---
kind: "section"
citation: "29 C.F.R. § 1470.50"
title: "29"
number: "1470.50"
heading: "Closeout."
url: "https://uscodex.org/cfr/29/1470.50"
---

# §1470.50. Closeout.

- (a) **General.** The Federal agency will close out the award when it determines that all applicable administrative actions and all required work of the grant has been completed.
- (b) **Reports.** Within 90 days after the expiration or termination of the grant, the grantee must submit all financial, performance, and other reports required as a condition of the grant. Upon request by the grantee, Federal agencies may extend this timeframe. These may include but are not limited to:
  - (1) **Final performance or progress report.**
  - (2) Financial Status Report (SF-269) or Outlay Report and Request for Reimbursement for Construction Programs (SF-271) (as applicable).
  - (3) **Final request for payment (SF-270) (if applicable).**
  - (4) **Invention disclosure (if applicable).**
  - (5) **Federally-owned property report—**
- (c) **Cost adjustment.** The Federal agency will, within 90 days after receipt of reports in [paragraph (b)](#b) of this section, make upward or downward adjustments to the allowable costs.
- (d) **Cash adjustments.**
  - (1) The Federal agency will make prompt payment to the grantee for allowable reimbursable costs.
  - (2) The grantee must immediately refund to the Federal agency any balance of unobligated (unencumbered) cash advanced that is not authorized to be retained for use on other grants.

## Notes

### Authority

Authority: 29 U.S.C. 175a.

### Source

Source: 53 FR 8087, Mar. 11, 1988, unless otherwise noted.