§105-71.151. Later disallowances and adjustments.
41 C.F.R. § 105-71.151
The closeout of a grant does not affect:
The Federal agency's right to disallow costs and recover funds on the basis of a later audit or other review;
The grantee's obligation to return any funds due as a result of later refunds, corrections, or other transactions;
Records retention as required in § 105-71.142;
Property management requirements in §§ 105-71.131 and 105-71.132; and
Audit requirements in § 105-71.126.
Notes, amendments, and revision history
Authority
Authority: Sec. 205(c), 63 Stat. 390, (40 U.S.C. 486(c)).
Source
Source: 58 FR 43270, Aug. 16, 1993, unless otherwise noted.