Common use of Closeout Process Clause in Contracts

Closeout Process. Closeout occurs when all required project work and all administrative procedures described in Title 23 (or 2 C.F.R. 200.343 - .345, as applicable) are completed, and the Government notifies the Recipients and forwards the final Federal assistance payment, or when the Government acknowledges Recipients’ remittance of the proper refund. Within 90 days of the Project completion date or termination by the Government, the Recipients agree to: (1) submit a final Federal Financial Report (SF- 425), a certification or summary of project expenses, and third-party audit reports; and

Appears in 1 contract

Samples: Grant Agreement

AutoNDA by SimpleDocs

Closeout Process. Closeout occurs when all required project work and all administrative procedures described in Title 23 (or 2 49 C.F.R. 200.343 - .345Part 18 or Part 19, as applicable) are completed, and the Government notifies the Recipients Grantee and forwards the final Federal assistance payment, or when the Government acknowledges Recipients’ Xxxxxxx’s remittance of the proper refund. Within 90 days of the Project completion date or termination by the Government, the Recipients agree to: (1) Grantee agrees to submit a final Federal Financial Report (SF- 425SF-425), a certification or summary of project expenses, and third-party audit reports; and.

Appears in 1 contract

Samples: Grant Agreement

Closeout Process. Closeout occurs when all required project Project work and all administrative procedures described in Title 23 (or 2 49 C.F.R. 200.343 - .345part 18 or part 19, as applicable) are completed, and the Government notifies the Recipients Grantee and forwards the final Federal assistance payment, or when the Government acknowledges Recipients’ Grantee’s remittance of the proper refund. Within 90 days of the Project completion date or termination by the Government, the Recipients agree to: (1) Grantee agrees to submit a final Federal Financial Status Report (SF- 425SF-425), a certification or summary of project Project expenses, and third-third- party audit reports; and.

Appears in 1 contract

Samples: Grant Agreement

AutoNDA by SimpleDocs

Closeout Process. Closeout occurs when all required project work and all administrative procedures described in Title 23 49 CFR part 18 (or 2 C.F.R. 200.343 - .345, part 19 as applicable) are completed, and the Government notifies the Recipients Grantee and forwards the final Federal assistance payment, or when the Government acknowledges Recipients’ Xxxxxxx’s remittance of the proper refund. Within 90 days of the Project completion date or termination by the Government, the Recipients agree to: (1) Grantees must submit a final Federal Financial Report (SF- 425SF-425), a certification or summary of project expenses, and third-third party audit reports; and.

Appears in 1 contract

Samples: Grant Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!