[Code of Federal Regulations]

[Title 14, Volume 5]

[Revised as of January 1, 2006]

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

[CITE: 14CFR1273.51]



[Page 459-460]

 

                     TITLE 14--AERONAUTICS AND SPACE

 

                          SPACE ADMINISTRATION

 

PART 1273_UNIFORM ADMINISTRATIVE REQUIREMENTS FOR GRANTS AND COOPERATIVE 

AGREEMENTS TO STATE AND LOCAL GOVERNMENTS--Table of Contents

 

                 Subpart D_After-the-Grant Requirements

 

Sec. 1273.51  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;



[[Page 460]]



    (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. 1273.42;

    (d) Property management requirements in Sec. Sec. 1273.31 and 

1273.32; and

    (e) Audit requirements in Sec. 1273.26.