[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.