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Content Last Revised: 9/2/94
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CFR  

Code of Federal Regulations Pertaining to U.S. Department of Labor

Title 20  

Employees' Benefits

 

Chapter V  

Employment and Training Administration, Department of Labor

 

 

Part 627  

General Provisions Governing Programs Under Titles I, II, and III of the Act

 

 

 

Subpart D  

Administrative Standards

20 CFR 627.490 - Later disallowances and adjustments after closeout.

  • Section Number: 627.490
  • Section Name: Later disallowances and adjustments after closeout. 
    The closeout of a grant does not affect:

    (a) The Grant Officer's right to disallow costs and recover funds on 

the basis of a later audit or other review;

    (b) The recipient's obligation to return any funds due as a result 

of later refunds, corrections, subrecipient audit disallowances, or 

other transactions;

    (c) Records retention requirements in Sec. 627.460 of this part, 

Requirements for records, and Sec. 627.463 of this part, Public access 

to records;

    (d) Property management requirements in Sec. 627.465 of this part, 

Property management standards; and

    (e) Audit and audit resolution requirements in Sec. 627.480 of this 

part, Audits and Sec. 627.481 of this part, Audit resolution.
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