[Code of Federal Regulations]

[Title 24, Volume 1]

[Revised as of April 1, 2006]

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

[CITE: 24CFR84.72]



[Page 500-501]

 

                 TITLE 24--HOUSING AND URBAN DEVELOPMENT

 

PART 84_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.  84.72  Subsequent adjustments and continuing responsibilities.



    (a) The closeout of an award does not affect any of the following.



[[Page 501]]



    (1) The right of HUD to disallow costs and recover funds on the 

basis of a later audit or other review.

    (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.  84.26.

    (4) Property management requirements in Sec. Sec.  84.31 through 

84.37.

    (5) Records retention as required in Sec.  84.53.

    (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 

HUD and the recipient, provided the responsibilities of the recipient 

referred to in Sec.  84.73(a), including those for property management 

as applicable, are considered and provisions made for continuing 

responsibilities of the recipient, as appropriate.