[Code of Federal Regulations]

[Title 7, Volume 15]

[Revised as of January 1, 2006]

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

[CITE: 7CFR3016.51]



[Page 181]

 

                          TITLE 7--AGRICULTURE

 

                         CHAPTER XXX--OFFICE OF

                      THE CHIEF FINANCIAL OFFICER,

                        DEPARTMENT OF AGRICULTURE

 

PART 3016_UNIFORM ADMINISTRATIVE REQUIREMENTS FOR GRANTS AND COOPERATIVE 

AGREEMENTS TO STATE AND LOCAL GOVERNMENTS--Table of Contents

 

                 Subpart D_After-the-Grant Requirements

 

Sec. 3016.51  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. 3016.42;

    (d) Property management requirements in Sec. Sec. 3016.31 and 

3016.32; and

    (e) Audit requirements in Sec. 3016.26.