15 C.F.R. § 24.51 Later disallowances and adjustments.
Title 15 - Commerce and Foreign Trade
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 §24.42; (d) Property management requirements in §§24.31 and 24.32; and (e) Audit requirements in §24.26.
Title 15: Commerce and Foreign Trade
PART 24—UNIFORM ADMINISTRATIVE REQUIREMENTS FOR GRANTS AND COOPERATIVE AGREEMENTS TO STATE AND LOCAL GOVERNMENTS
Subpart D—After-the-Grant Requirements
§ 24.51 Later disallowances and adjustments.
