[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: 49CFR19.71]



[Page 175]

 

                        TITLE 49--TRANSPORTATION

 

          Subtitle A--Office of the Secretary of Transportation

 

PART 19_UNIFORM ADMINISTRATIVE REQUIREMENTS FOR GRANTS AND AGREEMENTS 

WITH INSTITUTIONS OF HIGHER EDUCATION, HOSPITALS, AND OTHER NON-PROFIT 

ORGANIZATIONS--Table of Contents

 

                 Subpart D_After-the-Award Requirements

 

Sec. 19.71  Closeout procedures.



    (a) Recipients shall submit, within 90 calendar days after the date 

of completion of the award, all financial, performance, and other 

reports as required by the terms and conditions of the award. The 

Federal awarding agency may approve extensions when requested by the 

recipient.

    (b) Unless the Federal awarding agency authorizes an extension, a 

recipient shall liquidate all obligations incurred under the award not 

later than 90 calendar days after the funding period or the date of 

completion as specified in the terms and conditions of the award or in 

agency implementing instructions.

    (c) The Federal awarding agency shall make prompt payments to a 

recipient for allowable reimbursable costs under the award being closed 

out.

    (d) The recipient shall promptly refund any balances of unobligated 

cash that the Federal awarding agency has advanced or paid and that is 

not authorized to be retained by the recipient for use in other 

projects. OMB Circular A-129 governs unreturned amounts that become 

delinquent debts.

    (e) When authorized by the terms and conditions of the award, the 

Federal awarding agency shall make a settlement for any upward or 

downward adjustments to the Federal share of costs after closeout 

reports are received.

    (f) The recipient shall account for any real and personal property 

acquired with Federal funds or received from the Federal Government in 

accordance with Sec. Sec. 19.31 through 19.37.

    (g) In the event a final audit has not been performed prior to the 

closeout of an award, the Federal awarding agency shall retain the right 

to recover an appropriate amount after fully considering the 

recommendations on disallowed costs resulting from the final audit.