§2541.510    Later disallowances and adjustments.

The closeout of a grant does not affect:

(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 §2541.420;

(d) Property management requirements in §§2541.3120 and 2541.320; and

(e) Audit requirements in §2541.410.