CDBG Project Closure Clause Samples

CDBG Project Closure. The Subrecipient shall complete the Project Closeout Report and submit all required attachments and documentation requested for review by MSF Staff. The process for closing out CDBG Revolving Loan Fund Projects is promulgated in the GAM and is regularly updated. Repayments received on projects which are considered by the MSF as both “Closed” and “Successful” are no longer subject to Program Income restrictions and are instead subject to a certain “Repaid Funds Agreement” which shall be executed concurrently by the Subrecipient.