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Current as of October 02, 2022 | Updated by FindLaw Staff
(a) The closeout of a Federal award does not affect any of the following:
(1) The right of the HHS awarding agency or pass-through entity to disallow costs and recover funds on the basis of a later audit or other review. The HHS awarding agency or pass-through entity must make any cost disallowance determination and notify the non–Federal entity within the record retention period.
(2) The obligation of the non–Federal entity to return any funds due as a result of later refunds, corrections, or other transactions including final indirect cost rate adjustments.
(3) Audit requirements in subpart F of this part.
(b) After closeout of the Federal award, a relationship created under the Federal award may be modified or ended in whole or in part with the consent of the HHS awarding agency or pass-through entity and the non–Federal entity, provided the responsibilities of the non–Federal entity referred to in paragraph (a) of this section, including those for property management as applicable, are considered and provisions made for continuing responsibilities of the non–Federal entity, as appropriate.
Cite this article: FindLaw.com - Code of Federal Regulations Title 45. Public Welfare § 45.75.386 Post–closeout adjustments and continuing responsibilities - last updated October 02, 2022 | https://codes.findlaw.com/cfr/title-45-public-welfare/cfr-sect-45-75-386/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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