[Code of Federal Regulations] [Title 22, Volume 1] [Revised as of April 1, 2004] From the U.S. Government Printing Office via GPO Access [CITE: 22CFR135.51] [Page 559-560] TITLE 22--FOREIGN RELATIONS CHAPTER I--DEPARTMENT OF STATE PART 135_UNIFORM ADMINISTRATIVE REQUIREMENTS FOR GRANTS AND COOPERATIVE AGREEMENTS TO STATE AND LOCAL GOVERNMENTS--Table of Contents Subpart D_After-The-Grant Requirements Sec. 135.51 Later disallowances and adjustments. The closeout of a grant does not affect: [[Page 560]] (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 Sec. 135.42; (d) Property management requirements in Sec. Sec. 135.31 and 135.32; and (e) Audit requirements in Sec. 135.26.