[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: 49CFR19.72]



[Page 175-176]

 

                        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. 19.72  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.



[[Page 176]]



    (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. 19.26.

    (4) Property management requirements in Sec. Sec. 19.31 through 

19.37.

    (5) Records retention as required in Sec. 19.53.

    (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. 19.73(a), 

including those for property management as applicable, are considered 

and provisions made for continuing responsibilities of the recipient, as 

appropriate.