Closeout & Post-Closeout Responsibilities

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In accordance with 2 CFR § 200.344, recipients have 120 calendar days after the period of performance ends to submit all required reports, liquidate financial obligations, and return any unobligated funds not authorized for retention — and those who fail to do so risk a formal non-compliance determination recorded in SAM.gov.

This self-assessment checklist is intended to assist non-construction grantees in preparing for and complying with award closeout requirements
- EDA Non-Construction Award Closeout Guidance (PDF)

Award compliance responsibilities do not conclude once closeout is completed.

As described in 2 CFR § 200.334, Recipients and Subrecipients must retain Federal award records for three years from the date of submission of their final financial report or until specified.