[Code of Federal Regulations]

[Title 45, Volume 3]

[Revised as of October 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 45CFR602.51]



[Page 68]

 

                        TITLE 45--PUBLIC WELFARE

 

                 CHAPTER VI--NATIONAL SCIENCE FOUNDATION

 

PART 602_UNIFORM ADMINISTRATIVE REQUIREMENTS FOR GRANTS AND COOPERATIVE 

AGREEMENTS TO STATE AND LOCAL GOVERNMENTS--Table of Contents

 

                 Subpart D_After-the-Grant Requirements

 

Sec. 602.51  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. 602.42;

    (d) Property management requirements in Sec. Sec. 602.31 and 

602.32; and

    (e) Audit requirements in Sec. 602.26.