Appendix G to Part 1136 - Terms and Conditions for OAR Article VII, “Post-Closeout Adjustments and Continuing Responsibilities”
2:1.2.8.6.17.7.64.3.55 : Appendix G
Appendix G to Part 1136 - Terms and Conditions for OAR Article VII,
“Post-Closeout Adjustments and Continuing Responsibilities”
As required by § 1136.705, a DoD Component's general terms and
conditions must use the following wording for OAR Article VII.
OAR Article VII. Post-Closeout Adjustments and Continuing
responsibilities. (DECEMBER 2014)
Section A. Adjustments. The closeout of this award does
not affect:
1. Our right to disallow costs and recover funds on the basis of
a later audit or other review, as long as we make the determination
that the costs are disallowed and notify you about that
determination within the extended records retention period
specified in paragraph B.2 of OAR Article II of these terms and
conditions.
2. Your obligation to return any funds due to the Federal
Government as a result of later refunds, corrections, or other
transactions (to include any adjustments in final indirect cost
rates).
Section B. Continuing responsibilities. After closeout of
this award, you must continue to comply with terms and conditions
of this award that have applicability beyond closeout, including
requirements concerning:
1. Audits, as specified in FMS Article V that cover periods of
time during which you expended funds under this award.
2. Management, use, and disposition of any real property or
equipment acquired or improved under this award in which we
continue to have a Federal interest after closeout, as specified in
PROP Articles I through IV.
3. Retention of, and access to, records related to this award,
as specified in OAR Article II.