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PART 18 - UNIFORM ADMINISTRATIVE REQUIREMENTS FOR GRANTS AND COOP... Page 38 of 38 <br />(d) Cash adjustments. <br />(1) The Federal agency will make prompt payment to the grantee for allowable reimbursable costs. <br />(2) The grantee must immediately refund to the Federal agency any balance of unobligated <br />(unencumbered) cash advanced that is not authorized to be retained for use on other grants. <br />Sec. 18.51 Later disallowances and adjustments. <br />The closeout of a grant does not affect: <br />(a) The Federal agency's right to disallow costs and recover funds on the basis of a later audit or other <br />review; <br />(b) The grantee's obligation to return any funds due as a result of later refunds, corrections, or other <br />transactions; <br />(c) Records retention as required in Sec. 18.42; <br />(d) Property management requirements in Secs. 18.31 and 18.32; and <br />(e) Audit requirements in Sec. 18.26. <br />Sec. 18.52 Collection of amounts due. <br />(a) Any funds paid to a grantee in excess of the amount to which the grantee is finally determined to be entitled <br />under the terms of the award constitute a debt to the Federal Government. If not paid within a reasonable period <br />after demand, the Federal agency may reduce the debt by: <br />(1) Making an administrative offset against other requests for reimbursements, <br />(2) Withholding advance payments otherwise due to the grantee, or <br />(3) Other action permitted by law. <br />(b) Except where otherwise provided by statutes or regulations, the Federal agency will charge interest on an <br />overdue debt in accordance with the Federal Claims Collection Standards (4 CFR Ch. II). The date from which <br />interest is computed is not extended by litigation or the filing of any form of appeal. <br />Subpart E-- Entitlements [Reserved] <br />http: / /www. dot .gov /ost/m60 /grant/49cfr18.htm 8/30/2012 <br />