(d) consolidated plan status after financial statements. Unless otherwise provided by a concluding agreement, the Consolidated Plan will remain in effect after the financial statements until the end of the programming year covered by the last approved consolidated plan. (1) identifying any closing costs or potential liabilities paid by the continuum of care program fund after the closing contract is signed; (c) the conclusion agreement. All remaining bonds at the time of closing must be covered by the terms of a closing agreement. The agreement is prepared by HUD in agreement with the recipient. The agreement must indicate the grant to be concluded and include provisions for: (i) compliance with all program requirements, certifications and guarantees when using the remaining CDBG funds available for completion costs and potential liabilities; (3) identifying any program revenues from deposits with financial institutions at the time the contract is signed; (i) compliance with all program requirements with respect to the use of program revenues on deposit at the time of final contract signing and the use of all other funds from the ongoing care program available for acquisition costs and potential liabilities; 1. Based on the information contained in the performance report and other relevant information, HUD establishes, in agreement with the recipient, a conclusion agreement in accordance with paragraph c of this section. (iv) compliance with program performance requirements received after the grant is awarded. (6) Other responsibilities of the recipient under the grant agreement and applicable laws and regulations appear to have been satisfactorily fulfilled or there is no other interest on the part of the federal government in keeping the subsidy agreement open to guarantee the benefit. (a) the closure criteria. HUD may simultaneously take clauses to close scholarships for individual grants or multiple grants. A grant is concluded when HUD, in agreement with the recipient, finds that the following criteria are met: (2) HUD cancels any unused portion of the grant, as indicated in the signed financial clearance agreement.
All unused grants paid by the U.S. Treasury and held by the recipient will be refunded to HUD. All funds that have exceeded the legal deadline for the use of the funds are recovered by the U.S. Treasury in accordance with the 24 CFR 570.200 (k). (3) All fees paid with CDBG funds that have not been previously verified are covered at the next individual review of the beneficiary, which will be carried out in accordance with the Hudles rules for the implementation of the requirements of the single act of examination in 2 CFR, part 200. The recipient may be required to reimburse HUD for any ineligible costs based on the results of the audit or on the additional hud audits provided in the conclud agreement. (4) Other provisions that are appropriate to specific circumstances of the conclusion of a grant, with the exception of the obligations under paragraphs (c) to 4 of this section. The agreement authorizes HUD`s oversight and provides that HUD`s findings of non-compliance may be taken into account as an unsatisfactory benefit to the recipient when considering future financial assistance under this party. (f) dismissal for cause. In cases where the Secretary terminates the recipient`s grant under Part O control or under the terms of the grant agreement, the closing guidelines set out in this section apply, unless the approved grant is cancelled in its entirety.
The provisions of 2 CFR 200.342) concerning the effects of termination also apply. HUD determines whether an environmental assessment or inconsemination assessment is required and, where such an audit is required, hud conducts it in accordance with 24 CFR, Part 50.