Common use of Contract Closeout Clause in Contracts

Contract Closeout. Upon completion of all Programs and Activities required for the Contract, and pursuant to SECTION 2.03 hereof, Subrecipient shall prepare final Program Completion Reports confirming final performance measures, budgets, and expenses and the GLO will close the Contract in accordance with 2 C.F.R. §§ 200.343 through 200.345 and GLO CDBG-DR guidelines consistent therewith. The GLO will notify Subrecipient via official closeout letter upon review of the final Program Completion Report.

Contract Closeout. Upon completion of all Programs and Activities required for the Contract, and and, pursuant to SECTION Section 2.03 hereof, Subrecipient shall prepare final Program Completion Reports confirming final performance measures, budgets, and expenses and the expenses. The GLO will close the Contract in accordance with 2 C.F.R. §§ 200.343 through 200.345 and GLO CDBG-DR guidelines consistent therewith. The GLO will notify Subrecipient via official closeout letter upon review and approval of the final Program Completion Report.