing responsibilities.

    (a) The closeout of an award does not affect any of the following.
    (1) The right of the Federal awarding agency to disallow costs and 
recover funds on the basis of a later audit or other review.
    (2) The obligation of the recipient to return any funds due as a 
result of later refunds, corrections, or other transactions.
    (3) Audit requirements in Sec. 105-72.306.
    (4) Property management requirements in Sec. 105-72.401 through Sec. 
105-72.407.
    (5) Records retention as required in Sec. 105-72.603.
    (b) After closeout of an award, a relationship created under an 
award may be modified or ended in whole or in part with the consent of 
the Federal awarding agency and the recipient, provided the 
responsibilities of the recipient referred to in Sec. 105-72.803(a), 
including those for property management

[[Page 533]]

as applicable, are considered and provisions made for continuing 
responsibilities of the recipient, as appropriate.