[Code of Federal Regulations]

[Title 49, Volume 1]

[Revised as of October 1, 2005]

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

[CITE: 49CFR18.51]



[Page 148]

 

                        TITLE 49--TRANSPORTATION

 

          Subtitle A--Office of the Secretary of Transportation

 

PART 18_UNIFORM ADMINISTRATIVE REQUIREMENTS FOR GRANTS AND COOPERATIVE 

AGREEMENTS TO STATE AND LOCAL GOVERNMENTS--Table of Contents

 

                 Subpart D_After-The-Grant Requirements

 

Sec. 18.51  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. 18.42;

    (d) Property management requirements in Sec. Sec. 18.31 and 18.32; 

and

    (e) Audit requirements in Sec. 18.26.