Common use of Closeout Procedures Clause in Contracts

Closeout Procedures. This Task Agreement shall be closed out in accordance with the procedures stated in 2 CFR §§200.343-345. The recipient shall submit, within 90 calendar days after the end date of the award, all financial, performance, property, and other reports as required by the terms and conditions of the award. NPS may approve extensions when requested by the recipient. Unless NPS authorizes an extension, the recipient shall liquidate all obligations incurred under the award not later than 90 calendar days after the end date of the agreement. The recipient shall promptly refund any balances of unobligated cash that NPS has advanced or paid and that are not authorized to be retained by the recipient for use in other projects. The recipient shall account for any real and personal property acquired with Federal funds or received from NPS in accordance with 2 CFR §§200.310-316.

Closeout Procedures. This Task Agreement shall be closed out in accordance with the procedures stated in 2 CFR §§200.343-345. The recipient Recipient shall submit, within 90 calendar days after the end date of the award, all financial, performance, property, and other reports as required by the terms and conditions of the award. NPS may approve extensions when requested by the recipientRecipient. Unless NPS authorizes an extension, the recipient Recipient shall liquidate all obligations incurred under the award not later than 90 calendar days after the end date of the agreementthis Agreement. The recipient Recipient shall promptly refund any balances of unobligated cash that NPS has advanced or paid and that are not authorized to be retained by the recipient for use in other projects. The recipient Recipient shall account for any real and personal property acquired with Federal funds or received from NPS in accordance with 2 CFR §§200.310-316.