2 CFR 2900.15
§ 2900.15 Closeout.
United States · 2 CFR — Federal Financial Assistance · Status: effective
Cite this
- Citation
- 2 CFR 2900.15, § 2900.15 Closeout, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/2366
- Permanent ID
ys:prov:2366@1- SHA-256
4ead74a9e112dd80e7dc5e8993c805a9b57962ff41599d4ec3f3c3857bfb6d65
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Full text
In addition to the guidance set forth in 2 CFR 200.344(b), for Federal awards from the Department of Labor, the non-Federal entity must liquidate all financial obligations and/or accrued expenditures incurred under the Federal award. For non-Federal entities reporting on an accrual basis and operating on an expenditure period, unless otherwise noted in the grant agreement or cooperative agreement, the only liquidation that can occur during closeout is the liquidation of accrued expenditures (NOT financial obligations) for goods and/or services received during the grant period.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.