80.51—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 § 80.42 ;
(d) Property management requirements in §§ 80.31 and 80.32; and
(e) Audit requirements in § 80.26.

Code of Federal Regulations

(Authority: 20 U.S.C. 3474 ; OMB Circular A-102)