Unless the Grants Management Officer (GMO) of the respective awarding agency approves an extension in writing, grantees must submit a final Financial Status Report, a Final Progress Report, a Final Invention Statement and Certification (as applicable) within 90 calendar days of the end of grant support.
Closeout may also affect the time period for retention of records by the grantee because the 3-year record retention period begins with the submission of the final FSR. See 45 CFR Part 74.53 and 45 CFR Part 92.42, “ Retention and access requirements for records.”
The importance of submitting accurate and complete reports on time was also discussed in prior NIH Guide Notices “Closeout Reports Required for NIH Assistance Awards”, “Modified Financial Reporting Requirements”, and “Late Financial Status Reports.”
General closeout definitions:
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