CLOSEOUT AGREEMENT. If required by the Grant Agreement, Subgrantee shall enter into and comply with the terms of a Closeout Agreement. NO FINANCIAL CHANGE: Subgrantee shall make no material change in the financial or operational aspects of its business, specifically including but not limited to the borrowing of additional money, the granting of additional liens significantly altering the plan for capital expenditures, salaries of partners or employees, or Subgrantee's product or service, without the prior written consent of Grantee, except as otherwise provided for in this Subgrant Agreement.
CLOSEOUT AGREEMENT. If required by the Grant Agreement, Subgrantee shall enter into and comply with the terms of a Closeout Agreement.
CLOSEOUT AGREEMENT. If required by the Grant Agreement, Borrower shall enter into and comply with the terms of a Closeout Agreement.
CLOSEOUT AGREEMENT. Any obliga- tions remaining as of the date of the closeout must be covered by the terms of a closeout agreement. The agree- ment will be prepared by HUD in con- sultation with the recipient. The agree- ment must identify the grant being closed out, and include provisions with respect to the following:
(1) Identification of any closeout costs or contingent liabilities subject to payment with Continuum of Care program funds after the closeout agree- ment is signed;
(2) Identification of any unused grant funds to be deobligated by HUD;
(3) Identification of any program in- come on deposit in financial institu- tions at the time the closeout agree- ment is signed;
(4) Description of the recipient’s re- sponsibility after closeout for:
(i) Compliance with all program re- quirements in using program income on deposit at the time the closeout agreement is signed and in using any other remaining Continuum of Care program funds available for closeout costs and contingent liabilities;
(ii) Use of real property assisted with Continuum of Care program funds in accordance with the terms of commit- ment and principles;
(iii) Use of personal property pur- chased with Continuum of Care pro- gram funds; and
(iv) Compliance with requirements governing program income received subsequent to grant closeout.
(5) Other provisions appropriate to any special circumstances of the grant closeout, in modification of or in addi- tion to the obligations in paragraphs (c)(1) through (4) of this section. Sec. 581.1 Definitions. 581.2 Applicability. 581.3 Collecting the information. 581.4 Suitability determination. 581.5 Real property reported excess to GSA. 581.6 Suitability criteria. 581.7 Determination of availability. 581.8 Public notice of determination. 581.9 Application process. 581.10 Action on approved applications. 581.11 Unsuitable properties. 581.12 No applications approved. 581.13 Waivers. AUTHORITY: 42 U.S.C. 11411 note; 42 U.S.C. 3535(d). SOURCE: 56 FR 23794, 23795, May 24, 1991, un- less otherwise noted.
CLOSEOUT AGREEMENT. At the completion of the Project, Subgrantee shall enter into and comply with the terms of a Closeout Agreement.
CLOSEOUT AGREEMENT. At such time as the funds have been disbursed, but no later than October 31, 2025, the Subrecipient will file a cumulative report. If any unexpended funds held by the Subrecipient are discovered by the County or the Subrecipient, those funds will DocuSign Envelope ID: 61E8ED7B-788D-4CA1-AEC8-2D5DEEDFEF89 DocuSign Envelope ID: 8306BA73-CBBB-44EF-A789-54E8C8A33D1A be refunded to the Board when discovered or no later than November 30, 2025. Notwithstanding the reporting requirements outlined above, once the funds are returned, no additional reports will be required, except as stated below.
