FDP Terms and Conditions

AFTER-THE-AWARD REQUIREMENTS

Closeout procedures.

The rights and responsibilities of the recipient and the Federal awarding agency are as stated in section ___.71 of OMB Circular A-110, with the following clarifications:

(a) The Federal awarding agency shall make downward adjustments to the Federal share of costs, as described in paragraph (e) of section ___.71, if the amount expended by the recipient on project costs is less than the amount stated in the award and any amendments thereto.

Subsequent adjustments and continuing responsibilities

(a) The continuing rights of the Federal awarding agency and responsibilities of the recipient after closeout of the award are as stated in paragraph (a) of section ___.72 of OMB Circular A-110.

(b) After closeout of the award, the recipient and the Federal awarding agency may modify or end those continuing rights and responsibilities by mutual agreement, as described in paragraph (b) of section ___.72, provided that the responsibilities of the recipient referred to in paragraph (a) of section ___.72 are considered and provisions made for continuing responsibilities of the recipient, as appropriate.

Collection of amounts due

The Federal awarding agency's rights and responsibilities for debt collection are as stated in section ___.73 of OMB Circular A-110.