[Code of Federal Regulations]
[Title 20, Volume 2]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 20CFR437.50]

[Page 1180]
 
                      TITLE 20--EMPLOYEES' BENEFITS
 
               CHAPTER III--SOCIAL SECURITY ADMINISTRATION
 
PART 437_UNIFORM ADMINISTRATIVE REQUIREMENTS FOR GRANTS AND COOPERATIVE 
AGREEMENTS TO STATE AND LOCAL GOVERNMENTS--Table of Contents
 
                 Subpart D_After-the-Grant Requirements
 
Sec. 437.50  Closeout.


    (a) General. SSA will close out the award when it determines that 
all applicable administrative actions and all required work of the grant 
have been completed.
    (b) Reports. (1) Within 90 days after the expiration or termination 
of the grant, the grantee must submit all financial, performance, and 
other reports required as a condition of the grant. Upon request by the 
grantee, SSA may extend this timeframe. These may include but are not 
limited to:
    (i) Final performance or progress report.
    (ii) Financial Status Report (SF 269) or Outlay Report and Request 
for Reimbursement for Construction Programs (SF-271) (as applicable).
    (iii) Final request for payment (SF-270) (if applicable).
    (iv) Invention disclosure (if applicable).
    (v) Federally-owned property report:
    (2) In accordance with Sec. 437.32(f), a grantee must submit an 
inventory of all federally owned property (as distinct from property 
acquired with grant funds) for which it is accountable and request 
disposition instructions from SSA of property no longer needed.
    (c) Cost adjustment. SSA will, within 90 days after receipt of 
reports in paragraph (b) of this section, make upward or downward 
adjustments to the allowable costs.
    (d) Cash adjustments. (1) SSA will make prompt payment to the 
grantee for allowable reimbursable costs.
    (2) The grantee must immediately refund to SSA any balance of 
unobligated (unencumbered) cash advanced that is not authorized to be 
retained for use on other grants.