[Code of Federal Regulations]

[Title 34, Volume 1]

[Revised as of July 1, 2006]

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

[CITE: 34CFR80.51]



[Page 228]

 

                           TITLE 34--EDUCATION

 

PART 80_UNIFORM ADMINISTRATIVE REQUIREMENTS FOR GRANTS AND COOPERATIVE 

AGREEMENTS TO STATE AND LOCAL GOVERNMENTS--Table of Contents

 

                 Subpart D_After-the-Grant Requirements

 

Sec.  80.51  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.  80.42;

    (d) Property management requirements in Sec. Sec.  80.31 and 80.32; 

and

    (e) Audit requirements in Sec.  80.26.



(Authority: 20 U.S.C. 3474; OMB Circular A-102)