Grant Closeout Procedures. A. The following definitions shall apply for the purpose of this Section:
Grant Closeout Procedures. The closeout of a grant is the process by which the Trust determines that all applicable administrative actions and all work required under the grant agreement has been completed by the Grantee. This process includes the following:
Grant Closeout Procedures. The Subrecipient’s obligation to the City shall not end until all close-out requirements are completed. Activities during this close-out period shall include, but are not limited to: making final payments, disposing of program assets (including the return of all unused materials, equipment, unspent cash advances, program income balances, and accounts receivable to the City), and determining the custodianship of records. Not withstanding the foregoing, the terms of this Agreement shall remain in effect during any period that the Subrecipient has control over CDBG funds, including program income.
