43 C.F.R. § 12.91   Later disallowances and adjustments.


Title 43 - Public Lands: Interior


Title 43: Public Lands: Interior
PART 12—ADMINISTRATIVE AND AUDIT REQUIREMENTS AND COST PRINCIPLES FOR ASSISTANCE PROGRAMS
Subpart C—Uniform Administrative Requirements for Grants and Cooperative Agreements to State and Local Governments
After-the-Grant Requirements

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§ 12.91   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 §12.82;

(d) Property management requirements in §§12.71 and 12.72; and

(e) Audit requirements in §12.66.

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