Common use of Grant Close out Clause in Contracts

Grant Close out. Unless the Commission authorizes an extension, Subrecipient will liquidate all obligations incurred under the federal award not later than seventy-five (75) calendar days after the end date of the period of performance as specified in this Attestation and Agreement, Subrecipient will promptly refund any balances of unobligated cash that the federal awarding agency or pass- through entity paid in advance or paid and that is not authorized to be retained for use in other projects. Subrecipient will account for any real and personal property acquired with federal funds received from the Commission.

Grant Close out. Unless the Commission authorizes an extension, Subrecipient will liquidate all obligations incurred under the federal Federal award not later than seventy-five (75) calendar days after the end date of the period of performance as specified in this Attestation and Agreement, Subrecipient will promptly refund any balances of unobligated cash that the federal Federal awarding agency or pass- through entity paid in advance or paid and that is not authorized to be retained for use in other projects. Subrecipient will account for any real and personal property acquired with federal Federal funds received from the Commission.