§ 1470.51. Later disallowances and adjustments.
72 words·~1 min read·
/us/cfr/t29/s§ 1470.51·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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 § 1470.42;
(d)Property management requirements in §§ 1470.31 and 1470.32; and
(e)Audit requirements in § 1470.26.