45 CFR 74.72 : Public Welfare (Section 1.1 To Parts 2556-2599) — Department Of Health And Human Services (Parts 1 - 199) (Section 1.1 To Parts 171-199) — General Administration (Parts 1 - 100) (Section 1.1 To Section 100.13) — Uniform Administrative Requirements For Awards And Subawards To Institutions Of Higher Education... (Appendix A To Part 74 To Section 74.91) — After-The-Award Requirements (Section 74.70 To Section 74.73) — Subsequent adjustments and continuing responsibilities.

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

(1) The right of the HHS awarding agency to disallow costs and recover funds on the basis of a later audit or other review.

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

(3) Audit requirements in § 74.26.

(4) Property management requirements in §§ 74.31 through 74.37.

(5) Records retention requirements in § 74.53.

(b) After closeout of an award, a relationship created under an award may be modified or ended in whole or in part with the consent of the HHS awarding agency and the recipient, provided the responsibilities of the recipient referred to in § 74.72(a), including those for property management as applicable, are considered and provisions made for continuing responsibilities of the recipient, as appropriate.