CFR /  Title 7  /  Part 550  /  Sec. 550.61 Subsequent adjustments and continuing responsibilities.

The closeout of an award does not affect any of the following:

(a) The right of the REE Agency to disallow costs and recover funds on the basis of a later audit or other review.

(b) The obligation of the Cooperator to return any funds due as a result of later refunds, corrections, or other transactions.

(c) Audit requirements in Sec. 550.24.

(d) Property management requirements in Sec. Sec. 550.36 through 550.42.

(e) Records retention as required in Sec. 550.56.